Common use of Indemnity of Trustee Clause in Contracts

Indemnity of Trustee. The Company hereby indemnifies and holds harmless the Trustee and its officers from and against all reasonable costs, liabilities, expenses and disbursements (including reasonable legal fees and disbursements) that it might incur or to which it might have become subject in any action, suit or other similar legal proceeding that might be instituted against the Trustee arising from or out of any act, omission or error of the Trustee arising pursuant to this Indenture, provided that the Trustee acted in accordance with the standards set forth in Section 8.2 and that any such act, omission or error did not constitute negligence, wilful misconduct or bad faith on the part of the Trustee. This Section 8.12 shall survive the resignation or removal of the Trustee or the termination of this Indenture.

Appears in 2 contracts

Samples: Gryphon Gold Corp, Agnico Eagle Mines LTD

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Indemnity of Trustee. The Company Corporation hereby indemnifies and holds harmless the Trustee and its officers officers, directors, employees and agents from and against all reasonable costs, liabilities, expenses and disbursements (including reasonable legal fees and disbursements) that it might incur or to which it might have become subject in any action, suit or other similar legal proceeding that might be instituted against the Trustee arising from or out of any act, omission or error of the Trustee arising pursuant to this Indenture, provided that the Trustee acted in accordance with the standards set forth in Section 8.2 10.02 and that any such act, omission or error did not constitute gross negligence, wilful misconduct or bad faith on the part of the Trustee. This Section 8.12 10.12 shall survive the resignation or removal of the Trustee or the termination of this Indenture.

Appears in 1 contract

Samples: Learning Co Inc

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Indemnity of Trustee. The Company Corporation hereby indemnifies and holds harmless the Trustee and its officers officers, directors and employees from and against all reasonable costs, liabilities, expenses and disbursements (including reasonable legal fees and disbursements) that it might incur or to which it might have become subject in any action, suit or other similar legal proceeding that might be instituted against the Trustee arising from or out of any act, omission or error of the Trustee arising pursuant to this Indenture, provided that the Trustee acted in accordance with the standards set forth in Section section 8.2 and that any such act, omission or error did not constitute negligence, wilful misconduct or bad faith on the part of the Trustee. This Section section 8.12 shall survive the resignation or removal of the Trustee or the termination of this Indenture.

Appears in 1 contract

Samples: MDS Inc

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