Common use of Legal Proceedings 15 Clause in Contracts

Legal Proceedings 15. 4.1 Custodian shall not be required to appear in or defend any legal proceedings with respect to the Account or the Securities unless Custodian has been indemnified to its reasonable satisfaction against loss and expense (including reasonable attorneys' fees).

Appears in 2 contracts

Samples: Custodian Agreement (First Pacific Mutual Fund Inc /Hi/), Global Custody Agreement (First Pacific Mutual Fund Inc /Hi/)

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Legal Proceedings 15. 4.1 4.1. Custodian shall not be required to appear in or defend any legal proceedings with respect to the Account or the Securities unless Custodian has been indemnified to its reasonable satisfaction against loss and expense (including reasonable attorneys' ’ fees).

Appears in 2 contracts

Samples: Global Custody Agreement (Venture Lending & Leasing VIII, Inc.), Global Custody Agreement (Venture Lending & Leasing IX, Inc.)

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Legal Proceedings 15. 4.1 1. Custodian shall not be required to appear in or defend any legal proceedings with respect to the Account or the Securities unless Custodian has been indemnified to its reasonable satisfaction against loss and expense (including reasonable attorneys' fees).

Appears in 1 contract

Samples: Custodian Agreement (O'Connor EQUUS)

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