Common use of Liability of the Client to the Custodian Clause in Contracts

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a “Loss”) incurred by the Custodian arising in connection with the Client’s failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s or any Agent’s failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 8 contracts

Samples: Custodial Services Agreement (Diameter Credit Co), Global Custodial and Agency Services Agreement (ETF Opportunities Trust), Global Custodial and Agency Services Agreement (ETF Opportunities Trust)

AutoNDA by SimpleDocs

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a "Loss") incurred by the Custodian arising in connection with the Client’s 's failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s 's appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party party; except any Loss resulting from the Custodian’s 's or any Agent’s 's negligence, willful misconduct, or fraud or the failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 2 contracts

Samples: Global Custodial Services Agreement (Altmfx Trust), Custodial Services Agreement (Altx Trust)

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a "Loss") incurred by the Custodian arising in connection with the Client’s 's failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s 's appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s 's or any Agent’s 's failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Custodial Services Agreement (Usaa Mutual Funds Trust)

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a “Loss’’) incurred by the Custodian arising in connection with the Client’s failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s or any Agent’s failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Global Custodial and Agency Services Agreement (Timothy Plan)

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes Taxes, and expenses (including reasonable legal fees and disbursements) (each referred to as a “Loss”) incurred by the Custodian arising in connection with the Client’s failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s or any Agent’s failure to satisfy its obligation of due skill, care care, and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Custodial Services Agreement (2023 ETF Series Trust)

AutoNDA by SimpleDocs

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all commercially reasonable losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a “Loss”) incurred by the Custodian arising in connection with the Client’s failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s or any Agent’s fraud, negligence or failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Custodial Services Agreement (Gemcorp Commodities Alternative Products Fund)

Liability of the Client to the Custodian. The Client agrees to to: (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a "Loss") incurred by the Custodian arising in connection with the Client’s 's failure to perform any obligation of the Client under this Agreement or arising from or in connection with the Custodian’s 's appointment or performance under this Agreement Agreement; and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s 's or any Agent’s 's failure to satisfy its obligation of due skill, care and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Swap Collateral Account Bank Agreement

Liability of the Client to the Custodian. The Client agrees to (i) indemnify the Custodian for all losses, costs, damages, Taxes and expenses (including reasonable legal fees and disbursements) (each referred to as a “Loss”) incurred by the Custodian arising in connection with the Client’s failure to perform any obligation of the Client its obligations under this Agreement or arising from or in connection with the Custodian’s appointment or performance under this Agreement and (ii) defend and hold the Custodian harmless from or in connection with any Loss imposed on, incurred by, or asserted against the Custodian (directly or through any of its Agents) or otherwise arising in connection with or arising out of any claim, action or proceeding by any third party except any Loss resulting from the Custodian’s or any Agent’s failure to satisfy its obligation of due skill, skill care and diligence as provided in this Agreement.

Appears in 1 contract

Samples: Custodial and Agency Services Agreement (Emles Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!