Common use of No Expenditure of Funds Clause in Contracts

No Expenditure of Funds. No provision of this Agreement shall require Transfer Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it shall believe in good faith that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 52 contracts

Samples: Agency and Service Agreement (India Fund, Inc.), Agency and Service Agreement (Abrdn Total Dynamic Dividend Fund), Agency and Service Agreement (First Trust Energy Income & Growth Fund)

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No Expenditure of Funds. No provision of this Agreement shall require the Transfer Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it shall believe in good faith that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 20 contracts

Samples: Agreement (Virtus Global Dividend & Income Fund Inc.), Agreement (Gabelli Convertible & Income Securities Fund Inc), Agreement (Gabelli Global Utility & Income Trust)

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No Expenditure of Funds. No provision of this Agreement shall require the Transfer Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it shall believe in good faith that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.. 16.3

Appears in 1 contract

Samples: Agreement

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