Common use of No Expenses for the Trustee Clause in Contracts

No Expenses for the Trustee. The Trustees shall not have any obligation by virtue of this Agreement to spend any of their own funds, or to take any action which could, in the judgment of the Trustees, result in any cost or expense being incurred by the Trustees other than in connection with their obligations hereunder. The Trustees shall not be required to take any action or refrain from taking any action under this Agreement unless they shall have been indemnified by the Beneficiaries in a manner and form satisfactory to the Trustees against any liability, cost or expense (including reasonable fees of counsel) which may be incurred in connection therewith. No provision of this Agreement shall be deemed to impose any duty on the Trustees to take any action if the Trustees shall have been advised by counsel that such action would expose them, or either of them, to personal liability, is contrary to the terms hereof or is contrary to law.

No Expenses for the Trustee. The Trustees Trustee shall not have any obligation by virtue of this Agreement to spend any of their its own funds, or to take any action which could, in the judgment of the Trusteessuch Trustee, result in any cost or expense being incurred by the Trustees Trustee other than in connection with their its own obligations hereunder. The Trustees Trustee shall not be required to take any action or refrain from taking any action under this Agreement unless they it shall have been indemnified by the Beneficiaries Company in a manner and form satisfactory to the Trustees such Trustee against any liability, cost or expense (including reasonable fees of counselcounsel fees) which may be incurred in connection therewith. No provision of this Agreement shall be deemed to impose any duty on the Trustees Trustee to take any action if the Trustees Trustee shall have been advised by counsel that such action would expose them, or either of them, it to personal liability, is contrary to the terms hereof or is contrary to law.

No Expenses for the Trustee. The Trustees Trustee shall not have any obligation by virtue of this Agreement to spend any of their his or her own funds, or to take any action which could, in the judgment of the TrusteesTrustee, result in any cost or expense being incurred by the Trustees Trustee other than in connection with their his or her own obligations hereunder. The Trustees Trustee shall not be required to take any action or refrain from taking any action under this Agreement unless they he or she shall have been indemnified by the Beneficiaries in a manner and form satisfactory to the Trustees Trustee against any liability, cost or expense (including reasonable fees of counsel) which may be incurred in connection therewith. No provision of this Agreement shall be deemed to impose any duty on the Trustees Trustee to take any action if the Trustees Trustee shall have been advised by counsel that such action would expose them, him or either of them, her to personal liability, is contrary to the terms hereof or is contrary to law.