No obligation to take legal action. The Escrow Agent shall not be obligated to take any legal action hereunder which might, in its judgment, involve any expense or liability unless it shall have been furnished with a reasonable indemnity by all of the Parties hereto together with such other third parties as the Escrow Agent may require in its sole and absolute discretion.
Appears in 17 contracts
Samples: Mineral Property Acquisition Agreement (Douglas Lake Minerals Inc.), Share Exchange Agreement (Uranium Energy Corp), Mineral Property Acquisition Agreement (Douglas Lake Minerals Inc.)
No obligation to take legal action. The Escrow Agent shall not be obligated under any obligation to take any legal action hereunder which mightin connection with this Escrow Agreement or for its enforcement, or to appear in, prosecute, or defend any action or legal proceeding which, in its judgmentopinion, would or might involve it in any expense costs, expense, loss, or liability liability, unless and as often as required by it, it shall have been is furnished with a reasonable satisfactory security and indemnity by against all of the Parties hereto together with such other third parties as the Escrow Agent may require in its sole and absolute discretioncosts, expenses, losses, or liabilities.
Appears in 9 contracts
Samples: Interlocal Cooperation Agreement, Purchase and Sale Contract (Century Pension Income Fund Xxiii), Purchase and Sale Contract (Consolidated Capital Institutional Properties 2)
No obligation to take legal action. The Escrow Agent shall not be obligated to take any legal action hereunder which might, in its judgment, involve any expense or liability unless it shall have been furnished with a reasonable indemnity by all of the Parties hereto together with such other third parties as the Escrow Agent may require in its sole and absolute discretion.
Appears in 7 contracts
Samples: Share Exchange Agreement (Duma Energy Corp), Share Exchange Agreement (Morgan Creek Energy Corp), Share Exchange Agreement (Sono Resources, Inc.)
No obligation to take legal action. The Escrow Agent shall not be obligated will have no obligation to take any legal action hereunder in connection with this Agreement or toward its enforcement, or to appear in, prosecute or defend any action or legal proceeding which mightwould or might involve it in any costs, in its judgmentexpense, involve any expense loss or liability unless it security and indemnity, as provided herein shall have been furnished with a reasonable indemnity by all of the Parties hereto together with such other third parties as the Escrow Agent may require in its sole and absolute discretionbe furnished.
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