No Required Action. Trustee shall not be required to take any action toward the execution and enforcement of the trust hereby created or to institute, appear in or defend any action, suit or other proceeding in connection therewith where in his opinion such action will be likely to involve him in expense or liability, unless requested so to do by a written instrument signed by Beneficiary
Appears in 4 contracts
Samples: Deed of Trust and Security Agreement (Sterling Construction Co Inc), Deed of Trust and Security Agreement (Sterling Construction Co Inc), Deed of Trust and Security Agreement (Sterling Construction Co Inc)
No Required Action. Trustee shall not be required to take any action toward the execution and enforcement under this Deed of the trust hereby created Trust or to institute, appear in or defend any action, suit or other proceeding in connection therewith where in his its opinion such action will be likely to involve him it in expense or liability, unless requested so to do by a written instrument signed by BeneficiaryBeneficiary and, if Trustee so requests, unless Trustee is tendered security and indemnity satisfactory to it against any and all costs, expense and liabilities arising therefrom.
Appears in 2 contracts
Samples: Credit Agreement (Fulcrum Bioenergy Inc), Credit Agreement (Fulcrum Bioenergy Inc)
No Required Action. Trustee shall not be required to take any action toward the execution and enforcement of the trust hereby created or to institute, appear in or defend any action, suit or other proceeding in connection therewith where in his opinion such action will be likely to involve him in expense or liability, unless requested so to do by a written instrument signed by Beneficiary.
Appears in 1 contract
