Common use of Protection of Trustee Clause in Contracts

Protection of Trustee. The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any of the circumstances and obligations hereunder, to expend or risk its funds or otherwise incur financial liability.

Appears in 9 contracts

Samples: Indenture, Indenture (CLS Holdings USA, Inc.), Indenture

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Protection of Trustee. The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any None of the circumstances and obligations hereunder, provisions of this Indenture shall require a Trustee to expend or risk its own funds or otherwise to incur any liability, financial liabilityor otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it.

Appears in 7 contracts

Samples: Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.)

Protection of Trustee. The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any None of the circumstances and obligations hereunder, provisions of this Warrant Indenture shall require a Trustee to expend or risk its own funds or otherwise to incur any liability, financial liabilityor otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it.

Appears in 6 contracts

Samples: Warrant Indenture (C21 Investments Inc.), Warrant Indenture (C21 Investments Inc.), Warrant Indenture (C21 Investments Inc.)

Protection of Trustee. The Indenture Trustee shall not be obligated under any circumstances whatsoever in the fulfilment fulfillment of any of the circumstances and obligations hereunder, to expend or risk its funds or otherwise incur financial liability.

Appears in 3 contracts

Samples: Indenture (Golden Star Resources LTD), Indenture (Golden Star Resources LTD), Indenture (Golden Star Resources LTD)

Protection of Trustee. The Indenture Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any of the circumstances and obligations hereunder, to expend or risk its funds or otherwise incur financial liability.

Appears in 2 contracts

Samples: Indenture (Student Transportation Inc.), Indenture (Alamos Gold Inc)

Protection of Trustee. The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any of the circumstances and obligations hereunder, to expend or risk its own funds or otherwise incur financial liability.

Appears in 1 contract

Samples: Indenture

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Protection of Trustee. The Trustee shall will not be obligated under any circumstances whatsoever in the fulfilment of any of the circumstances and obligations hereunder, to expend or risk its funds funds, nor does the Trustee make any representation as to the validity or otherwise incur financial liabilitysufficiency of the First Supplemental Indenture, including but not limited to the recitals hereof.

Appears in 1 contract

Samples: First Supplemental Indenture (Stelco Inc /Fi)

Protection of Trustee. β€Œ The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any of the circumstances and obligations hereunder, to expend or risk its funds or otherwise incur financial liability.

Appears in 1 contract

Samples: Indenture

Protection of Trustee. The Trustee shall not be obligated under any circumstances whatsoever in the fulfilment of any β€Œ None of the circumstances and obligations hereunder, provisions of this Indenture shall require a Trustee to expend or risk its own funds or otherwise to incur any liability, financial liabilityor otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it.

Appears in 1 contract

Samples: Indenture

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