Common use of Right of Contribution in Favour of Others Clause in Contracts

Right of Contribution in Favour of Others. With respect to any Indemnified Party who is not a party to this Agreement, it is the intention of the Corporation to constitute the Agent as trustee for such Indemnified Party of the rights and benefits of this section and the Agent agrees to accept such trust and to hold the rights and benefits of this section in trust for and on behalf of such Indemnified Party.

Appears in 3 contracts

Samples: Agency Agreement (Kirkland Lake Gold Inc), Placing Agreement (Kirkland Lake Gold Inc), Agency Agreement (Kirkland Lake Gold Inc)

AutoNDA by SimpleDocs

Right of Contribution in Favour of Others. With respect to any Indemnified Party who is not a party to this Agreement, it is the intention of the Corporation to constitute the Agent Agents as trustee trustees for such Indemnified Party of the rights and benefits of this section Section and the Agent agrees Agents agree to accept such trust and to hold the rights and benefits of this section Section in trust for and on behalf of such Indemnified Party.

Appears in 1 contract

Samples: Agency Agreement (Vista Gold Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!