Risk of Funds. No provision of this Agreement shall require ------------- the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it believes that repayment of such funds or adequate indemnification against such risk or liability is not assured it.
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Samples: Rights Agreement (Varco International Inc /De/), Rights Agreement (Varco International Inc /De/)
Risk of Funds. No provision of this Agreement shall require ------------- the Rights Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder hereunder, or in the exercise of any of its rights or powers, if it believes shall have reasonable grounds for believing that repayment of such funds or adequate indemnification indemnity against such risk or liability is not reasonably assured to it.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Nab Exchangeable Preferred Trust), Security and Pledge Agreement (Nab Exchangeable Preferred Trust)
Risk of Funds. No provision of this Rights Agreement shall require ------------- the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it believes there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.
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