Common use of Scope of Custodian’s Liability Clause in Contracts

Scope of Custodian’s Liability. Xxxxxx Xxxxx shall not be liable for any loss of any kind that may result from any action taken by Xxxxxx Xxxxx in accordance with my directions or from any failure to act because of the absence of any such directions or resulting from my control (whether by action or inaction) over my Account. Xxxxxx Xxxxx shall not be liable for any taxes (or interest thereon) or penalties incurred by me in connection with my Account or in connection with any transaction of my Account. Xxxxxx Xxxxx is entitled to act upon any instrument, certificate or form it believes is genuine and believes is executed or presented by the proper person or persons, and Xxxxxx Xxxxx need not investigate or inquire as to any statement contained in such document but may accept it as true and accurate. I agree Xxxxxx Xxxxx is not liable for any loss to me caused directly or indirectly by war, terrorism, civil unrest, natural disaster, extraordinary weather conditions, government restrictions, interruptions of communications, exchange or market rulings, labor unrest or strikes, or other conditions beyond the control of Xxxxxx Xxxxx (each a “Force Majeure” event). I shall indemnify and hold harmless Xxxxxx Xxxxx from any liability that may arise hereunder except liability arising from the gross negligence or willful misconduct of Xxxxxx Xxxxx.

Scope of Custodian’s Liability. Xxxxxx Xxxxx shall not be liable for any loss of any kind that may result from any action taken by Xxxxxx Xxxxx in accordance with my directions or from any failure to act because of the absence of any such directions or resulting from my control (whether by action or inaction) over my Account. Xxxxxx Xxxxx shall not be liable for any taxes (or interest thereon) or penalties incurred by me in connection with my Account or in connection with any transaction of my Account. Xxxxxx Xxxxx is entitled to act upon any instrument, certificate or form it believes is genuine and believes is executed or presented by the proper person or persons, and Xxxxxx Xxxxx need not investigate or inquire as to any statement contained in such document document, but may accept it as true and accurate. I agree Xxxxxx Xxxxx is not liable for any loss to me caused directly or indirectly by war, terrorism, civil unrest, natural disaster, extraordinary weather conditions, government restrictions, interruptions of communications, exchange or market rulings, labor unrest or strikes, or other conditions beyond the control of Xxxxxx Xxxxx (each a “Force Majeure” event). I shall indemnify and hold harmless Xxxxxx Xxxxx from any liability that may arise hereunder except liability arising from the gross negligence or willful misconduct of Xxxxxx Xxxxx.