Trustee Not Required to Give Security. The Trustee shall not be required to give any bond or security in respect of the execution of the trusts and powers of this Indenture or otherwise in respect of the premises.
Trustee Not Required to Give Security. Subject to the provisions of this Indenture and Applicable Legislation, the Trustee shall not be required to give any bond or security in respect of the execution of the trusts and powers of this Indenture or otherwise.
Trustee Not Required to Give Security. The Trustee shall not be required to give security for its conduct or administration of the trusts hereof and shall not be responsible for the acts, omissions, defaults, errors or failures of any agents whom it may reasonably employ in the exercise of the powers conferred upon it hereby, nor for any loss occasioned by its own acts, omissions or defaults unless such acts, omissions or defaults constitute a wilful misconduct, wilful or negligent breach of trust or fraud.
Trustee Not Required to Give Security. The Trustee shall not be required to give any bond or security in respect of the execution of the trusts and powers of this Indenture or otherwise. Protection of Trustee By way of supplement to the provisions of any law for the time being relating to trustees, it is expressly declared and agreed as follows: The Trustee shall not be liable for or by reason of any statements of fact or recitals in this Indenture (except the representation contained in section ) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by HII or the Corporation, as the case may be. Nothing herein contained shall impose any obligation on the Trustee to see to or to require evidence of the registration or filing (or renewal thereof) of this Indenture or any instrument ancillary or supplemental hereto. The Trustee shall not be bound to give notice to any person of the execution hereof. The Trustee shall not incur any liability or responsibility whatsoever or be in any way responsible for the consequence of any breach on the part of HII or the Corporation of any of the covenants herein contained or of any acts of any directors, officers, employees, agents or servants of HII or the Corporation, as the case may be. The Trustee will process all proffered transfers of Special Shares in good faith upon the presumption that such transfers are permissible pursuant to all applicable legislation and the terms of this Indenture. The transferor and transferee are solely responsible for ensuring compliance with any applicable securities laws, and the Trustee shall have no obligation to ensure compliance with any laws applicable to the issue or transfer of any Special Shares. The Trustee shall incur no liability with regard to the delivery or non-delivery of any certificate, whether delivered by hand, mail or other means. The Trustee shall disburse monies according to this Indenture only to the extent that monies have been deposited with it. The countersignature of the Trustee on the Special Share Certificates shall not be construed as a representation or warranty by the Trustee as to the validity of this Indenture or the Special Shares, and the Trustee shall in no respect be liable or answerable for the use made of the Special Shares or any of them.
Trustee Not Required to Give Security. The Trustee shall not be required to give any bond or security in respect of the execution of the trusts, rights, duties, powers and authorities of this agreement or otherwise in respect of the premises. Trustee Not Bound to Act on Request Except as in this agreement otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or request of RVI Sub and/or RVI or of the directors thereof until a duly authenticated copy of the instrument or resolution containing such direction or request shall have been delivered to the Trustee, and the Trustee shall be empowered to act and rely upon any such copy purporting to be authenticated and believed by the Trustee to be genuine. Authority to Carry on Business The Trustee represents to RVI Sub and RVI that at the date of execution and delivery by it of this agreement it is authorized to carry on the business of a trust company in the Province of Ontario but if, notwithstanding the provisions of this Section 7.14, it ceases to be so authorized to carry on business, the validity and enforceability of this agreement and the Voting Rights, the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights shall not be affected in any manner whatsoever by reason only of such event; provided, however, the Trustee shall, within 90 days after ceasing to be authorized to carry on the business of a trust company in the Province of Ontario, either become so authorized or resign in the manner and with the effect specified in Article 10 hereof.
Trustee Not Required to Give Security. The Trustee shall not be required to grant any Lien or give security for its conduct or administration under this Indenture. 36990-2073 30186571.16
Trustee Not Required to Give Security. Trustee Not Bound to Act on Corporation’s Request Section 15.13 Conditions Precedent to Trustee’s Obligations to Act Hereunder
