Trustee’s Indemnity Sample Clauses
Trustee’s Indemnity. (a) The Trustee shall indemnify the Manager, the Trust and the Investment Trusts with its own estate and not with the Trust Estate, for any legal, notarial, registration, accounting, consulting fees and expenses, taxes or third party expenses incurred directly or indirectly by the Manager, the Trust or the Investment Trusts, as applicable, as a consequence of any corporate action of the Trustee acting in its individual capacity and not as trustee of this Trust Agreement that results in a Trustee Change of Control or in a merger of the Trustee with any other Person, in its capacity as merged entity or any spinoff, sale or any other action of any nature which results in the Trustee ceasing to legally exist or in its assets, liabilities and capital being transferred to any other Person or group of Persons (the “Trustee Activities”).
Trustee’s Indemnity. Subject to clause 16.2, the Trustee indemnifies the Landholder from and against all liabilities, actions, proceedings, Claims, demands, costs, losses, damage and expenses (Losses) (excluding Consequential Loss) which may be brought against or made upon the Landholder or which the Landholder may pay, sustain or be put to by reason of or in connection with:
(a) any acts, errors or omissions of the Trustee (or its officers, employees, agents or contractors) under or in relation to this Agreement;
(b) any acts, errors or omissions of the Trustee (or its officers, employees, agents or contractors) relating to:
(i) the design, construction, testing, commissioning, operation, management, repair, maintenance or Modification of the Extension Infrastructure; or
(ii) the Modification of the Landholder Infrastructure;
Trustee’s Indemnity. The Trustee shall be entitled to be indemnified fully out of the dividends coming to his hands against all costs, charges, expenses and other liabilities properly incurred by him in the exercise of any power conferred upon him by these presents; and the Subscribers, and each of them, hereby covenant with the Trustee that in the event of the monies and securities in his hands being insufficient for that purpose, the Subscribers, and each of them, will in proportion to the amount of their respective shares and interests hold harmless and keep indemnified the Trustee of and from all loss or damage which he may sustain or be put to by reason of anything he may lawfully do in the execution of this Trust.
Trustee’s Indemnity. Trustee shall be entitled to be indemnified by the Company against all costs, charges, expenses and other liabilities properly incurred by Trustee in the exercise of any power conferred upon him by these presents.
Trustee’s Indemnity. The Trustees are to be fully indemnified out of the dividends coming to their hands against all costs, charges, expenses, and other liabilities properly incurred by them in the exercise of any power conferred upon them under this Agreement or by law. The Subscribers covenant with the Trustees that, if the moneys and securities in their hands are insufficient for that purpose, the Subscribers will, in proportion to the amounts of their respective shares and interests and save harmless and keep indemnified the Trustees of and from all loss or damage which they may sustain or be put to by reason of anything they may lawfully do in the signing of this Agreement.
Trustee’s Indemnity. Except to the extent prohibited by law, the Trustee shall be held harmless and indemnified fully by the Holders against all costs, charges, expenses and other liabilities, including reasonable attorney’s fees, incurred by the Trustee in the exercise of any power conferred upon the Trustee by this Agreement or arising or relating to this Agreement (excluding actions or omissions of the Trustee in bad faith).
Trustee’s Indemnity. The Trustee shall be entitled to be fully indemnified out of the dividends coming to her hands against all costs, charges, expenses, and other liabilities properly incurred by her in the exercise of any power conferred upon her by these presents; and the Beneficiary hereby covenants with the Trustee that in the event of the moneys and securities in her hands being insufficient for that purpose the Beneficiary will in proportion to the amounts of his shares and interests save harmless and keep indemnified the Trustee of and from all loss or damage which she may sustain or be put to by reason of anything she may lawfully do in the execution of this trust.
Trustee’s Indemnity. The Trustee shall be entitled to be indemnified out of the dividends coming to his hands against all costs, charges, expenses and other liabilities properly incurred by him in the exercise of any power conferred upon him by this Agreement.
Trustee’s Indemnity. The Participating Companies will pay to or reimburse the Trustee all expenses properly incurred by it in connection with the Plan and agree to keep the Trustee (and any officer or employee of a body corporate or a trust corporation acting as a trustee) fully indemnified jointly and severally against any claims, proceedings, losses or liability arising out of or in connection with the trust or the proper administration and operation of the Plan. However, the Trustee shall not be indemnified or exonerated in respect of any fraud, negligence or wilful default on its part or its agents' or any of their officers' or employees' parts. This indemnity shall similarly apply after the removal or retirement of the Trustee. The Trustee shall have the benefit of any indemnities conferred upon trustees by law.
Trustee’s Indemnity. The Employer shall hold harmless and shall indemnify the Trustee for any and all losses, claims, damages, liabilities or expenses whatsoever (including, but not limited to attorneys' fees) resulting from the Trustee's performance of its duties under this Agreement; provided, however, that the Trustee shall not be entitled to be so indemnified to the extent it is determined by a final adjudication by a court of competent jurisdiction that the Trustee has breached its fiduciary duty under ERISA. The Trustee shall be entitled to collect on the indemnity provided by this Section 8.17 only from the Employer, and shall not be entitled to any direct or indirect indemnity payment from assets of the Trust Fund. * * * * * * * * * * * * * * *