Indemnity to be Provided. If the Trust requests Custodian to take any action with respect to securities or other assets of a Series, which may, in the opinion of Custodian, result in Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, Custodian shall not be required to take such action until such Series shall have provided indemnity therefor to Custodian in an amount and form satisfactory to Custodian.
Appears in 2 contracts
Sources: Custody Agreement (Underlying Funds Trust), Custody Agreement (Underlying Funds Trust)