Common use of Liabilities and Indemnifications Clause in Contracts

Liabilities and Indemnifications. (a) Custodian shall not be liable for any action taken in good faith upon any proper instructions herein described or certified copy of any resolution of, the Board of Trustees of the Trust, and may rely on the genuineness of any such document which it may in good faith believe to have been validly executed. (b) The Trust agrees to indemnify and hold harmless the Custodian and its nominee from all taxes, charges, expenses, assessments, claims and liabilities (including counsel fees) incurred or assigned against it or its nominee in connection with the performance of this Agreement, except such as may arise from negligent action, negligent failure to act or willful misconduct of Custodian or its nominee.

Liabilities and Indemnifications. (a) Custodian shall not be liable for any action taken in good faith upon any proper instructions herein described or certified copy of any resolution of, the Board of Trustees of the TrustDirectors, and may rely on the genuineness of any such document which it may in good faith believe to have been validly executed. (b) The Trust Fund agrees to indemnify and hold harmless the Custodian and its nominee from all taxes, charges, expenses, expenses assessments, claims and liabilities (including counsel fees) incurred or assigned against it or its nominee in connection with the performance of this Agreement, except such as may arise from negligent action, negligent failure to act or willful misconduct of Custodian or its nominee.

Liabilities and Indemnifications. (a) Custodian shall not be liable for any action taken in good faith upon any proper instructions herein described or certified copy of any resolution of, the Board of Trustees of the TrustDirectors, and may rely on the genuineness of any such document which it may in good faith believe to have been validly executed. (b) The Trust Fund agrees to indemnify and hold harmless the Custodian and its nominee from all taxes, charges, expenses, assessments, claims and liabilities (including counsel fees) incurred or assigned against it or its nominee in connection with the performance of this Agreement, except such as may arise from negligent action, negligent failure to act or willful misconduct of Custodian or its nominee.