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Common use of Notice of Litigation, Right to Prosecute, Etc Clause in Contracts

Notice of Litigation, Right to Prosecute, Etc. Neither the Custodian nor the Fund shall be liable for indemnification under Section 6 of this Agreement unless a Person shall have promptly notified the Custodian or the relevant Fund in writing of the commencement of any litigation or proceeding

Appears in 6 contracts

Sources: Subcustodian Agreement (Strong Equity Funds Inc), Subcustodian Agreement (Strong Conservative Equity Funds Inc), Subcustodian Agreement (Strong Total Return Fund Inc)

Related Clauses

  • Notice of Litigation
  • Third Party Claim Procedures
  • Right to Arbitrate Claims
  • Submission of a Claim to Arbitration
  • Indemnification Procedures for Third Party Claims

Parent Clauses

  • Indemnification
  • Standard of Care Indemnification
  • STANDARD OF CARE
  • Actions of Custodian Based on Proper Instructions and Special Instructions
  • Certification Regarding Foreign Subcustodians

Sub-Clauses

  • Notice of Litigation, Right to Prosecute, Etc
  • Indemnification Obligations
  • Actions by Custodian
  • Representations and Warranties of the Custodian
  • Representations and Warranties of Each Fund
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