Forced Indemnification: Difference between revisions
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Another example of an indemnification clause from Scotia Wealth Management states, "NOW THEREFORE, THIS LETTER OF INDEMNITY WITNESSETH that the Undersigned hereby covenants and agrees that the Undersigned will, from time to time and at all times hereafter, indemnify and keep indemnified ScotiaMcLeod of, and from and against all actions, suits, claims, costs (including legal cost) and demands which are now or may at any time or times hereafter made, brought or claimed against ScotiaMcLeod in respect of payment by ScotiaMcLeod to the Undersigned of the proceeds of the above mentioned RRSP/RRIF/TFSA and of and from any loss, charges and expenses which ScotiaMcLeod may sustain or be put to in respect thereof. THIS LETTER OF INDEMNITY shall be binding on the Undersigned and on the heirs and assigns of the Undersigned." | Another example of an indemnification clause from Scotia Wealth Management states, "NOW THEREFORE, THIS LETTER OF INDEMNITY WITNESSETH that the Undersigned hereby covenants and agrees that the Undersigned will, from time to time and at all times hereafter, indemnify and keep indemnified ScotiaMcLeod of, and from and against all actions, suits, claims, costs (including legal cost) and demands which are now or may at any time or times hereafter made, brought or claimed against ScotiaMcLeod in respect of payment by ScotiaMcLeod to the Undersigned of the proceeds of the above mentioned RRSP/RRIF/TFSA and of and from any loss, charges and expenses which ScotiaMcLeod may sustain or be put to in respect thereof. THIS LETTER OF INDEMNITY shall be binding on the Undersigned and on the heirs and assigns of the Undersigned." | ||
==References== | ==References== | ||
[[:File:CA170 revised.pdf]] | |||
[[Category:Common terms]] | [[Category:Common terms]] |