Common use of Advisory Board Member Liability Clause in Contracts

Advisory Board Member Liability. To the full extent permitted by applicable law currently or hereafter in effect, no Advisory Board Member will be personally liable, for breach of fiduciary duty or otherwise, to the Trust, the Trustee, IBM Credit or ADS for or with respect to any acts or omissions in the performance of his or her duties as an Advisory Board Member. No repeal or modification of this Section 4.01(h) will adversely affect any right or protection of an Advisory Board Member existing prior to such repeal or modification.

Advisory Board Member Liability. To the full extent permitted ------------------------------- by applicable law currently or hereafter in effect, no Advisory Board Member will be personally liable, for breach of fiduciary duty or otherwise, to the Trust, the Trustee, IBM Credit any Purchaser or ADS for or with respect to any acts or omissions in the performance of his or her duties as an Advisory Board Member. No repeal or modification of this Section 4.01(h4.01(e) will adversely affect any right or protection of an Advisory Board Member existing prior to such repeal or modification.

Advisory Board Member Liability. To the full extent ------------------------------- permitted by applicable law currently or hereafter in effect, no Advisory Board Member will be personally liable, for breach of fiduciary duty or otherwise, to the Trust, the Trustee, IBM Credit any Purchaser or ADS for or with respect to any acts or omissions in the performance of his or her duties as an Advisory Board Member. No repeal or modification of this Section 4.01(h4.01(e) will adversely affect any right or protection of an Advisory Board Member existing prior to such repeal or modification.