Common use of Capacity of Trustees Clause in Contracts

Capacity of Trustees. The Purchaser acknowledges and agrees that any liability arising under or in connection with this Agreement is limited to and can be enforced against the Trustees only to the extent to which it can be satisfied out of the property of MGIF out of which the Trustees are actually indemnified for their liability. The Purchaser acknowledges that this limitation of the Trustees’ liability applies despite any other provision of this Agreement and extends to all liabilities and obligations of the Trustees in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this Agreement.

Capacity of Trustees. The Purchaser acknowledges and agrees that any liability arising under or in connection with this Agreement is limited to and can be enforced against the Trustees only to the extent to which it can be satisfied out of the property of MGIF out of which the Trustees are actually indemnified for their liability. The Purchaser acknowledges that this limitation of the Trustees’ ' liability applies despite any other provision of this Agreement and extends to all liabilities and obligations of the Trustees in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this Agreement.