Common use of Custodians & Agents Clause in Contracts

Custodians & Agents. We will exercise reasonable care in our choice of nominees, custodians and agents. As long as the losses do not arise directly from our fraud, negligence or wilful default, we cannot be responsible for loss arising from the default of a nominee (other than our own nominee), a custodian or agent whether the loss arises from the loss of funds, investments, title documents or otherwise.

Custodians & Agents. We will exercise reasonable care in our choice of nominees, custodians and agents. As long as the losses do not arise directly from our fraud, negligence or wilful willful default, we cannot be responsible for loss arising from the default of a nominee (other than our own nominee), a custodian or agent whether the loss arises from the loss of funds, investments, title documents or otherwise.