Common use of Discretion Clause in Contracts

Discretion. The Trustee shall have absolute and uncontrolled discretion as to the exercise of its functions and shall not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that may result from their exercise or non-exercise.

Appears in 14 contracts

Samples: Master Trust Deed, Trust Deed, Master Trust Deed

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Discretion. The Trustee shall will have absolute and uncontrolled discretion as to the exercise of its functions and shall will not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that which may result from their exercise or non-exercise.

Appears in 4 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

Discretion. The Trustee shall have absolute and uncontrolled discretion as to the exercise of its functions and shall not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that may result from their exercise or non-non exercise.

Appears in 4 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

Discretion. The Trustee shall Trustee, except as herein otherwise provided, shall, with respect to all rights, powers and authorities vested in it, have absolute and uncontrolled discretion as to the exercise thereof, whether in relation to the manner or as to the mode and time for the exercise thereof, and in the absence of its functions and fraud, it shall not be in no way responsible for any loss, liabilitycosts, cost, claim, action, demand, expense damages or inconvenience that may result from their the exercise or non-exerciseexercise thereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)

Discretion. The Trustee shall will have absolute and uncontrolled discretion as to the exercise of its functions powers, trusts and shall discretions and will not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that which may result from their exercise or non-exercise.

Appears in 2 contracts

Samples: Trust Deed (PPL Electric Utilities Corp), Trust Deed (PPL Corp)

Discretion. The Trustee shall have absolute and uncontrolled discretion as to the exercise of its functions functions, duties, powers or discretions and shall not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that may result from their exercise or non-exercise.

Appears in 1 contract

Samples: Trust Deed (Lloyds Banking Group PLC)

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Discretion. The Trustee shall shall, as regards all the powers, trusts, authorities and discretions vested in it hereby, have absolute and uncontrolled discretion as to the exercise of its functions thereof and shall not be in no way responsible for any loss, liabilitycosts, costdamages, claim, action, demand, expense expenses or inconvenience that which may result from their the exercise or non-exerciseexercise thereof in respect of any Series.

Appears in 1 contract

Samples: Principal Trust Deed

Discretion. The Note Trustee shall have absolute and uncontrolled discretion as to the exercise of its functions and shall not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that may result from their exercise or non-non- exercise.

Appears in 1 contract

Samples: Trust Deed (PPL Corp)

Discretion. The Trustee shall have absolute and uncontrolled discretion as to the exercise of its functions and under this Trust Deed and, save as otherwise provided in this Trust Deed, shall not be responsible for any loss, liability, cost, claim, action, demand, expense or inconvenience that may result from their exercise or non-exercise.

Appears in 1 contract

Samples: Trust Deed (Intercontinental Hotels Group PLC /New/)

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