Common use of Liability for Predecessor or Successor Clause in Contracts

Liability for Predecessor or Successor. No successor Trustee hereunder in any way shall be liable or responsible for any actions or omissions of any prior Trustee in the administration of the Trust or the Trust Fund prior to the date such successor Trustee assumes its obligations hereunder, nor shall any prior Trustee in any way be liable or responsible for any actions or omissions of any successor Trustee.

Liability for Predecessor or Successor. No successor Trustee trustee hereunder in any way shall will be liable or responsible for any actions or omissions of any prior Trustee trustee in the administration of the Trust or the assets comprising the Trust Fund prior to the date such successor Trustee trustee assumes its obligations hereunder, nor shall will any prior Trustee trustee in any way be liable or responsible for any actions or omissions of any successor Trusteetrustee.