Common use of LIABILITY OF TRUSTEE LIMITED TO ITS RIGHT TO INDEMNITY Clause in Contracts

LIABILITY OF TRUSTEE LIMITED TO ITS RIGHT TO INDEMNITY. (i) The Trustee enters into this agreement only in its capacity as trustee of the Trust and in no other capacity. A liability arising under or in connection with this agreement or the Trust can be enforced against the Trustee only to the extent to which it can be satisfied out of property of the Trust out of which the Trustee is actually indemnified for the liability. This limitation of the Trustee's liability applies despite any other provision of this agreement and extends to all liabilities and obligations of the Trustee in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this agreement or the Trust.

Appears in 2 contracts

Samples: Allen Allen Agency Agreement (Westpac Securitisation Management Pty LTD), Agency Agreement (Westpac Securitisation MGT Pty LTD Series 2002-1g WST Trust)

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LIABILITY OF TRUSTEE LIMITED TO ITS RIGHT TO INDEMNITY. (ia) The Trustee enters into this agreement only in its capacity as trustee of the Trust and in no other capacity. A liability arising under or in connection with this agreement or the Trust can be enforced against the Trustee only to the extent to which it can be satisfied out of property of the Trust out of which the Trustee is actually indemnified for the liability. This limitation of the Trustee's liability applies despite any other provision of this agreement and extends to all liabilities and obligations of the Trustee in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this agreement or the Trust.

Appears in 1 contract

Samples: Redraw Facility Agreement (Westpac Securitisation Management Pty LTD)

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LIABILITY OF TRUSTEE LIMITED TO ITS RIGHT TO INDEMNITY. (ia) The This agreement applies to the Trustee enters into this agreement only in its capacity as trustee of the Trust and in no other capacity. A liability arising under or in connection with this agreement or the Trust can be enforced against the Trustee only to the extent to which it can be satisfied out of property of the Trust out of which the Trustee is actually indemnified for the liability. This limitation of the Trustee's liability applies despite any other provision of this agreement and extends to all liabilities and obligations of the Trustee in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this agreement or the Trust.

Appears in 1 contract

Samples: Liquidity Facility Agreement (Westpac Securitisation Management Pty LTD)

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