Common use of Liability of Trustee Clause in Contracts

Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation and in entering into the Material Contracts, shall be deemed to have complied with its obligations under Section 7.5 and shall be entitled to the benefit of the indemnities, limitations of liability and other protection provisions provided for herein.

Appears in 4 contracts

Samples: Trust Indenture (Harvest Energy Trust), Trust Indenture (Harvest Energy Trust), Trust Indenture (Harvest Energy Trust)

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Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation or the Manager hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation or the Manager and in entering into the Material Contracts, shall be deemed to have complied with its obligations under Section 7.5 Article IX and shall be entitled to the benefit of the indemnities, limitations of liability and other protection provisions indemnity provided for hereinin Article IX.

Appears in 2 contracts

Samples: Trust Indenture (Pengrowth Energy Trust), Trust Indenture (Pengrowth Energy Trust)

Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation and in entering into the Material ContractsCorporation, shall be deemed to have complied with its obligations under Section 7.5 8.5 and shall be entitled to the benefit of the indemnities, limitations of liability and other protection provisions provided for herein.

Appears in 1 contract

Samples: Trust Indenture (Enterra Energy Trust)

Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation or the Advisor hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation or the Advisor and in entering into the Material Contracts, shall be deemed to have complied with its obligations under Section 7.5 8.06 and shall be entitled to the benefit of the indemnitiesindemnities provided in Sections 8.09 and 8.10, limitations and for greater certainty, the provisions of liability Section 8.08 shall apply for the benefit of the Trustee with respect to the matters designated as the Corporation's responsibility in Sections 9.01 and other protection provisions provided for herein9.

Appears in 1 contract

Samples: Trust Indenture (Enerplus Resources Fund)

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Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation or the Administrator hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation or the Administrator and in entering into the Material Contracts, shall be deemed to have complied with its obligations under Section 7.5 8.4 and shall be entitled to the benefit of the indemnities, limitations of liability indemnity provided in Sections 8.7 and other protection provisions provided for herein8.8.

Appears in 1 contract

Samples: Trust Indenture (Canetic Resources Trust)

Liability of Trustee. The Trustee shall have no liability or responsibility for any matters delegated to the Corporation hereunder or under any of the Material Contracts, and the Trustee, in relying upon the Corporation and in entering into the Material ContractsCorporation, shall be deemed to have complied with its obligations under Section 7.5 and shall be entitled to the benefit of the indemnities, limitations of liability and other protection provisions provided for herein.

Appears in 1 contract

Samples: Trust Indenture (Enterra Energy Trust)

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