Limitation of Liability of PSP Trustees Clause Samples

Limitation of Liability of PSP Trustees. Notwithstanding anything in this Agreement to the contrary, the parties hereto agree that the trustees of PSP are entering into this Agreement and the other documents delivered in connection herewith solely in their capacities as trustees of PSP. Any obligations or liability of PSP resulting from this Agreement and any such other documents shall be satisfied only out of the property of PSP and not out of the property of the trustees or unitholders of PSP, and such obligations or liability shall bind the trustees of PSP only to the extent (i) that the trustees of PSP are entitled to be indemnified out of the property of PSP, (ii) the value of the property of PSP is sufficient to satisfy the right of the trustees to be indemnified, and (iii) the trustees of PSP are so indemnified.