Limitation of Trustee's Liability. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by the Trustee not individually or personally, but solely as Trustee in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Agreement.
Appears in 11 contracts
Samples: Underwriting Agreement (Enduro Royalty Trust), Underwriting Agreement (Pacific Coast Oil Trust), Underwriting Agreement (SandRidge Mississippian Trust II)
Limitation of Trustee's Liability. It is expressly understood and agreed by the parties hereto that (ai) this Agreement is executed and delivered by the Trustee not individually or personally, but solely as Trustee in the exercise on behalf of the powers and authority conferred and vested in it Trust and (bii) under no circumstances shall the Trustee be liable for any liability of the Trust or for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (Whiting USA Trust II), Underwriting Agreement (Whiting USA Trust II)
Limitation of Trustee's Liability. It is expressly understood and agreed by the parties Parties hereto that (a) this Agreement is executed and delivered by the Trustee not individually or personally, but solely as Trustee in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Agreement.
Appears in 2 contracts
Samples: Administrative Services Agreement (SandRidge Mississippian Trust I), Administrative Services Agreement (SandRidge Mississippian Trust I)
Limitation of Trustee's Liability. It is expressly understood and agreed by the parties Parties hereto that (a) this Agreement is executed and delivered by the Trustee not individually or personally, but solely as Trustee in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Agreement.. [Remainder of page deliberately left blank]
Appears in 1 contract
Samples: Administrative Services Agreement
