Common use of Limited liability for the Trustee Clause in Contracts

Limited liability for the Trustee. (a) The Trustee will not be liable to the Bondholders for damage or loss caused by any action taken or omitted by it under or in connection with any Finance Document, unless directly caused by its negligence or wilful misconduct. The Trustee shall never be responsible for indirect loss.

Appears in 5 contracts

Samples: Amendment and Restatement Agreement, Amendment and Restatement Agreement, Amendment and Restatement Agreement

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Limited liability for the Trustee. (a) 18.3.1 The Trustee will not be liable to the Bondholders for damage or loss caused by any action taken or omitted by it under or in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct. The Trustee shall never be responsible for indirect loss.

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

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