Limits of Trustee Liability Sample Clauses

Limits of Trustee Liability. Except for a breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interest of the beneficiaries, as finally determined in a court of competent jurisdiction: No trustee shall be responsible or otherwise liable, directly or indirectly, at any time, for any act, refraining from acting, failure to act, error or omission of himself or any co-trustee, or of a successor trustee; The Trust shall fully defend, indemnify, reimburse and hold harmless trustees against all charges, claims, disputes, allegations and causes of action of every kind, and any damage, liability or obligation to pay which the trustee may incur in connection with any such charge, claim, dispute, allegation or cause of action, all without limitation, arising from or in any manner relating to the exercise of any discretion, power or authority of the trustee office; The Trust will pay for all fees, costs and expenses of legal defense which may be incurred by a trustee in connection with defending against any such charge, claim, dispute, allegation or cause of action.
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Related to Limits of Trustee Liability

  • Limitation on Liability of Manager Unless arising as a result of their gross negligence, the Manager and the Institution shall not be liable to the Resident for any loss or damage, however caused to the Resident, the property of the Resident or to the property of the Resident’s guest(s) while in the Residence or on the lands on which the Residence is situated. Without limiting the generality of the foregoing, such property includes and is not limited to, personal property of the Resident (including their vehicle(s) and their contents) and damage includes and is not limited to; damage caused by the failure of the plumbing or heating system or any other building system, defects in the structure of the Building, water or snow penetration, exterior weather conditions, damage arising from any cause beyond the control of the Manager or Institution, and any damage or injury arising from the activities of employees, contractors or agents of the Manager and the Institution. The Resident agrees that by executing the Agreement and residing in the Residence, they are acknowledging that they understand and freely assume the risks associated with communal living, including but not limited to risks of potential exposure to physical, mental or emotional harm or injury, communicable diseases and other contagious viruses. Accordingly, the Resident on their own behalf and on behalf of their successors, beneficiaries and next of kin hereby waives their right to demand or make any claim against (and indemnifies, releases and covenants and agrees to hold harmless each of) the Manager, the Institution, their agents, contractors, officers, directors, governors, management, successors, assigns, students and employees from or in relation to any and all damages, physical or other harm, death, liability, claims, expenses or loss due to any cause whatsoever, including negligence, breach of contract, or breach of any statutory or other duty of care (collectively, “Claims”) arising under or related to this Student Residence Agreement and the provision of services or accommodation, including but not limited to exposure to communicable diseases and contagious viruses. The Resident further agrees to take all reasonable precautions and follow recommendations by public health authorities to mitigate the spread of communicable diseases while living in the Residence community. Failure to follow the Student Residence Agreement and measures related to said communicable diseases (including but not limited to Covid-19), or failure to follow directions from staff regarding communicable disease related rules or measures may result in standards action up to and including eviction from residence.

  • Limitations on Liability The Custodian shall not be liable for any loss, claim, damage or other liability arising from the following causes:

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