Common use of Limits on Trustee's Powers Clause in Contracts

Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this Agreement. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any indebtedness or expenses of this Agreement or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trustee under this Agreement, except as set forth in this Agreement.

Appears in 9 contracts

Samples: Voting Trust and Divestiture Agreement, Voting Trust Agreement (Missouri Foundation for Health), Voting Trust Agreement (Wellpoint Health Networks Inc /De/)

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Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this AgreementAgreement and the Purchase and Sale Program Procedures. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any indebtedness or expenses of this Agreement except as set forth in Section 8.9, or be liable for the breach or failure of any obligation, representation, warranty or covenant made or obligation undertaken by the Trustee under this Agreement, except as set forth in this AgreementSection 8.9.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement (Metlife Inc), Plan of Reorganization (Metlife Inc)

Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this Agreement. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any indebtedness or expenses of this Agreement except as set forth in Section 5.2 of this Agreement, or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trustee under this AgreementAgreement or the other related agreement or document, except as set forth in Section 5.6 of this Agreement.

Appears in 2 contracts

Samples: Voting Trust Agreement (Wellpoint Health Networks Inc /Ca/), Voting Trust Agreement (Wellpoint Health Networks Inc /Ca/)

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Limits on Trustee's Powers. The Trustee shall have only the powers set forth in this Agreement. It is expressly understood and agreed by the parties hereto that under no circumstances shall the Trustee be personally liable for the payment of any indebtedness or expenses of this Agreement except as set forth in Section 7.10, or be liable for the breach or failure of any obligation, representation, warranty or covenant made or obligation undertaken by the Trustee under this Agreement, except as set forth in this AgreementSection 7.10.

Appears in 1 contract

Samples: Excess Stock Trust Agreement (Kindred Healthcare Inc)

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