Common use of LOSS OF DEPOSITS Clause in Contracts

LOSS OF DEPOSITS. No Trustee shall be liable for any loss which may occur by reason of the failure of the bank, trust company, savings and loan association, or other institution with whom moneys or shares have been deposited.

Appears in 3 contracts

Samples: Merger Agreement (Cv Reit Inc), Merger Agreement (Kranzco Realty Trust), Agreement and Plan of Combination (Rockefeller Center Properties Inc)

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LOSS OF DEPOSITS. No Trustee shall be liable for any loss which may occur by reason of the failure of the bank, trust company, savings and loan association, or other institution with whom moneys or shares of beneficial interest have been deposited.

Appears in 1 contract

Samples: Preferred Equity Investment Agreement (Mack Cali Realty L P)

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