Common use of No Liability for Acts of Predecessor Trustee Clause in Contracts

No Liability for Acts of Predecessor Trustee. No Trustee shall be responsible or liable for the acts or omissions of any predecessor Trustee, or of a custodian, agent, depositary or counsel selected with reasonable care.

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

AutoNDA by SimpleDocs

No Liability for Acts of Predecessor Trustee. No Trustee shall be responsible or liable for the acts or omissions of any predecessor Trustee, or of a custodian, agent, depositary or counsel selected with reasonable care.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

No Liability for Acts of Predecessor Trustee. No successor Trustee shall be responsible or in any way liable for the acts or omissions of any predecessor Trustee, or of Trustee unless a custodian, agent, depositary or counsel selected with reasonable caresuccessor Trustee expressly assumes such responsibility.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Sooner Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!