No Liability for Acts of Predecessors Sample Clauses

No Liability for Acts of Predecessors. No successor Trustee shall be in any way responsible for the acts or omissions of any Trustee in office prior to the date on which such successor becomes the Trustee, unless a successor Trustee expressly assumes such responsibility.
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No Liability for Acts of Predecessors. No successor Litigation Trust Management shall be in any way responsible for the acts or omissions of any Litigation Trust Management in office prior to the date on which such successor becomes the Litigation Trust Management, unless a successor Litigation Trust Management expressly assumes such responsibility.
No Liability for Acts of Predecessors. No successor Liquidating Trustee shall be in any way responsible for the acts or omissions of any Liquidating Trustee in office prior to the date on which such successor becomes the Liquidating Trustee, unless a successor Liquidating Trustee expressly assumes such responsibility.
No Liability for Acts of Predecessors. No Realization Trustee or any successor Realization Trustee shall be in any way responsible for the acts or omissions of the Debtors, or officers, directors, agents, predecessors or successors thereof; or the Realization Trustee in office prior to the date on which such person becomes Realization Trustee, unless a successor Realization Trustee expressly assumes such responsibility.

Related to No Liability for Acts of Predecessors

  • No Liability for Interest Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest on any monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.

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