Common use of No Liability for Acts of Predecessors Clause in Contracts

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.

Appears in 3 contracts

Samples: dr201.s3.amazonaws.com, Litigation Trust Agreement (Jennifer Convertibles Inc), American Lafrance LLC Creditors Trust Agreement

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No Liability for Acts of Predecessors. No successor Litigation Trustee shall be in any way responsible for the acts or omissions of any Litigation Trustee in office prior to the date on which such successor becomes the Litigation Trustee, unless a successor Litigation Trustee expressly assumes such responsibility.

Appears in 1 contract

Samples: Litigation Trust Agreement

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

Appears in 1 contract

Samples: Liquidating Trust Agreement (Lone Star Liquidating Trust)

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No Liability for Acts of Predecessors. No successor Litigation Trustee shall be in any way liable or responsible for the acts or omissions of any Litigation Trustee in office prior to the date on which such successor becomes the Litigation Trustee, unless a successor Litigation Trustee expressly assumes such liability or responsibility.

Appears in 1 contract

Samples: Litigation Trust Agreement and Declaration of Trust (Cano Health, Inc.)

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