No Liability for Good Faith Error of Judgment. The Liquidating Trustee shall not be liable for any error of judgment made in good faith, unless it shall be proved that the Liquidating Trustee was grossly negligent in ascertaining the pertinent facts.
Appears in 2 contracts
Samples: Liquidating Trust Agreement, Liquidating Trust Agreement
No Liability for Good Faith Error of Judgment. The Liquidating Trustee shall not be liable for any error of judgment made in good faith, unless it shall be proved finally determined by a Final Order that the Liquidating Trustee was grossly negligent in ascertaining the pertinent facts.
Appears in 2 contracts
Samples: Liquidating Trust Agreement, Liquidating Trust Agreement
No Liability for Good Faith Error of Judgment. The Liquidating Liquidation Trustee shall not be liable for any error of judgment made in good faith, unless it shall be proved that the Liquidating Liquidation Trustee was grossly negligent in ascertaining the pertinent facts.
Appears in 1 contract
Samples: Liquidation Trust Agreement (Hechinger Liquidation Trust)
