Common use of No Liability of Trustee Clause in Contracts

No Liability of Trustee. Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s negligence), except for Trustee’s gross negligence or willful misconduct. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it hereunder, believed by it in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-named Trustee or its successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee harmless against, any and all liability and expenses which may be incurred by Trustee in the performance of its duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, release or other termination of this Deed of Trust.

Appears in 8 contracts

Samples: Security Agreement and Fixture Filing (Prospect Medical Holdings Inc), Security Agreement and Fixture Filing (Prospect Medical Holdings Inc), Security Agreement and Fixture Filing (Prospect Medical Holdings Inc)

AutoNDA by SimpleDocs

No Liability of Trustee. Trustee shall not be liable for any error of judgment or act done by Trustee in good faithTRUSTEE SHALL NOT BE LIABLE FOR ANY ERROR OF JUDGMENT OR ACT DONE BY TRUSTEE IN GOOD FAITH, or be otherwise responsible or accountable under any circumstances whatsoever OR BE OTHERWISE RESPONSIBLE OR ACCOUNTABLE UNDER ANY CIRCUMSTANCES WHATSOEVER (including Trustee’s negligenceINCLUDING TRUSTEE’S NEGLIGENCE), except for Trustee’s gross negligence or willful misconductEXCEPT FOR TRUSTEE’S GROSS NEGLIGENCE OR MISCONDUCT. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it hereunder, believed by it in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it hereunder. Grantor Trustee hereby ratifies and confirms any and all acts which the herein-named Trustee or its successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee harmless against, any and all liability and expenses which may be incurred by Trustee in the performance of its duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, release or other termination of this Deed of Trust.

Appears in 5 contracts

Samples: Pebblebrook Hotel Trust, Morgans Hotel Group Co., Maguire Properties Inc

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this County Deed of Trust.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor Xxxxxxx will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this County Deed of Trust.

Appears in 2 contracts

Samples: After Recording, And Security Agreement

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Amended and Restated Deed of Trust.

Appears in 2 contracts

Samples: Fund Loan Agreement, Loan Agreement

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 2 contracts

Samples: Deed of Trust (FSP Galleria North Corp), Security Agreement and Fixture Filing (FSP Phoenix Tower Corp)

No Liability of Trustee. Trustee Any trustee shall not be liable for any error of judgment or act done by Trustee any trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trusteetrustee’s negligence), except for Trusteetrustee’s gross negligence or willful misconduct. Trustee Any trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee any trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee any trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee any trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee any trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: Interline Resources Corp

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: And Security Agreement (American Medical Technologies Inc/De)

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by the Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including the Trustee’s 's negligence), except for the Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and the Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse the Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of TrustMortgage.

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s negligenceINCLUDING TRUSTEE'S NEGLIGENCE), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, against any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: Security Agreement (Arabian American Development Co)

AutoNDA by SimpleDocs

No Liability of Trustee. Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee and indemnify Trustee, his agents, employees, and attorneys, for, and save Trustee him harmless against, any and all liability and reasonable expenses which may be incurred by Trustee him in the performance of its his duties, except any liability or expense caused by Trustee's gross negligence or willful misconduct, it being the intention of Grantor to indemnify the indemnified parties against the consequences of their own negligence. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: Triathlon Broadcasting Co

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s gross negligence or 's willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), ) and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, trust shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which that may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness secured indebtedness or foreclosure, foreclosure or release or other termination of this Deed of Trust.

Appears in 1 contract

Samples: Greenbriar Corp

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor Xxxxxxx will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness secured indebtedness or foreclosure, or release or other termination termination, of this Deed of TrustMortgage.

Appears in 1 contract

Samples: Security Agreement and Financing Statement (Apartment Investment & Management Co)

No Liability of Trustee. Trustee Any trustee shall not be liable for any error of judgment or act done by Trustee any trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trusteetrustee’s negligence), except for Trusteetrustee’s gross negligence or willful misconduct. Trustee Any trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee any trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee any trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee any trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: Interline Resources Corp

No Liability of Trustee. The Trustee shall not be liable for any error of judgment or act done by Trustee in good faith, or be otherwise responsible or accountable under any circumstances whatsoever (including Trustee’s 's negligence), except for Trustee’s 's gross negligence or willful misconduct. The Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it him hereunder, believed by it him in good faith to be genuine. All moneys received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by it him hereunder. Grantor hereby ratifies and confirms any and all acts which the herein-herein named Trustee or its his successor or successors, substitute or substitutes, in this trust, shall do lawfully by virtue hereof. Grantor will reimburse Trustee for, and save Trustee him harmless against, any and all liability and expenses which may be incurred by Trustee him in the performance of its his duties. The foregoing indemnity shall not terminate upon discharge of the Secured Indebtedness secured indebtedness or foreclosure, or release or other termination termination, of this Deed of Trust.

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Time is Money Join Law Insider Premium to draft better contracts faster.