No Liability to Receiver Sample Clauses
The "No Liability to Receiver" clause serves to protect the receiver from any legal responsibility or claims arising from their actions in a specified context, typically when acting under the authority of a court or agreement. In practice, this means that if the receiver, such as a court-appointed administrator or trustee, performs their duties in good faith and within the scope of their appointment, they cannot be held personally liable for losses or damages incurred. This clause is essential for encouraging individuals to accept the role of receiver by minimizing their personal risk and ensuring that they can carry out their responsibilities without fear of personal legal repercussions.
No Liability to Receiver. Save as aforesaid, the Security Trustee shall be under no liability to the Receiver for his remuneration, costs, charges or expenses.
No Liability to Receiver. WITHOUT LIMITATION OF THE FOREGOING, AS AN ESSENTIAL INDUCEMENT TO SELLER TO ENTER INTO THIS AGREEMENT, AND AS PART OF THE CONSIDERATION GIVEN HEREUNDER, PURCHASER ACKNOWLEDGES, UNDERSTANDS AND AGREES AS FOLLOWS: