Notice of Non-liability. Under the Delaware Business Trust Act and Sections 3.3 and 3.4 of the Declaration of Trust, neither the Shareholders, the Trustees nor any other members of the Board of the Trust shall be personally liable hereunder, and the Escrow Agent expressly agrees to look solely to the Trust's property for the satisfaction of any claims hereunder against the Trust or the Security Holders.
Appears in 2 contracts
Samples: Security Escrow Agreement (Baron Capital Trust), Security Escrow Agreement (Baron Capital Properties Lp)
Notice of Non-liability. Under the Delaware Business Trust Act and Sections 3.3 and 3.4 of the Declaration of TrustDeclaration, neither the Shareholders, the Trustees nor any other members of the Board of the Trust shall be personally liable hereunder, and the Escrow Agent expressly agrees to Management Company shall look solely to the Trust's Trust property for the satisfaction of any claims claim hereunder against the Trust or the Security HoldersTrust.
Appears in 2 contracts
Samples: Trust Management Agreement (Baron Capital Trust), Trust Management Agreement (Baron Capital Trust)
Notice of Non-liability. Under the Delaware Business Trust Act and Sections 3.3 and 3.4 of the Declaration of TrustDeclaration, neither the Shareholders, the Trustees nor any other members of the Board of the Trust theTrust shall be personally liable hereunder, and the Security Holders and the Escrow Agent expressly agrees to shall look solely to the Trust's property for the satisfaction of any claims hereunder against the Trust or the Security HoldersTrust.
Appears in 1 contract
Notice of Non-liability. Under the Delaware Business Trust Act and Sections 3.3 and 3.4 of the Declaration of TrustDeclaration, neither the Shareholders, the Trustees nor any other members of the Board of the Trust shall be personally liable hereunder, and the Security Holders and the Escrow Agent expressly agrees to shall look solely to the Trust's property for the satisfaction of any claims hereunder against the Trust or the Security HoldersTrust.
Appears in 1 contract
Samples: Security Escrow Agreement (Baron Capital Properties Lp)