Common use of Oversights of others Clause in Contracts

Oversights of others. Without limiting clause 18, but having regard to the limitations in the Trustee's duties, powers, authorities and discretions under this Deed, the Trustee and the Manager shall not be responsible for any act, omission, misconduct, mistake, oversight, error of judgment, forgetfulness or want of prudence on the part of any Relevant Party or agent appointed by the Trustee or the Manager or on whom the Trustee or the Manager is entitled to rely under this Deed (other than a Related Body Corporate), attorney, banker, receiver, barrister, solicitor, agent or other person acting as agent or adviser to the Trustee or the Manager except: (a) in the case of the Trustee, to the extent of losses, costs, claims or damages caused by the Trustee's fraud, negligence or Default; and (b) in the case of the Manager, to the extent of losses, costs, claims or damages caused or contributed to by its breach of its obligations under any Transaction Document, Page (80) Master Trust Xxxx Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- provided that nothing in this Deed or any other Transaction Document imposes any obligations on the Trustee to review or supervise the performance by any other party of its obligations.

Appears in 6 contracts

Samples: Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD), Master Trust Deed (Crusade Management LTD)

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