Performance of Duties; Liability. Trustee shall perform and fulfill faithfully Trustee’s obligations hereunder but shall be under no duty to act until Trustee receives notice of the occurrence of an Event of Default from Agent and arrangements have been made which are satisfactory to Trustee for the indemnification to which Trustee is entitled, the payment of Trustee’s compensation and the reimbursement of any expenses Trustee may incur in the performance of Trustee’s duties. Trustee shall have no liability for Trustee’s acts unless Trustee is guilty of willful misconduct or gross negligence.
Appears in 4 contracts
Samples: Trust, Security Agreement (Carter Validus Mission Critical REIT, Inc.), Joinder Agreement (Dupont Fabros Technology, Inc.), Assignment and Acceptance Agreement (Republic Property Trust)
