Common use of Protection of the Trustee Clause in Contracts

Protection of the Trustee. The Trustee shall not be responsible for the sufficiency or adequacy of any insurance herein required and shall be fully protected in accepting payment on account of such insurance or any adjustment, compromise or settlement of any loss agreed to by the District.

Appears in 3 contracts

Samples: Lease/Purchase Agreement, Lease/Purchase Agreement, Lease/Purchase Agreement

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Protection of the Trustee. The Trustee shall not be responsible for the sufficiency or adequacy of any insurance herein required and shall be fully protected in accepting payment on account of such insurance or any adjustment, compromise or settlement of any loss agreed to by RIDA and the DistrictCity.

Appears in 2 contracts

Samples: Sublease Agreement, Sublease Agreement

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