Reliance by Trustee. Except as otherwise provided in Section 11(a) (i) The Trustee and the Trust Advisory Board may rely, and shall be protected in acting upon, any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, or other paper, document, spreadsheet, or database believed by it to be genuine and to have been signed or presented by the proper party or parties; and (ii) Except as otherwise provided in section 14(c), persons dealing with the Trustee or the Trust Advisory Board shall look only to Trust Property to satisfy any liability incurred by the Trustee or the Trust Advisory Board, other than in the case of fraud, willful misconduct, gross negligence, self-dealing, or ultra xxxxx acts, to such person in carrying out the terms of this Litigation Trust Agreement, and neither the Trustee, the Trust Advisory Board, its members, nor any of their respective designees, partners, affiliates, agents, employees, representatives, attorneys, or professionals shall have any personal obligation or recourse of any nature or kind whatsoever to satisfy any such liability, other than in the case of fraud, willful misconduct, gross negligence, self-dealing or ultra xxxxx acts.
Appears in 5 contracts
Samples: Litigation Trust Agreement, Litigation Trust Agreement, Litigation Trust Agreement
