Common use of Reliance by Trustees Clause in Contracts

Reliance by Trustees. (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion. (b) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability incurred by the Trustees to such Person in carrying out the terms of the Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability. (c) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees or their agents liable, nor shall the Trustees be liable to anyone for such omission.

Reliance by Trustees. Except as otherwise provided in Section 7.1: (a) The Trustees may rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, or other paper or document believed by them to be genuine and to have been signed or presented by the proper party or parties. (b) The Trustees may consult with legal counsel, auditors or other experts to be selected by them them, including firms of which a Trustee may be a member, and the advice or opinion of such counsel, auditors, auditors or other experts shall be full and complete personal protection to the Trustees all Trustees, employees and agents of the Trust in respect of any action taken or suffered by the Trustees them in good faith and in the reliance on, or in accordance with, such advice or opinion. (bc) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability incurred by the Trustees to such Person in carrying out the terms of the this Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability. (cd) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, thereunder and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided provided, however, that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees Trustees, or their agents liable, liable nor shall the Trustees be liable to anyone for such omission.

Reliance by Trustees. Except as otherwise expressly provided in any provision of Section 7.1: (a) The Trustees may rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order or other paper or document believed by them to be genuine and to have been signed or presented by the proper party or parties; (b) The Trustees may consult with legal counsel, auditors or other experts to be selected by them them, and the advice or opinion of such counsel, auditors, auditors or other experts shall be full and complete personal protection to the Trustees all Trustees, employees and agents of the Trust in respect of any action taken or suffered omitted by the Trustees them in good faith and in the reliance on, or in accordance with, such advice or opinion.; (bc) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability Liability (including any Transferee Liability, if any) incurred by the Trustees to such Person under this Agreement or otherwise in carrying out the terms of the this Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability.Liability (including any Transferee Liability, if any); and (cd) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, thereunder and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided provided, however, that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees or their agents liable, liable in any manner nor shall the Trustees be liable to anyone any Person for such omission.

Reliance by Trustees. Except as otherwise provided in Section 7.1: (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them it and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion. (b) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability incurred by the Trustees to such Person in carrying out the terms of the Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability. (c) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees or their agents liable, nor shall the Trustees be liable to anyone for such omission.

Reliance by Trustees. Except as otherwise provided in Section 7.1: (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them it, and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion.; (b) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability incurred by the Trustees to such Person in carrying out the terms of the Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability.; and (c) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees or their agents liable, nor shall the Trustees be liable to anyone for such omission.

Reliance by Trustees. Except as otherwise provided in Section 7.1: (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them them, and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion. (b) Persons dealing with the Trustees shall look only to the Trust Assets to satisfy any liability incurred by the Trustees to such Person in carrying out the terms of the Trust, and the Trustees shall have no personal or individual obligation to satisfy any such liability. (c) As far as reasonably practicable, the Trustees shall cause any written instrument creating an obligation of the Trust to include a reference to this Agreement and to provide that neither the Beneficiaries, the Trustees nor their agents shall be liable thereunder, and that the other parties to such instrument shall look solely to the Trust Assets for the payment of any claim thereunder or the performance thereof; provided that the omission of such provision from any such instrument shall not render the Beneficiaries, the Trustees or their agents liable, nor shall the Trustees be liable to anyone for such omission.