Responsibility for agents etc Clause Samples
The 'Responsibility for agents etc' clause establishes that a party is liable for the actions or omissions of individuals or entities acting on its behalf, such as employees, agents, or subcontractors. In practice, this means that if an agent or subcontractor breaches the contract or causes harm while performing duties related to the agreement, the party that engaged them remains responsible for those actions as if they were their own. This clause ensures accountability and prevents parties from avoiding liability by delegating tasks to third parties, thereby protecting the interests of the other contracting party.
Responsibility for agents etc. If the Trustee exercises reasonable care in selecting any custodian, agent, delegate or nominee appointed under this clause (an “Appointee”), it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. Notwithstanding anything to the contrary in this Deed and if the Trustee exercises due care in selecting any custodian, agent, delegate or nominee (an "Appointee"), it will not have any obligation to supervise or monitor the Appointee and shall not be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s acts or omissions, misconduct or default or any acts or omissions, negligence, misconduct, fraud or default of any substitute appointed by the Appointee.
Responsibility for agents etc. If the Trustee exercises reasonable care in selecting any attorney, manager, agent, delegate or other person appointed by the Trustee (each, an “Appointee”) it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand, or expense incurred by reason of the Appointee's misconduct or default or the misconduct or default of any substitute or sub-delegate appointed by the Appointee.”
(7) AMENDMENT OF CERTAIN PROVISIONS IN ARTICLE TWELVE AND
Responsibility for agents etc. The Trustee will not have any obligation to supervise any Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. The Debenture Trustee shall exercise due care in selecting any custodian, agent, delegate or nominee (an “Appointee”) and provide prior written intimation to the Issuer for such appointment. The Debenture Trustee will not have any obligation to supervise or monitor the Appointee and shall not be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s acts except for the losses incurred as a result of omission, misconduct or default or any acts or omissions, negligence, misconduct, fraud or default of any substitute appointed by the Appointee.
Responsibility for agents etc. If the Trustee exercises reasonable care in selecting any Appointee, it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the . Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. If the Bond Trustee exercises reasonable care in selecting any agent, delegate, custodian or nominee appointed under this Clause 8 (an “Appointee”), it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. If the Security Trustee exercises reasonable care in selecting any agent, delegate, custodian or nominee appointed under this Clause 20 (an “Appointee”), it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. The Note Trustee will not have any obligation to supervise any custodian, agent, delegate or nominee appointed under this clause (an "Appointee") or be responsible for any Liability incurred by reason of the Appointee's misconduct or default or the misconduct or default of any substitute appointed by the Appointee.
Responsibility for agents etc. If the Transaction Agent exercises reasonable care in selecting any agent or delegate appointed under this Clause 13 (Appointment of the Transaction Agent) (an “Appointee”), it will not have any obligation to supervise the Appointee or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s misconduct or default or the misconduct or default of any substitute appointed by the Appointee.