Common use of Responsibility for agents etc Clause in Contracts

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. Notwithstanding anything to the contrary in this Deed and if If the Trustee exercises due has exercised reasonable care in selecting any custodian, agent, delegate or nominee appointed under this Trust Deed (an "Appointee"), it will not have any obligation to supervise or monitor the Appointee and shall not or be responsible for any loss, liability, cost, claim, action, demand or expense incurred by reason of the Appointee’s acts or omissionsmisconduct, misconduct fraud, negligence, act, omission or default or any acts or omissionsthe misconduct, fraud, negligence, misconductact, fraud omission or default of any substitute appointed by the Appointee.