Common use of Trustee Liability Clause in Contracts

Trustee Liability. If the PHO is a charitable trust, the DHB agrees that the PHO's trustees’ liability under this Agreement is limited to the assets of the trust, unless the liability arises due to the trustee failing to act prudently, lawfully and in accordance with the trust deed. For the purposes of this clause, trustee means any trustee acting in its capacity as a trustee from time to time, including any former trustee.

Trustee Liability. If the PHO is a charitable trust, the DHB agrees that the PHO's trustees’ liability under this Agreement is limited to the assets of the trust, unless the liability arises due to the trustee failing to act prudently, lawfully and in accordance with the trust deeddeed . For the purposes of this clause, trustee means any trustee acting in its capacity as a trustee from f rom time to time, including any former trustee.