Common use of Trustee Liable for Negligence Clause in Contracts

Trustee Liable for Negligence. Nothing in this Trust Deed shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of this Trust Deed conferring on it any trusts, powers, authorities or discretions, relieve or indemnify it from or against any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, bad faith or wilful default, of which it or its officers and employees may be guilty in relation to its duties under this Trust Deed.

Appears in 2 contracts

Samples: Trust Deed (Gold Fields LTD), Trust Deed (Gold Fields LTD)

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Trustee Liable for Negligence. Nothing in this Trust Deed shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of this Trust Deed conferring on it any trusts, powers, authorities or discretions, relieve or indemnify it from or against any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, bad faith or wilful default, breach of duty or breach of trust of which it or its officers and employees may be guilty in relation to its duties under this Trust Deed.

Appears in 2 contracts

Samples: Trust Deed (Sibanye Gold LTD), Trust Deed (Gold Fields LTD)

Trustee Liable for Negligence. Nothing in this Trust Deed shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of this Trust Deed conferring on it any trusts, powers, authorities or discretions, relieve or indemnify it from or against any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, bad faith or wilful default, breach of duty or breach of trust of which it or its officers and employees may be guilty in relation to its duties under this Trust Deedguilty.

Appears in 1 contract

Samples: Trust Deed (Midamerican Energy Holdings Co /New/)

Trustee Liable for Negligence. Nothing in this Trust Deed shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee trustee, having regard to the provisions of this Trust Deed conferring on it any trusts, powers, authorities or discretions, relieve or indemnify it from or against any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, bad faith or wilful default, breach of duty or breach of trust of which it or its officers and employees may be guilty in relation to its duties under this Trust Deedguilty.

Appears in 1 contract

Samples: Supplemental Trust Deed

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Trustee Liable for Negligence. Nothing in None of the provisions of this Trust Deed shall in any case in which the Trustee has failed to show the degree of care and diligence required of by it as trustee trustee, having regard to the provisions of this Trust Deed conferring on it the Trustee any trusts, powers, authorities or discretions, relieve or indemnify it from the Trustee against any liability for breach of trust or against any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, bad faith or wilful default, breach of duty or breach of trust of which it or its officers and employees may be guilty in relation to its duties under this Trust Deed.

Appears in 1 contract

Samples: Trust Deed (Syngenta Ag)

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