Common use of Trustee limitation Clause in Contracts

Trustee limitation. Officer’s and director’s limitation of liability: Despite anything stated or implied in this Agreement, the Council agrees that the officers and or directors of the Recipient enter into this Agreement as officers and directors of an incorporated society pursuant to the Incorporated Societies Xxx 0000 and not in any personal capacity. The Council acknowledges that the liability of the officers and or directors of the Recipient shall be limited to the assets of the Recipient from time to time unless such liability is occasioned by their wilful default or by their wilful acquiescence