Common use of Trustee May Act Through Agents; Answerable Only for Willful Misconduct or Negligence Clause in Contracts

Trustee May Act Through Agents; Answerable Only for Willful Misconduct or Negligence. The Trustee may exercise any powers hereunder and perform any duties required of it through attorneys, agents, officers or employees, and shall be entitled to rely upon the advice of Counsel concerning all questions hereunder. The Trustee shall not be answerable for the default or misconduct of any attorney or agent selected by it with reasonable care. Except as otherwise provided herein, the Trustee shall not be answerable for the exercise of any discretion or power under this Indenture nor for anything whatever in connection with the trust hereunder, except only its own willful misconduct or negligence.

Appears in 1 contract

Samples: Indenture (Elite Pharmaceuticals Inc /De/)

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Trustee May Act Through Agents; Answerable Only for Willful Misconduct or Negligence. The Trustee may exercise execute any powers hereunder and perform any duties required of it through attorneys, agents, officers or employees, and shall be entitled to rely upon the advice of Counsel concerning all questions hereunder. The ; the Trustee shall not be answerable for the default or misconduct of any attorney or agent selected and supervised by it with reasonable care. Except as otherwise provided herein, the The Trustee shall not be answerable for the exercise of any discretion or power under this Master Indenture and any Supplemental Indenture nor for anything whatever in connection with the trust hereunder, except only its own negligence or willful misconduct or negligencehereunder.

Appears in 1 contract

Samples: Master Trust Indenture

Trustee May Act Through Agents; Answerable Only for Willful Misconduct or Negligence. The Trustee may exercise any powers hereunder and perform any duties required of it through attorneys, agents, officers or employees, and shall be entitled to rely upon on the advice of Counsel concerning all questions hereunderhereunder or under the Agreement. The Trustee shall not be answerable for the default default, negligence or misconduct of any attorney or agent selected by it with reasonable care. Except as otherwise provided herein, the Trustee shall not be answerable for the exercise of any discretion or power under this Indenture nor for anything whatever whatsoever in connection with the trust hereunder, except only its own willful misconduct or negligence.

Appears in 1 contract

Samples: Trust Indenture (Environmental Power Corp)

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Trustee May Act Through Agents; Answerable Only for Willful Misconduct or Negligence. The Trustee may exercise any powers hereunder and perform any duties required of it or if through attorneys, agents, officers or employees, and shall be entitled to rely upon the advice of Counsel concerning all questions hereunderhereunder and to rely on any such advice contained in a written opinion of such Counsel. The Trustee shall not be answerable for the default or misconduct of any attorney or agent selected by it with reasonable care. Except as otherwise provided herein, the Trustee shall not be answerable for the exercise of any discretion or power under this Indenture nor for anything whatever in connection with the trust hereunder, except only its own willful misconduct or negligence.

Appears in 1 contract

Samples: Trust Indenture (Middlesex Water Co)

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