Common use of Trustee’s Covenants Clause in Contracts

Trustee’s Covenants. Trustee, by its acceptance hereof, covenants faithfully to perform and fulfill the trusts herein created, being liable, however, only for gross negligence or willful misconduct, and hereby waives any statutory fee and agrees to accept reasonable compensation, in lieu thereof, for any services rendered by it in accordance with the terms hereof.

Appears in 3 contracts

Samples: Deed of Trust and Security Agreement (Bluerock Residential Growth REIT, Inc.), Leasehold Deed of Trust, Security Agreement and Fixture Filing (Grubb & Ellis Healthcare REIT II, Inc.), Deed of Trust and Security Agreement (Micro Linear Corp /Ca/)

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Trustee’s Covenants. Trustee, by its acceptance hereof, covenants faithfully to perform and fulfill the trusts herein created, being liable, however, only for gross negligence or willful intentional misconduct, and hereby waives any statutory fee and agrees to accept reasonable compensation, in lieu thereof, for any services rendered by it in accordance with the terms hereoffee.

Appears in 2 contracts

Samples: Credit Agreement (Consol Energy Inc), Revolving Credit Facility (Consol Energy Inc)

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