Common use of Trustee's Liability Clause in Contracts

Trustee's Liability. NOTHING in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 4 contracts

Samples: Supplemental Trust Deed (Cadbury Public LTD Co), Fourth Supplemental Trust Deed (Cadbury Schweppes Public LTD Co), Supplemental Trust Deed (Cadbury Schweppes Public LTD Co)

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Trustee's Liability. NOTHING Nothing in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, default, wilful default or breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 3 contracts

Samples: Eighth Supplemental Trust Deed, Seventh Supplemental Trust Deed, Supplemental Trust Deed

Trustee's Liability. NOTHING Nothing in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Samples: Twelfth Supplemental Trust Deed, Thirteenth Supplemental Trust Deed

Trustee's Liability. NOTHING in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, default or breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Samples: Fifth Supplemental Trust Deed (Mbna Corp), Fourth Supplemental Trust Deed (Mbna Corp)

Trustee's Liability. NOTHING in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability Liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Samples: Supplemental Trust Deed (Countrywide Credit Industries Inc), Trust Deed (Countrywide Credit Industries Inc)

Trustee's Liability. NOTHING Nothing in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability Liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default, breach of duty fraud or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Samples: First Supplemental Trust Deed (Countrywide Financial Corp)

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Trustee's Liability. NOTHING in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.. 36

Appears in 1 contract

Samples: Supplemental Trust Deed (Ibm Credit Corp)

Trustee's Liability. NOTHING in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach attaching to it in respect of any negligence, default, breach of duty or breach of trust of which it may be guilty incur in relation to its duties under these presents.

Appears in 1 contract

Samples: Trust Deed (PPL Electric Utilities Corp)

Trustee's Liability. NOTHING Nothing in these presents 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 these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any negligence, default, default or breach of duty or breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Samples: Trust Deed (Pearson PLC)

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