Common use of Trustee's Liability Clause in Contracts

Trustee's Liability. NOTHING in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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.

Appears in 4 contracts

Samples: Eighth Supplemental Trust Deed (Portugal Telecom SGPS Sa), Eighth Supplemental Trust Deed (PT Portugal, SGPS, S.A.), Seventh Supplemental Trust Deed (Portugal Telecom SGPS Sa)

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Trustee's Liability. NOTHING Nothing in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for any breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Samples: Trust Deed (Luxottica Group Spa), Trust Deed (Luxottica Group Spa)

Trustee's Liability. NOTHING Nothing in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for any gross negligence, wilful default or for breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Samples: Trust Deed, Trust Deed

Trustee's Liability. NOTHING ‌ Nothing in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for any gross negligence, wilful default or for breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Samples: Trust Deed

Trustee's Liability. NOTHING Nothing in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Samples: Trust Deed (Texas Utilities Co /Tx/)

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Trustee's Liability. NOTHING in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for breach of trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Samples: Trust Deed (United Utilities PLC)

Trustee's Liability. NOTHING Nothing in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for negligence, default, breach of duty or breach of trust of which it may be guilty.

Appears in 1 contract

Samples: Trust Deed

Trustee's Liability. NOTHING in these presents shall exempt the Trustee from or indemnify it against any liability for breach of trust 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 discretionsdiscretions exempt the Trustee from or indemnify it against any liability for breach of trust.

Appears in 1 contract

Samples: Trust Deed (United Utilities PLC)

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