Common use of Trustee's Liability Clause in Contracts

Trustee's Liability. No Trustee shall be liable for acts or defaults of any other Trustee or for acts or defaults of any agent or other Trustee. The Trustees shall be free from liability in acting upon any paper, document or signature believed by them to be genuine and to have been signed by the proper party. The Trustees shall not be liable for any error of judgment nor for any act done or omitted, nor for any mistake of fact or law, nor for anything that they may do or refrain from doing in good faith, nor generally shall the Trustees have any accountability pursuant to this Agreement, except that each Trustee shall be liable for his or her own willful default or gross negligence. The Trustees may be advised by legal counsel, and any action under this Agreement taken or suffered in good faith by them in accordance with the opinion of counsel shall be conclusive on the parties to this Agreement, and the Trustees shall be fully protected and be subject to no liability in respect to any action taken or suffered under this Agreement.

Trustee's Liability. No Trustee shall be liable for acts or defaults of any other Trustee or for acts or defaults of an agent of any agent or other Trustee. The Trustees Trustee shall be free from liability in acting upon any paper, document document, or signature believed by them Trustee to be genuine and to have been signed by the proper party. The Trustees Trustee shall not be liable for any error of judgment nor for any act done or omitted, nor for any mistake of fact or law, nor for anything that they the Trustee may do or refrain from doing in good faith, nor generally shall the Trustees Trustee have any accountability pursuant to this Agreement, except that each the Trustee shall be liable for his or her the Trustee's own willful default or gross negligence. The Trustees Trustee may be advised by legal counsel, and any action under this Agreement taken or suffered in good faith by them Trustee in accordance with the opinion of counsel shall be conclusive on the parties to this Agreement, and the Trustees Trustee shall be fully protected and be subject to no liability in respect to any action taken or suffered under this Agreement.

Trustee's Liability. No Trustee shall be liable for acts or defaults of any other Trustee Trustee, or for acts or defaults of any agent or of any other Trustee. The Trustees shall be free from liability in acting upon any paper, document document, or signature believed by them to be genuine and to have been signed by the proper party. The Trustees shall not be liable for any error of judgment judgment, nor for any act done or omitted, nor for any mistake of fact or law, nor for anything that which they may do or refrain retrain from doing in good faith, nor generally shall the Trustees have any accountability pursuant to this Agreementhereunder, except that each Trustee shall be liable for his or her own willful default or gross negligence. The Trustees may be advised by seek the advice of legal counsel, and any action under this Agreement taken or suffered in good faith by any of them in accordance with the opinion of counsel shall be conclusive on the parties to this Agreement, Agreement and the Trustees shall be fully protected and be subject to no liability in respect to any action taken or suffered under this Agreementthereto.