Unknown Property and Liabilities. The Trustee shall be responsible for only the property delivered to it or registered in its name and shall have no duty to make, nor incur any liability for failing to make, any search for unknown property. The Trustee shall be responsible for only those liabilities of which it is informed, and shall have no duty to make, nor incur any liability for failing to make, any search for unknown liabilities. Trustee has been informed that there are no liabilities.
Appears in 6 contracts
Samples: Trust Agreement (Global Resource CORP), Trust Agreement (Continan Communications, Inc.), Trust Agreement (Global Resource CORP)
Unknown Property and Liabilities. The Trustee shall be responsible for only the property delivered to it them or registered in its name their names and shall have no duty to make, nor incur any liability for failing to make, any search for unknown property. The Trustee Trustees shall be responsible for only those liabilities and obligations of which it is informed, they are informed and shall have no duty to make, nor incur any liability for failing to make, any search for unknown liabilities. Trustee has been informed that there are no liabilities.
Appears in 2 contracts
Samples: Liquidating Trust Agreement (Consumers Financial Corp), Liquidating Trust Agreement (Consumers Financial Corp)
Unknown Property and Liabilities. The Litigation Trustee shall be responsible for only the that property delivered to it or registered in its name and shall have no duty to make, nor incur any liability for failing to make, any search for unknown property. The Trustee shall be responsible for only those liabilities of which it is informedhim, and shall have no duty to make, nor incur any liability for failing to make, any search for unknown liabilities. Trustee has been informed that there are no liabilitiesproperty or unknown claims of Beneficiaries.
Appears in 2 contracts
Samples: Litigation Trust Agreement (Supermedia Inc.), Litigation Trust Agreement
