Trustee Liability definition

Trustee Liability shall have the meaning assigned thereto in Section 8.05(b).
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Trustee Liability means any costs, charges, damages, expenses, losses,penalties or taxes which the Trustee or any Trustee may incur in connection with the Scheme.
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Trustee Liability means any liability or obligation (of any kind including, without limitation, for negligence, in tort, in equity, or under statute) of the Trustee which arises in any way under or in connection with this document or its performance, or any representation, warranty, conduct, omission, agreement or transaction made under or in connection with this document or its performance. Limitation of Liability (Licensor: One Managed Investment Funds Limited \\ Trust: CC Athena Trust) If the Principal is One Managed Investment Funds Limited and the Trust is CC Athena Trust, this clause applies. The parties acknowledge and agree that: the Trustee enters into this document in the capacity as trustee of the Trust and in no other capacity; except in the case of any liability of the Trustee under or in respect of this document resulting from the Trustee's fraud, negligence or breach of trust, the recourse for any person to the Trustee in respect of any obligations and liabilities of the Trustee under or in respect of this document is limited to the extent to which the Trustee is entitled to be and is in fact indemnified from the Assets of the Trust; and if any party (other than the Trustee) does not recover the full amount of any money owing to it arising from non-performance by the Trustee of any of its obligations, or non-payment by the Trustee of any of its liabilities, under or in respect of this document by enforcing the rights referred to in paragraph (a)(2) that party may not (except in the case of fraud, negligence or breach of trust by the Trustee) seek to recover the shortfall by: bringing proceedings against the Trustee in its personal capacity; or applying to have the Trustee wound up. In this clause: Assets means the property, rights and income of the Trust.
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Examples of Trustee Liability in a sentence

  • SECTION 8.15 No Trustee Liability for Actions or Inactions of Custodians.

  • I am of the opinion that all necessary Trust action precedent to the issue of the Shares has been duly taken, and that all the Shares were legally and validly issued, and are fully paid and non assessable, except as described in the funds' Statements of Additional Information under the heading "Shareholder and Trustee Liability".

  • Asset Trustee Liability ........................................................................

  • Shareholder and Trustee Liability Under Massachusetts law, Shareholders could, under certain circumstances, be held personally liable for the obligations of the BB&T Funds.

  • Trustee Liability (a) The Trustee shall be fully protected in relying on the written instructions and representations of any officer or agent of the Company, or of the Plan Administrator, after first having made prudent inquiry as to the truth or accuracy of such instructions or representations.

  • SECTION 8.15 No Trustee Liability for Actions or Inactions of Custodians................................

  • Shareholder and Trustee Liability Under Pennsylvania law, shareholders of a trust such as the Fund may, under certain circumstances, be held personally liable as partners for the obligations of the trust.

  • WITH THE TRUST AND IMPACT OF CORPORATE LAW Section 8.1 Generally 23 Section 8.2 Limitation of Trustee Liability 23 Section 8.3 Indemnification of Shareholders 23 Section 8.4 Indemnification of Trustees, Officers etc.

  • Section 4.03 GOVERNING LAW Section 4.04 Limitation of Owner Trustee Liability.

  • CONCERNING THE TRUSTEE 8 7.1 Certain Rights 8 7.2 Retention of Money 9 7.3 Successor Trustees 9 7.4 Perfection of Appointment 9 7.5 Trustee Liability 9 8.


More Definitions of Trustee Liability

Trustee Liability means any liability or obligation (of any kind including, without limitation, for negligence, in tort, in equity or under statute) of the relevant trustee which arises in any way under or in connection with this agreement or its performance, or any representation, warranty, conduct, omission, agreement or transaction made under or in connection with this agreement. 1.2 Interpretation In this agreement, unless the context otherwise requires: (a) headings and boldings are for convenience only and do not affect the interpretation of this agreement; (b) words importing the singular include the plural and vice versa; (c) words importing a gender include any gender; (d) where a word or phrase is given a particular meaning, other parts of speech and grammatical forms of a word or phrase defined in this agreement have a corresponding meaning; (e) an expression importing a natural person includes any individual, company, partnership, joint venture, association, corporation or other body corporate and any Government Agency; (f) no provision of this agreement will be construed adversely to a party solely on the ground that the party was responsible for the preparation of this agreement or that provision; (g) when the day on which an act must be done is not a Business Day, that act must be done on the following Business Day; (h) each of the rights, obligations and liabilities of the Sellers under this agreement are joint and several and will be borne by them jointly and severally; (i) any provision of this agreement that requires a party to use reasonable endeavours or all reasonable endeavours, or to take all steps reasonably necessary, to ensure that something is performed or occurs or does not occur does not include any obligation: to procure absolutely that that thing is done or happens; to pay any money or to provide any financial compensation, valuable consideration or any other incentive to or for the benefit of any person: 12
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Trustee Liability. As defined in SECTION 8.05(b).
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Trustee Liability xxxxx have the meanixx xxxixxxx xxereto in Section 8.05(b).
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Related to Trustee Liability

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Warranty Claim means any claim for breach of Warranty;

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 14.14(d).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Buyer Losses shall have the meaning set forth in Section 8.2.