Liability of the Trust. The obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but shall bind only the assets and property of the Trust as provided in its Declaration of Trust.
Liability of the Trust. (a) The Trust shall be liable for payments in respect of the Notes in accordance herewith only to the extent of the obligations specifically undertaken by the Trust herein.
Liability of the Trust. The Declaration of Trust states and notice is hereby given that this Agreement is not executed on behalf of the Trustees of the Trust as individuals, and that the obligations of this Agreement are not binding upon any of the Trustees, officers or shareholders or partners of the Trust individually, but are binding only upon the assets and property of the Trust.
Liability of the Trust. The parties hereto acknowledge that Pxxxxxxxx Law Professional Corporation is entering into this agreement solely in its capacity as authorized attorney on behalf of USCo and the obligations of USCo hereunder shall not be personally binding upon Pxxxxxxxx Law Professional Corporation or Sxxx Xxxxxxxxx or any holder of USCo Common Stock and that any recourse against USCo, Pxxxxxxxx Law Professional Corporation or any holder of USCo Common Stock in any manner in respect of any indebtedness, obligation or liability of USCo arising hereunder or arising in connection herewith or from the matters to which this agreement relates, if any, including without limitation claims based on negligence or otherwise tortious behaviour, shall be limited to, and satisfied only out of, a Trust Fund at the option of USCo, at its exclusive cost.
Liability of the Trust. The Trustee warrants that the Trustee is authorized pursuant to the terms of the Trust to open and operate the Account pursuant to the terms and conditions of this Agreement. The Trustee further acknowledges and agrees that any fees, charges, or liabilities imposed upon the Trustee pursuant to this Agreement are accepted by the Trustee both in their personal capacity and on behalf of the Trust and, to the full extent permitted by law, both the Trustee and the Trust shall be liable and accountable. The Trustee further represents and agrees that acceptance of the obligations and liabilities on behalf of the Trust and exercise of the Financial Institution’s rights pursuant to this Agreement does not constitute a breach of the terms of the Trust. This representation is a continuing representation on which the Financial Institution relies and it is the sole obligation of the Trustee to inform the Financial Institution if at any time it becomes untrue or inaccurate. The Financial Institution may, in its sole discretion, require that the Trustee provide confirmation of this representation in the form of an independent legal opinion, or in such other manner or form as may reasonably be required by and is acceptable to the Financial Institution. The Trustee has sought independent legal and tax advice relating to the establishment or operation of the Trust, or knowingly declined to do so at the Trustee’s own risk.
Liability of the Trust. It is expressly agreed that the ---------------------- obligations of the Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Fund, as provided in the Master Trust Agreement of the Trust. The execution and delivery of the Agreement have been authorized by the Trustees and the sole shareholder of the Fund shares and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such Trustees and shareholder nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the Trust property of the Fund as provided in its Master Trust Agreement. The obligations of this Agreement shall be binding only upon the assets and property of the Fund and not upon the assets and property of any other sub-trust of the Trust.
Liability of the Trust. Cash Manager And Any Co-Trust Cash Manager......................................54 10.2
Liability of the Trust. The parties hereto acknowledge that Harvest is entering into this agreement solely in its capacity as authorized attorney on behalf of Harvest Energy Trust and the obligations of Harvest Energy Trust hereunder shall not be personally binding upon the Trustee, Harvest or any holder of Harvest Trust Units and that any recourse against Harvest Energy Trust, the Trustee, Harvest or any holder of Harvest Trust Units in any manner in respect of any indebtedness, obligation or liability of Harvest Energy Trust arising hereunder or arising in connection herewith or from the matters to which this agreement relates, if any, including without limitation claims based on negligence or otherwise tortious behaviour, shall be limited to, and satisfied only out of, the Trust Fund as defined in the Trust Indenture dated as of September 27, 2002 as amended from time to time.
Liability of the Trust. 49.1 The Council shall not be liable to indemnify the Trust, its officers, servants, employees or agents against any demands, liability, damages, losses, costs, claims or proceedings whatsoever suffered or incurred by the Trust, its officers, servants, employees or agents howsoever arising except for any loss directly arising from proven negligence on the part of the Council, its servants or agents. Damages arising from such proven negligence shall be limited to direct and unavoidable losses and the Trust shall take all reasonable steps to mitigate such losses.
Liability of the Trust. The Declaration provides that the name streetTRACKS(SM) Series Trust means the Trustees from time to time serving (as Trustees but not personally) under the Declaration. It is expressly acknowledged and agreed that the obligations of the Trust hereunder shall not be binding upon any of the shareholders, Trustees, officers, employees or agents of the Trust, personally, but shall bind only the trust property of the Trust, as provided in the Declaration. The execution and delivery of this Agreement have been authorized by the Trustees of the Trust and signed by an officer of the Trust, acting as such, and neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the trust property of the Trust as provided in the Declaration.
