Common use of LIABILITY OF VOTING TRUSTEES Clause in Contracts

LIABILITY OF VOTING TRUSTEES. The Voting Trustees shall exercise their best judgment in voting the Shares or otherwise in acting hereunder but shall not be liable to any person hereunder for any thing done or suffered or omitted in connection therewith except for their own individual willful misconduct or gross negligence. No Voting Trustee shall be required to give any bond or other security for the discharge of his duties.

Appears in 4 contracts

Samples: Voting Trust Agreement (Axa), Voting Trust Agreement (Axa Financial Inc), Voting Trust Agreement (Axa Financial Inc)

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LIABILITY OF VOTING TRUSTEES. The Voting Trustees shall exercise their best judgment in voting the Shares or otherwise in acting hereunder but shall not be liable to any person hereunder for any thing anything done or suffered or omitted in connection therewith except for their own individual willful misconduct or gross negligence. No Voting Trustee shall be required to give any bond or other security for the discharge of his duties.

Appears in 1 contract

Samples: Voting Trust Agreement (Axa Financial Inc)

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