Common use of No Assumption of Liability Clause in Contracts

No Assumption of Liability. By executing this Agreement, none of the Trustees assumes any personal liability hereunder. The Trust Agreement was executed or made by or on behalf of the Trust by the Trustees as trustees and not individually and the obligations of this Agreement are not binding upon any of them or the holders of the Securities individually but are binding only upon the assets and property of the Trust.

Appears in 10 contracts

Samples: Paying Agent Agreement (2017 Mandatory Exchangeable Trust), Administration Agreement (2017 Mandatory Exchangeable Trust), Custodian Agreement (2010 Swift Mandatory Common Exchange Security Trust)

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No Assumption of Liability. By executing this Agreement, none of the Trustees assumes any personal liability hereunder. The Trust Agreement was executed or made by or on behalf of the Trust by the Trustees as trustees and not individually and the obligations of this Agreement are not binding upon any of them or the holders of the Trust Securities individually but are binding only upon the assets and property of the Trust.

Appears in 4 contracts

Samples: Fund Expense Agreement (2017 Mandatory Exchangeable Trust), Fund Indemnity Agreement (2017 Mandatory Exchangeable Trust), Fund Indemnity Agreement (Mandatory Exchangeable Trust)

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No Assumption of Liability. By executing this Agreement, none of the Trustees assumes any personal liability hereunderunder this Agreement. The Trust Agreement was executed or made by or on behalf of the Trust by the Trustees as trustees and not individually and the obligations of this Agreement are not binding upon any of them or the holders of the Securities individually but are binding only upon the assets and property of the Trust.

Appears in 3 contracts

Samples: Fund Indemnity Agreement (2010 Swift Mandatory Common Exchange Security Trust), Forward Purchase Agreement (2010 Swift Mandatory Common Exchange Security Trust), Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust)

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