Common use of NO LIABILITY EXCEPT FOR NEGLIGENCE ETC Clause in Contracts

NO LIABILITY EXCEPT FOR NEGLIGENCE ETC. Except to the extent caused by the fraud, negligence or Default on its part or on the part of any of its officers or employees, or any agents or delegate, sub-agent, sub-delegate employed by the Trustee in accordance with this Deed (and where this Deed provides that the Trustee is liable for the acts or omissions of any such person) or by the Manager to carry out any transactions contemplated by this Deed, the Trustee shall not be liable personally for any losses, costs, liabilities or claims arising from the failure to pay moneys on the due date for payment to any Noteholder, any Beneficiary, the Manager or any other person or for any loss howsoever caused in respect of any of the Trusts or to any Noteholder, any Beneficiary, the Manager or other person.