Not Trustee Clause Samples
The "NOT TRUSTEE" clause clarifies that a party to the agreement is not acting as a trustee or fiduciary for any other party involved. In practice, this means that the party does not hold assets, rights, or obligations on behalf of others and is not responsible for managing or safeguarding property for beneficiaries. This clause is commonly used to prevent any implication that a trust relationship exists, thereby ensuring that each party's responsibilities and liabilities are clearly defined and limited to their contractual roles.
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Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement, except for its role described in Clause 21.13, 21.14 and 21.15, and as described in the Overdraft Bank Agreements.
Not Trustee. It does not enter any Finance Document or hold any property as a trustee.
Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement, except for its role described in Clause 4.13, 4.14 and 4.15.
Not Trustee. Notwithstanding anything to the contrary herein contained, FBA shall not hold any funds in trust for CLIENT, its employees or its affiliates’ employees, and shall in no event be deemed to be a trustee for either of the parties regarding any sums covered by the Plan.
Not Trustee. The Agent is not acting as a trustee for any purpose in connection with the Finance Documents other than as expressly set out in the Security Trust Deed.
Not Trustee. The Buyer is not entering into this Agreement as trustee of any trust or settlement.
Not Trustee. Except as disclosed to the Ministry prior to the date of this Agreement, it is not a trustee of any trust or settlement and it does not enter into any Transaction Document, or hold any property, as a trustee.
Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement.