Common use of Release of Trustee Clause in Contracts

Release of Trustee. It is expressly understood and agreed by the parties hereto that (a) this Mortgage is executed and delivered for XxxxXxxxx Mississippian Trust II, as Mortgagee hereunder, by The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) not individually or personally, but solely as Trustee on behalf of XxxxXxxxx Mississippian Trust II in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage. Mortgagor hereby unconditionally and irrevocably releases the Trustee from any and all claims of Mortgagor, whether now existing or arising in the future, arising out of, based upon, or otherwise related to, any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage.

Appears in 3 contracts

Samples: SandRidge Mississippian Trust II, SandRidge Mississippian Trust II, SandRidge Mississippian Trust II

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Release of Trustee. It is expressly understood and agreed by the parties hereto that (a) this Mortgage is executed and delivered for XxxxXxxxx Mississippian Trust IIChesapeake Granite Wash Trust, as Mortgagee hereunder, by The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) not individually or personally, but solely as Trustee on behalf of XxxxXxxxx Mississippian Chesapeake Granite Wash Trust II in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage. Mortgagor hereby unconditionally and irrevocably releases the Trustee from any and all claims of Mortgagor, whether now existing or arising in the future, arising out of, based upon, or otherwise related to, any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage.

Appears in 3 contracts

Samples: Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust), Mortgage With Power of Sale (Chesapeake Granite Wash Trust)

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Release of Trustee. It is expressly understood and agreed by the parties hereto that (a) this Mortgage is executed and delivered for XxxxXxxxx Mississippian Mississipian Trust III, as Mortgagee hereunder, by The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) not individually or personally, but solely as Trustee on behalf of XxxxXxxxx Mississippian Mississipian Trust II I in the exercise of the powers and authority conferred and vested in it and (b) under no circumstances shall the Trustee be liable for any liability of the Trust or for any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage. Mortgagor hereby unconditionally and irrevocably releases the Trustee from any and all claims of Mortgagor, whether now existing or arising in the future, arising out of, based upon, or otherwise related to, any action taken or not taken by the Trust or Trustee under or in connection with this Mortgage.

Appears in 2 contracts

Samples: Mortgage (SandRidge Mississippian Trust I), SandRidge Mississippian Trust I

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