Common use of Representative Capacity Clause in Contracts

Representative Capacity. It is acknowledged and agreed that: (a) the CWT Trustee, Orpheus Trustees, Pleiades Trustees, RFTA Trustees and RFTB Trustees are entering into this Amendment in their respective capacities as trustees only and not in their individual capacities; (b) such trustees shall have no personal liability under or arising out of this Amendment or the transactions contemplated hereby; and (c) all payments to be made by the CWT Trustee, Orpheus Trustees, Pleiades Trustees, RFTA Trustees or RFTB Trustees as contemplated by this Amendment or the Operating Agreement shall be made from the assets of their respective trusts and not from the personal assets of any of such trustees individually.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Getty Investments LLC)

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Representative Capacity. It is acknowledged and agreed that: (a) the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees and RFTB Trustees are entering into this Amendment in their respective capacities as trustees only and not in their respective individual capacities; (b) such trustees shall have no personal liability under or arising out of this Amendment or the transactions contemplated hereby; and (c) all payments to be made by the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees or RFTB Trustees as contemplated by this Amendment or the Operating Agreement shall be made from the assets of their respective trusts and not from the personal assets of any of such trustees individually.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Getty Investments LLC)

Representative Capacity. It is acknowledged and agreed that: (a) the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees and RFTB Trustees are entering into this Amendment in their respective capacities as trustees only and not in their respective individual capacities; (b) such trustees shall have no personal liability under or arising out of this Amendment or the transactions contemplated hereby; and (c) all payments to be made by the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees or RFTB Trustees as contemplated by this Amendment or the Operating Agreement shall be made from the assets of their respective trusts and not from the personal assets of any of such trustees individually.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Getty Investments LLC)

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Representative Capacity. It is acknowledged and agreed that: (a) the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees and RFTB Trustees are entering into this Amendment in their respective capacities as trustees only and not in their individual capacities; (b) such trustees shall have no personal liability under or arising out of this Amendment or the transactions contemplated hereby; and (c) all payments to be made by the CWT Trustee, Orpheus Trustees, Pleiades GPGFT Trustees, RFTA Trustees or RFTB Trustees as contemplated by this Amendment or the Operating Agreement shall be made from the assets of their respective trusts and not from the personal assets of any of such trustees individually.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Getty Investments LLC)

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