Common use of Transferee Liability Clause in Contracts

Transferee Liability. In the event that any liability is asserted against the Trustees as recipients of the property transferred to the Trustees hereunder, on account of any claimed liability of or through the Company, the Trustees may use such part of the Trust Corpus as may be reasonable for contesting any such liability and in payment thereof, including reasonable attorneys' fees incurred in connection therewith.

Transferee Liability. In the event that any liability is asserted against the Trustees Trustee as recipients recipient of the property transferred to the Trustees Trustee hereunder, on account of any claimed liability of or through the CompanyCONTINAN, the Trustees Trustee may use such part of the Trust Corpus Estate as may be reasonable for contesting any such liability and in payment thereof, including reasonable attorneys' fees incurred in connection therewith.