Common use of TRUSTEES AND SHAREHOLDERS NOT LIABLE Clause in Contracts

TRUSTEES AND SHAREHOLDERS NOT LIABLE. (i) THE AMENDED AND RESTATED DECLARATION OF TRUST ESTABLISHING SIR, DATED MARCH 9, 2012, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS THERETO (THE “SIR DECLARATION”) IS DULY FILED IN THE OFFICE OF THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND, PROVIDES THAT THE NAME “SELECT INCOME REIT” REFERS TO THE TRUSTEES UNDER THE SIR DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF SIR SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, SIR. ALL PERSONS DEALING WITH SIR, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF SIR FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION.

Appears in 3 contracts

Samples: Registration Agreement (CommonWealth REIT), Registration Agreement (CommonWealth REIT), Registration Agreement (Select Income REIT)

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TRUSTEES AND SHAREHOLDERS NOT LIABLE. (i) THE AMENDED AND RESTATED DECLARATION OF TRUST ESTABLISHING SIRGOV, DATED MARCH 9JUNE 8, 20122009, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS THERETO (THE “SIR GOV DECLARATION”) IS DULY FILED IN THE OFFICE OF THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND, PROVIDES THAT THE NAME “SELECT GOVERNMENT PROPERTIES INCOME REITTRUST” REFERS TO THE TRUSTEES UNDER THE SIR GOV DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF SIR GOV SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, SIRGOV. ALL PERSONS DEALING WITH SIRGOV, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF SIR GOV FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION.

Appears in 2 contracts

Samples: Registration Agreement (Government Properties Income Trust), Registration Agreement (CommonWealth REIT)

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