Common use of TRUSTEE'S LIABILITY Clause in Contracts

TRUSTEE'S LIABILITY. Nothing in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default or breach of duty of which it may be guilty in relation to its duties under these presents.

Appears in 4 contracts

Sources: Supplemental Trust Deed, Eighth Supplemental Trust Deed, Seventh Supplemental Trust Deed

TRUSTEE'S LIABILITY. Nothing NOTHING in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default default, breach of duty or breach of duty trust of which it may be guilty in relation to its duties under these presents.

Appears in 4 contracts

Sources: Supplemental Trust Deed (Cadbury Schweppes Public LTD Co), Fourth Supplemental Trust Deed (Cadbury Schweppes Public LTD Co), Supplemental Trust Deed (Cadbury Schweppes Public LTD Co)

TRUSTEE'S LIABILITY. Nothing in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default default, breach of duty or breach of duty trust of which it may be guilty in relation to its duties under these presents.

Appears in 3 contracts

Sources: Fifteenth Supplemental Trust Deed, Twelfth Supplemental Trust Deed, Thirteenth Supplemental Trust Deed

TRUSTEE'S LIABILITY. Nothing NOTHING in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability Liability for negligence, default, breach of duty or breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default or breach of duty of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Sources: Supplemental Trust Deed (Countrywide Credit Industries Inc), Trust Deed (Countrywide Credit Industries Inc)

TRUSTEE'S LIABILITY. Nothing NOTHING in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default or breach of duty of which it may be guilty in relation to its duties under these presents.

Appears in 2 contracts

Sources: Fifth Supplemental Trust Deed (Mbna Corp), Fourth Supplemental Trust Deed (Mbna Corp)

TRUSTEE'S LIABILITY. Nothing NOTHING in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach attaching to it in respect of any gross negligence, wilful default default, breach of duty or breach of duty of trust which it may be guilty incur in relation to its duties under these presents.

Appears in 1 contract

Sources: Trust Deed (PPL Electric Utilities Corp)

TRUSTEE'S LIABILITY. Nothing NOTHING in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default default, breach of duty or breach of duty trust of which it may be guilty in relation to its duties under these presents.. 36

Appears in 1 contract

Sources: Supplemental Trust Deed (Ibm Credit Corp)

TRUSTEE'S LIABILITY. Nothing in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability Liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default default, fraud or breach of duty trust of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Sources: First Supplemental Trust Deed (Countrywide Financial Corp)

TRUSTEE'S LIABILITY. Nothing in these presents shall in any case in which the Trustee has failed to show the degree of care and diligence required of it as trustee having regard to the provisions of these presents conferring on it any trusts, powers, authorities or discretions exempt the Trustee from or indemnify it against any liability for breach of trust or any liability which by virtue of any rule of law would otherwise attach to it in respect of any gross negligence, wilful default or breach of duty of which it may be guilty in relation to its duties under these presents.

Appears in 1 contract

Sources: Trust Deed (Pearson PLC)