Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;
Breach of trust. The provisions of this Section 15 will not apply to any obligation or liability of Party B to the extent that it is not satisfied because under the Master Trust Deed, the corresponding Series Supplement or any other corresponding Transaction Document or by operation of law there is a reduction in the extent of Party B's indemnification out of the Assets of the relevant Series Trust, as a result of Party B's fraud, negligence or wilful default.
Breach of trust. ’ means a wrong- ful act, use, misappropriation, or omis- sion with respect to any property or fund which has been committed to a person in a fiduciary or official capac- ity, or the misuse of one’s official or fi- duciary position to engage in a wrong- ful act, use, misappropriation, or omis- sion.
Examples of Breach of trust in a sentence
Breach of trust is noticed during any stage of the consultancy assignment.