Trustee Liability definition

Trustee Liability shall have the meaning assigned thereto in Section 8.05(b).
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Trustee Liability means any costs, charges, damages, expenses, losses,penalties or taxes which the Trustee or any Trustee may incur in connection with the Scheme.
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Trustee Liability means any liability or obligation (of any kind including, without limitation, for negligence, in tort, in equity or under statute) of the relevant trustee which arises in any way under or in connection with this agreement or its performance, or any representation, warranty, conduct, omission, agreement or transaction made under or in connection with this agreement. 1.2 Interpretation In this agreement, unless the context otherwise requires: (a) headings and boldings are for convenience only and do not affect the interpretation of this agreement; (b) words importing the singular include the plural and vice versa; (c) words importing a gender include any gender; (d) where a word or phrase is given a particular meaning, other parts of speech and grammatical forms of a word or phrase defined in this agreement have a corresponding meaning; (e) an expression importing a natural person includes any individual, company, partnership, joint venture, association, corporation or other body corporate and any Government Agency; (f) no provision of this agreement will be construed adversely to a party solely on the ground that the party was responsible for the preparation of this agreement or that provision; (g) when the day on which an act must be done is not a Business Day, that act must be done on the following Business Day; (h) each of the rights, obligations and liabilities of the Sellers under this agreement are joint and several and will be borne by them jointly and severally; (i) any provision of this agreement that requires a party to use reasonable endeavours or all reasonable endeavours, or to take all steps reasonably necessary, to ensure that something is performed or occurs or does not occur does not include any obligation: to procure absolutely that that thing is done or happens; to pay any money or to provide any financial compensation, valuable consideration or any other incentive to or for the benefit of any person: 12
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Examples of Trustee Liability in a sentence

  • SECTION 8.15 No Trustee Liability for Actions or Inactions of Custodians.

  • Liability riskAviva has negligible exposure to litigation risks on the insurance side through liability contracts such as professional indemnity for Directors and Officers and Pension Trustee Liability insurances.

  • The Trustee may protect itself and any Trustee director from any Trustee Liability by purchasing an insurance policy.

  • Insuring Clause 5: Trustee Liability We will pay, on behalf of the Trustee, Loss resulting from Claims first made against the Trustee and notified to Us during the Period of Insurance, based on Trustee Wrongful Acts in connection with the Superannuation Fund.

  • TRUSTEE LIABILITY 5 Third Party Rights 23 Trustee Liability Insuring Clauses 5 Transactions Changing Coverage 23 Trustee Limit of Indemnity 5 Insurance Act 2015 23 Trustee Extensions 5 VIII.

  • The Issuer and Holders acknowledge that the Trustee incurs the Trustee Liabilities solely in its capacity as trustee of the Trust and agree that (to the maximum extent permitted by law) the Trustee will cease to have any Trustee Liability if the Trustee ceases for any reason to be trustee of the Trust.

  • Pension Trustee Liability Section Extensions The following Extensions to the Cover are afforded solely with respect to any Claim first made during the Period of Insurance (or Discovery Period, if applicable) and notified to the Insurer in accordance with the Claim Notification Condition, and are also subject to the general Limits, Conditions and Exclusions of this Section and the Policy.

  • Clients who makes a net desposit between USD 1,500 and USD 3,000 and still wishes to have AIG Trustee Liability Insurance is required to pay an additional one-time fee of USD 50.

  • There will be no exoneration or indemnity by the Principal Employer under Clause 2.6 (Trustee Liability) or 2.7 (Trustee Director Liability) above to the extent that the Trustees (or the directors) have successfully recovered under an indemnity under an insurance arrangement.

  • I am of the opinion that all necessary Trust action precedent to the issue of the Shares has been duly taken, and that all the Shares were legally and validly issued, and are fully paid and non assessable, except as described in the funds' Statements of Additional Information under the heading "Shareholder and Trustee Liability".


More Definitions of Trustee Liability

Trustee Liability means any liability or obligation (of any kind including, without limitation, for negligence, in tort, in equity, or under statute) of the Trustee which arises in any way under or in connection with this document or its performance, or any representation, warranty, conduct, omission, agreement or transaction made under or in connection with this document or its performance. Limitation of Liability (Licensor: One Managed Investment Funds Limited \\ Trust: CC Athena Trust) If the Principal is One Managed Investment Funds Limited and the Trust is CC Athena Trust, this clause applies. The parties acknowledge and agree that: the Trustee enters into this document in the capacity as trustee of the Trust and in no other capacity; except in the case of any liability of the Trustee under or in respect of this document resulting from the Trustee's fraud, negligence or breach of trust, the recourse for any person to the Trustee in respect of any obligations and liabilities of the Trustee under or in respect of this document is limited to the extent to which the Trustee is entitled to be and is in fact indemnified from the Assets of the Trust; and if any party (other than the Trustee) does not recover the full amount of any money owing to it arising from non-performance by the Trustee of any of its obligations, or non-payment by the Trustee of any of its liabilities, under or in respect of this document by enforcing the rights referred to in paragraph (a)(2) that party may not (except in the case of fraud, negligence or breach of trust by the Trustee) seek to recover the shortfall by: bringing proceedings against the Trustee in its personal capacity; or applying to have the Trustee wound up. In this clause: Assets means the property, rights and income of the Trust.
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Trustee Liability. As defined in SECTION 8.05(b).
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Trustee Liability xxxxx have the meanixx xxxixxxx xxereto in Section 8.05(b).
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Related to Trustee Liability

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • CMSA Special Servicer Loan File The data file in the "CMSA Special Servicer Loan File" format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Warranty Claim means a claim for breach of any of the Warranties.

  • Retained Mortgage Loan File A file for each Mortgage Loan maintained by the Servicer prior to any Document Transfer Date and by the Custodian after any Document Transfer Date that contains the documents specified in Section 2.01(b) of the Pooling and Servicing Agreement and any additional documents required to be added to the Retained Mortgage Loan File pursuant to the Pooling and Servicing Agreement.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Other Special Servicer The applicable other “special servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 10.10(d).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Buyer Losses has the meaning set forth in Section 10.1(a).