Common use of Limit on Liability Clause in Contracts

Limit on Liability. In acting under this Agreement, the Registrar and any Paying Agent are acting solely as agents of the Province and do not assume any obligation or relationship of agency or trust for or with any of the registered holders of the Bonds, except that all funds held by the Registrar or any Paying Agent for payment of principal or interest shall be held in trust for the registered holders of the Bonds as provided in this Agreement.

Limit on Liability. In acting under this Agreement, the Registrar Registrar, any Paying Agent and any Paying Additional Transfer Agent are acting solely as agents of the Province and do not assume any obligation or relationship of agency or trust for or with any of the registered holders of the Bonds, except that all funds held by the Registrar or Registrar, any Paying Agent or Additional Transfer Agent for payment of principal or interest shall be held in trust for the registered holders of the Bonds as provided in this Agreement.

Limit on Liability. In acting under this Agreement, the Registrar and any Paying Agent are acting solely as agents of the Province and do not assume any obligation or relationship of agency or trust for or with any of the registered holders of the Bonds, except that all funds held by the Registrar or any Paying Agent for payment of principal or interest shall be held in trust by it in a separate account, segregated from the Registrar's own assets and from the assets of any other person or entity for payment to the registered holders of the Bonds or the Province as provided in this Agreement.