Common use of Limit on Liability Clause in Contracts

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

Appears in 15 contracts

Samples: Fiscal Agency Agreement (Province of British Columbia), Fiscal Agency Agreement (Province of British Columbia), Fiscal Agency Agreement (Province of British Columbia)

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

Appears in 7 contracts

Samples: Fiscal Agency Agreement (Province of Manitoba), Fiscal Agency Agreement (Province of Manitoba), Fiscal Agency Agreement (Province of Manitoba)

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Limit on Liability. In acting under this Agreement, the Fiscal Agent Agent, is acting solely as an agent of the Province and does not assume any obligation or relationship of agency or trust for or with any of the registered holders of the BondsNotes, except that all funds held by the Fiscal Agent for payment of principal principal, premium, if any, or interest shall be held in trust for the registered holders of Bonds the Notes as provided in this Agreement.

Appears in 2 contracts

Samples: Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of)

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