Common use of Acknowledgment of limitations Clause in Contracts

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee; (c) commence the winding-up, dissolution or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets or the Trustee’s right of recourse against, and indemnity from, the Assets and nothing else.

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.432.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee; (c) commence the winding-up, dissolution or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets or the Trustee’s right of recourse against, and indemnity from, the Assets and nothing else.

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.418.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee; (c) commence the winding-up, dissolution dissolution, official management or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets or the Trustee’s right of recourse against, and indemnity from, the Assets and nothing else.

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.424.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee; (c) commence the winding-up, dissolution or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets or the Trustee’s right of recourse against, and indemnity from, the Assets and nothing else.

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.418.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee;; or (c) commence the winding-winding up, dissolution or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets or the Trustee’s right of recourse against, and indemnity indemnify from, the Assets and nothing else.

Acknowledgment of limitations. The parties other than the Trustee agree and acknowledge that they must not, in respect of any Trust Claim: (a) subject to clause 4.416.4, bring proceedings against the Trustee in its personal capacity; (b) seek to appoint an administrator or liquidator to the Trustee; (c) commence the winding-up, dissolution dissolution, official management or administration of the Trustee; or (d) appoint a receiver, receiver and manager, administrative receiver or similar official to all or any of the assets of the Trustee, except to the extent that the steps taken affect any Assets Trust Property or the Trustee’s right of recourse against, and indemnity from, the Assets Trust Property and nothing else.