Common use of Limitation of Owner Liability Clause in Contracts

Limitation of Owner Liability. Owner is entering into this Agreement solely as trustee under the Trust Agreement and not in its individual capacity, except as otherwise expressly provided herein, and Owner shall not be personally liable for, or for any loss in respect of, any of the statements, representations, warranties, agreements or obligations hereunder, except for any loss caused by or resulting from (i) the breach by Owner of any of the representations or warranties contained in Section 9 hereof, or (ii) the willful misconduct or gross negligence of Owner.

Limitation of Owner Liability. Owner is entering into this Agreement solely as trustee under the Trust Agreement and not in its individual capacity, except as otherwise expressly provided herein, and Owner shall not be personally liable for, or for any loss in respect of, any of the statements, representations, warranties, agreements or obligations hereunder, except for any loss caused by or resulting from (i) the breach by Owner of any of the representations or warranties contained in Section 9 hereof, or (ii) the willful misconduct or gross negligence of Owner.or