Common use of Limitation on Liability of Trustee Clause in Contracts

Limitation on Liability of Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by The Bank of New York (Delaware), not in its individual capacity but solely in its capacity as Trustee of Party B, and in no event shall The Bank of New York (Delaware), in its individual capacity, or any beneficial owner of Party B have any liability for the representations, warranties, covenants, agreements or other obligations of Party B hereunder, as to all of which recourse shall be had solely to the Trust Estate.