Common use of No Liability for Acts of Others Clause in Contracts

No Liability for Acts of Others. No fiduciary under this Agreement shall be liable for an act or omission of another person in carrying out any fiduciary responsibility where such fiduciary responsibility is allocated to such other person by this Agreement or pursuant to a procedure established in this Agreement.

Appears in 6 contracts

Sources: Rabbi Directed Trust Agreement (Mercantile Bank Corp), Rabbi Directed Trust Agreement (Five Below, Inc), Trust Agreement (Equifax Inc)