Not Trustee Clause Samples

The "NOT TRUSTEE" clause clarifies that a party to the agreement is not acting as a trustee or fiduciary for any other party involved. In practice, this means that the party does not hold assets, rights, or obligations on behalf of others and is not responsible for managing or safeguarding property for beneficiaries. This clause is commonly used to prevent any implication that a trust relationship exists, thereby ensuring that each party's responsibilities and liabilities are clearly defined and limited to their contractual roles.
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Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement, except for its role described in Clause 21.13, 21.14 and 21.15, and as described in the Overdraft Bank Agreements.
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Not Trustee. It does not enter any Finance Document or hold any property as a trustee.
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Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement, except for its role described in Clause 4.13, 4.14 and 4.15.
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Not Trustee. Notwithstanding anything to the contrary herein contained, FBA shall not hold any funds in trust for CLIENT, its employees or its affiliates’ employees, and shall in no event be deemed to be a trustee for either of the parties regarding any sums covered by the Plan.
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Not Trustee. The Agent is not acting as a trustee for any purpose in connection with the Finance Documents other than as expressly set out in the Security Trust Deed.
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Not Trustee. The Buyer is not entering into this Agreement as trustee of any trust or settlement.
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Not Trustee. Except as disclosed to the Ministry prior to the date of this Agreement, it is not a trustee of any trust or settlement and it does not enter into any Transaction Document, or hold any property, as a trustee.
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Not Trustee. The Agent is not acting as a trustee for any purpose in connection with this Agreement.
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Related to Not Trustee

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, ▇▇▇▇▇▇ Square North, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.

  • Independent Trustee A Trustee who is an "Independent Trustee," as that term is defined in the Delaware Act, shall be deemed to be independent and disinterested for all purposes when making any determinations or taking any action as a Trustee.

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Trustee Section 7.01.