Overriding Provision. Notwithstanding any other provision of this deed: (a) the Security Trustee is not obliged to do or omit to do anything including entering into any transaction or incurring any liability unless the Security Trustee's liability is limited in a manner satisfactory to the Security Trustee in its absolute discretion; and (b) the Security Trustee will not be under any obligation to advance or use its own funds for the payment of any costs, expenses or liabilities, except in respect of its own fraud, negligence or breach of trust.
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Sources: Security Trust Deed (Crusade Management LTD), Security Trust Deed (Crusade Management LTD)
Overriding Provision. Notwithstanding any other provision of this deedDeed:
(a) the Security Trustee is not obliged to do or omit to do anything including entering into any transaction or incurring any liability unless the Security Trustee's liability is limited in a manner satisfactory to the Security Trustee in its absolute discretion; and
(b) the Security Trustee will not be under any obligation to advance or use its own funds for the payment of any costs, expenses or liabilities, except in respect of its own fraud, negligence or breach of trust.wilful default. -------------------------------------------------------------------------------- 9 RECEIVER
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