Common use of Role of Trustee Clause in Contracts

Role of Trustee. Each of Alla▇ ▇. ▇▇▇▇▇▇, ▇▇ur▇▇▇ ▇▇▇▇▇▇ ▇▇▇ Marv▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ executing this Agreement as a trustee of the Kell▇▇▇ ▇▇▇sts listed on Exhibit A attached hereto and shall be conclusively deemed to be executing such documents only in such capacity. Each of Alla▇ ▇. ▇▇▇▇▇▇, ▇▇ur▇▇▇ ▇▇▇▇▇▇ ▇▇▇ Marv▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ll not be liable personally to any other party hereto in the event of any actual or alleged breach of any provision contained herein by any of the Kell▇▇▇ ▇▇▇sts, except in the event of any willful breach of this Agreement established by clear and convincing evidence. Each party agrees to look solely to the estate of the Kell▇▇▇ ▇▇▇sts and not to any trustee thereof in such trustee's individual capacity for any damages or other remedy for a breach by a Kell▇▇▇ ▇▇▇st of any provision contained herein except in the event of any willful breach of this Agreement established by clear and convincing evidence.

Appears in 1 contract

Sources: Shareholder Agreements (Carcomp Services Inc)

Role of Trustee. Each of Alla▇ ▇. ▇▇▇▇▇▇, ▇▇ur▇▇▇ ▇▇▇▇▇▇ ▇▇▇ Marv▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ executing this Agreement as a trustee of the Kell▇▇▇ ▇▇▇sts listed on Exhibit A attached hereto and shall be conclusively deemed to be executing such documents only in such capacity. Each of Alla▇ ▇. ▇▇▇▇▇▇, ▇▇ur▇▇▇ ▇▇▇▇▇▇ ▇▇▇ Marv▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ll not be liable personally to any other party hereto in the event of any actual or alleged breach of any provision contained herein by any of the Kell▇▇▇ ▇▇▇sts, except in the event of any willful breach of this Agreement established by clear and convincing evidence. Each party agrees to look solely to the estate of the Kell▇▇▇ ▇▇▇sts and not to any trustee thereof in such trustee's individual capacity for any damages or other remedy for a breach by a Kell▇▇▇ ▇▇▇st of any provision contained herein herein, except in the event of any willful breach of this Agreement established by clear and convincing evidence.. * * * *

Appears in 1 contract

Sources: Registration Agreement (Carcomp Services Inc)