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Common use of Trustee Not Liable Clause in Contracts

Trustee Not Liable. The parties hereto hereby acknowledge that the ------------------ Trustee shall act hereunder solely as the trustee for the Trust, and shall not be personally liable or responsible in any manner whatsoever for any amounts payable by any party hereunder.

Appears in 3 contracts

Sources: Split Dollar Life Insurance Agreement (Federal Realty Investment Trust), Split Dollar Life Insurance Agreement (Federal Realty Investment Trust), Split Dollar Life Insurance Agreement (Federal Realty Investment Trust)

Related Clauses

  • Trustee Not Liable for Certificates
  • Owner Trustee Not Liable for Certificate or Receivables
  • Owner Trustee Not Liable for Certificates or Receivables
  • Owner Trustee Not Liable for Certificates or Related Documents
  • Indenture Trustee Not Obligated

Parent Clauses

  • Servicer Remains Liable
  • Trustee
  • Concerning the Trustee
  • Paying Agent
  • Reappointment of Servicer as Custodian

Sub-Clauses

  • Claims against Trustee
  • Breach of trust
  • Redemption of Units
  • Distribution Account
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