Common use of TRUSTEE'S LIABILITY Clause in Contracts

TRUSTEE'S LIABILITY. The Trustee is liable only for breaching a material contractual obligation in a manner damaging to the purpose the Agreement; moreover, and the damage must be caused by gross negligence or fault.

Appears in 3 contracts

Sources: Trustee Agreement, Trustee Agreement for the Registration of Domain Names, Trustee Agreement

TRUSTEE'S LIABILITY. The Trustee is trustee shall only be liable only for breaching damages, if he violates a material contractual obligation in a manner damaging to under the agreement (cardinal obligation) endangering the purpose of the Agreement; moreover, and agreement or if the damage must be caused by damages arise from intention or gross negligence or faultnegligence.

Appears in 1 contract

Sources: Trustee Agreement