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| English to Spanish Legal Translation Each Spanish market has its own legal system, and it can be rather complex to understand it. Other colleagues can help you compare source and target terminology and Spanish legal concepts. |
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#1 |
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New Member
Join Date: Oct 2007
Posts: 5
Rep Power: 13
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Hola amigos
Alguien por ahi entiende la interpretacion correcta de la frase "take with notice of and subject to..."? que aparece al final de este parrafo? Desde ya muchas gracias! A Responsible Entity and any director, officer or servant of a Responsible Entity being a corporation shall not be liable to compensate the Trust Fund or any Holders (as such) for any loss or damage incurred in the execution, or purported or attempted execution or exercise, or failure or neglect to execute or exercise, any of the trusts or Powers by this Constitution or by law, equity or statute vested in or upon the Responsible Entity unless it shall be proved to have been committed or omitted in personal conscious fraudulent bad faith by the Responsible Entity charged to be so liable. A Responsible Entity shall not be bound to take proceedings against any former responsible entity for any breach or alleged breach of trust committed by such former Manager or former responsible entity. All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred A Responsible Entity and any director, officer or servant of a Responsible Entity being a corporation shall not be liable to compensate the Trust Fund or any Holders (as such) for any loss or damage incurred in the execution, or purported or attempted execution or exercise, or failure or neglect to execute or exercise, any of the trusts or Powers by this Constitution or by law, equity or statute vested in or upon the Responsible Entity unless it shall be proved to have been committed or omitted in personal conscious fraudulent bad faith by the Responsible Entity charged to be so liable. A Responsible Entity shall not be bound to take proceedings against any former responsible entity for any breach or alleged breach of trust committed by such former Manager or former responsible entity. All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred A Responsible Entity and any director, officer or servant of a Responsible Entity being a corporation shall not be liable to compensate the Trust Fund or any Holders (as such) for any loss or damage incurred in the execution, or purported or attempted execution or exercise, or failure or neglect to execute or exercise, any of the trusts or Powers by this Constitution or by law, equity or statute vested in or upon the Responsible Entity unless it shall be proved to have been committed or omitted in personal conscious fraudulent bad faith by the Responsible Entity charged to be so liable. A Responsible Entity shall not be bound to take proceedings against any former responsible entity for any breach or alleged breach of trust committed by such former Manager or former responsible entity. All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred A Responsible Entity and any director, officer or servant of a Responsible Entity being a corporation shall not be liable to compensate the Trust Fund or any Holders (as such) for any loss or damage incurred in the execution, or purported or attempted execution or exercise, or failure or neglect to execute or exercise, any of the trusts or Powers by this Constitution or by law, equity or statute vested in or upon the Responsible Entity unless it shall be proved to have been committed or omitted in personal conscious fraudulent bad faith by the Responsible Entity charged to be so liable. A Responsible Entity shall not be bound to take proceedings against any former responsible entity for any breach or alleged breach of trust committed by such former Manager or former responsible entity. All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred A Responsible Entity and any director, officer or servant of a Responsible Entity being a corporation shall not be liable to compensate the Trust Fund or any Holders (as such) for any loss or damage incurred in the execution, or purported or attempted execution or exercise, or failure or neglect to execute or exercise, any of the trusts or Powers by this Constitution or by law, equity or statute vested in or upon the Responsible Entity unless it shall be proved to have been committed or omitted in personal conscious fraudulent bad faith by the Responsible Entity charged to be so liable. A Responsible Entity shall not be bound to take proceedings against any former responsible entity for any breach or alleged breach of trust committed by such former Manager or former responsible entity. All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred |
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#2 |
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Senior Member
Join Date: Jan 2007
Posts: 384
Rep Power: 140
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"All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to take with notice of and subject to the protection hereby conferred".
My interpretation is the following: All persons at any time claiming any beneficial interest in over or upon the Trust Fund shall be deemed to be hereby duly notified and be legally bound by this protection. ![]() |
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