Acceptance of Duties. The Owner Trustee accepts the trusts hereby continued and agrees to perform its duties with respect to such trusts, but only upon the terms of this Agreement. The Owner Trustee also agrees to disburse all monies actually received by it constituting part of the Trust Property upon the terms set forth in the Basic Documents. The Owner Trustee shall not be answerable or accountable hereunder or under any other Basic Document under any circumstances, except (i) for its own willful misconduct, bad faith or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 7.03 expressly made by the Owner Trustee, in its individual capacity. In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence):
(a) the Owner Trustee shall not be liable for any error of judgment made in good faith by the Owner Trustee;
(b) the Owner Trustee shall not be liable with respect to any action taken or omitted to be taken in good faith by it in accordance with the provisions of this Agreement at the instructions of the Administrator or the Certificateholders;
(c) no provision of the Basic Documents shall require the Owner Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers hereunder or under any other Basic Document if the Owner Trustee shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured or provided to it;
(d) under no circumstances shall the Owner Trustee be liable for indebtedness evidenced by or arising under any Basic Document, including the principal of and interest on the Notes or any amounts payable on the Certificates;
(e) the Owner Trustee shall not be responsible for or in respect of the validity or sufficiency of this Agreement or for the due execution hereof by the Depositor or for the form, character, genuineness, sufficiency, value or validity of any of the Trust Property, or for or in respect of the validity or sufficiency of the Basic Documents, other than the signature and the certificate of authentication of the Owner Trustee on the Certificates, and the Owner Trustee shall in no event assume or incur any liability, duty or obligation to any Securityholder, other than as expressly provided for herein;
(f) the Owner Trustee shall not be liable for t...
Acceptance of Duties. The Collateral Agent accepts the duties created pursuant to Article VI of this A Mortgage. The Collateral Agent shall have no liability hereunder, under the Indenture or under any other Transaction Document except as provided in Article VI of this A Mortgage.
Acceptance of Duties. 25 Section 7.02. Furnishing of Documents............................................................................26 Section 7.03.
Acceptance of Duties. The Collateral Agent, for itself and its successors, hereby accepts the duties and obligations required by this Collateral Agent Agreement, the Mortgages, the Foreign Pledge Agreements, the Security Agreement and the other Security Documents upon the terms and conditions hereof and thereof, including those contained in Article 7.
Acceptance of Duties. The Special Warrant Agent hereby accepts of its duties under this Special Warrant Indenture and agrees to perform the same upon the terms and conditions herein set forth or referred to unless and until discharged therefrom by resignation or in some other lawful way.
Acceptance of Duties. The Eligible Lender Trustee accepts the trusts hereby created and agrees to perform the duties and only the duties specifically set forth in this Agreement, and no implied covenants or obligations shall be read into the trust created hereby against the Eligible Lender Trustee. The Eligible Lender Trustee shall not be answerable or accountable under any circumstances except for its gross negligence or willful misconduct.
Acceptance of Duties. The Trustee hereby accepts the duties set out in this Indenture and agrees to perform the same upon the terms and conditions herein set forth or referred to unless and until discharged therefrom by resignation or in some other lawful manner.
Acceptance of Duties. The Warrant Agent xxxxxx accepts the terms of this First Supplemental Indenture and the modifications of the terms under Base Indenture as declared and provided for herein, and the Warrant Agent agrees to perform the same upon the terms and conditions of the Indenture, as amended hereby, as agent for the various persons who shall from time to time be Warrantholders.
Acceptance of Duties. The Trustee and each Special Trustee accept and agree to execute the trusts imposed upon them by this Trust Agreement, but only upon the terms and conditions set forth in this Article and subject to the provisions of this Trust Agreement, to all of which the parties hereto and the respective holders of the Bonds agree. Neither the Trustee nor any Special Trustee shall be liable for the acts of the other or the failure of the other to act. All funds created under this Trust Agreement to be held by the Trustee or any Special Trustee shall be administered as trust funds as herein provided.
Acceptance of Duties. The Depositary accepts the duties imposed on it by this Indenture, but only on the following express terms and conditions:
