Common use of Acknowledgment of Multiple Roles Clause in Contracts

Acknowledgment of Multiple Roles. The parties expressly acknowledge and consent to Norwest Bank Minnesota, National Association acting in the possible dual capacity of Back-up Servicer or successor Servicer and in the capacity as Indenture Trustee. Norwest Bank Minnesota, National Association may, in such dual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by Norwest Bank Minnesota, National Association of express duties set forth in this Indenture in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by Norwest Bank Minnesota, National Association. * * * * *

Acknowledgment of Multiple Roles. The parties expressly acknowledge and consent to Norwest Bank Minnesota, National Association ("NORWEST") acting in the possible dual capacity of Back-up Up Servicer or successor Servicer and in the capacity as Indenture TrusteeTrustee and Custodian. Norwest Bank Minnesota, National Association may, in such dual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by Norwest Bank Minnesota, National Association of express duties set forth in this Indenture in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by Norwest Bank Minnesota, National Association. * * * * *Norwest.

Acknowledgment of Multiple Roles. The parties expressly acknowledge and consent to Norwest Bank Minnesota, National Association Association, acting in the possible dual capacity of Back-up Servicer or successor Servicer and in the capacity as Indenture Trustee. Norwest Bank Minnesota, National Association Association, may, in such dual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by Norwest Bank Minnesota, National Association Association, in any of such capacities, of express duties set forth in this Indenture in any of such capacitiesAgreement, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by Norwest Bank Minnesota, National Association. * * * * *.