Acting in Good Faith. the Security Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorised or within the discretion or rights or powers conferred upon it by this Deed or any Series Document;
Appears in 2 contracts
Samples: Security Trust Deed (Arran Funding LTD), Security Trust Deed (Arran Funding LTD)
Acting in Good Faith. the The Security Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorised or within the discretion or rights or powers conferred upon it by this Deed or any Series Document;, provided that this shall not relieve the Security Trustee from liability for acts or omissions involving its gross negligence, fraud or wilful default.
Appears in 2 contracts
Samples: Security Trust Deed and Cash Management Agreement, Security Trust Deed and Cash Management Agreement
Acting in Good Faith. the The Security Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorised or within the discretion or rights or powers conferred upon it by this Security Trust Deed or any other Series Document;
Appears in 1 contract
Samples: Security Trust Deed (Turquoise Receivables Trustee LTD)
