Common use of Breach of Undertakings Clause in Contracts

Breach of Undertakings. The Trustee assumes no responsibility for ascertaining whether or not (i) a breach of any of the undertakings in Condition 11 shall have occurred or (ii) any such breach shall have been rectified. Unless and until the Trustee has actual knowledge of any of the above events it shall be entitled to assume that no such event has occurred. The Trustee shall not be liable for any loss arising from any determination or calculation made pursuant to the Conditions or from any failure or delay in making any such determination or calculation.

Breach of Undertakings. The Trustee assumes no responsibility for ascertaining whether or not (i) a breach of any of the undertakings in Condition 11 10 shall have occurred or (ii) any such breach shall have been rectified. Unless and until the Trustee has actual knowledge express notice of any of the above events it shall be entitled to assume that no such event has occurred. The Trustee shall not be liable for any loss arising from any determination or calculation made pursuant to the Conditions or from any failure or delay in making any such determination or calculation.