Common use of Defense of the Trust Estate Clause in Contracts

Defense of the Trust Estate. (a) If the Trustee has knowledge of any default or breach under the terms of this Agreement or the CBFIs or receives a judicial, administrative or other notice of a claim or dispute with respect to this Agreement or the CBFIs or if for any other reason it is necessary to defend the Trust Estate, the Trustee will give notice to the Technical Committee, the Manager and the Common Representative of such event or receipt of such notice within 1 (one) Business Day following the date on which it obtained knowledge thereof or the date on which it received the respective notice (as applicable), provided, that, subject to the provisions of Section 8.3, the delivery of such notice shall not release the Trustee from any liability.