Delegation of Duty by Trustee. In carrying out its obligations under this Trust Agreement, the Trustee may act either directly or through agents, attorneys, accountants, independent contractors and auditors and enter into agreements with any of them and shall not be liable for the negligence, default or misconduct of any such agents, attorneys, accountants, independent contractors or auditors if such agents, attorneys, accountants, independent contractors, custodians, nominees or auditors shall have been selected with reasonable care.
Appears in 3 contracts
Samples: Trust Agreement (Banc of America Funding Corp), Trust Agreement (Banc of America Funding 2008-R3 Trust), Trust Agreement (Banc of America Funding 2008-R3 Trust)
Delegation of Duty by Trustee. In carrying out its obligations under this Trust Agreement, the Trustee may act either directly or through agents, attorneys, accountants, independent contractors and auditors and enter into agreements with any of them and them, provided, however, that the Trustee shall not be remain principally liable for the negligence, default or misconduct of any such agents, attorneys, accountants, independent contractors or auditors if such agents, attorneys, accountants, independent contractors, custodians, nominees or auditors shall have been selected with reasonable care.its obligations under this Trust Agreement..
Appears in 2 contracts
Samples: Trust Agreement (Lehman Structured Securities Corp), Trust Agreement (Lehman Structured Securities Corp)
