Exclusion of liens and interest. The Principal Paying Agent shall: (a) not exercise any lien, right of set-off or similar claim in respect of monies received by the Principal Paying Agent in connection with its activities hereunder; (b) not be liable to any person for interest thereon; and (c) not be obliged to hold any funds received by it hereunder in a segregated account or accounts.
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Samples: Master Issuer Paying Agent and Agent Bank Agreement, Master Issuer Paying Agent and Agent Bank Agreement, Master Issuer Paying Agent and Agent Bank Agreement (Holmes Funding LTD)
Exclusion of liens and interest. The Principal Paying Agent shallshall not:
(a) not exercise any lien, right of set-off or similar claim in respect of monies received by the Principal Paying Agent in connection with its activities hereunder;
(b) not be liable to any person for interest thereonon monies received by the Principal Paying Agent in connection with its activities hereunder; andor
(c) not be obliged to hold any funds received by it hereunder in a segregated account or accounts.
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