Common use of Exculpation of the Trustee Clause in Contracts

Exculpation of the Trustee. By entering into this Indenture and agreeing to perform the duties of the Trustee as set forth herein, the Trustee makes no implied or express representation or warranty to the Noteholders with respect to the sufficiency or the adequacy in any respect whatsoever of the terms of this Indenture and the documents executed in connection herewith. Under no circumstances shall the Trustee have any liability of any kind whatsoever for the failure of any Noteholder adequately to review and evaluate to the full satisfaction of such Noteholder the terms and provisions of this Indenture, the Notes, the Servicing Agreement, the Sub-Servicing Agreement, and the other documents executed in connection with this Indenture. The Trustee shall in no way be liable for the decision of any Noteholder to purchase any Notes.

Appears in 4 contracts

Samples: Mid State Trust Vi, Mid-State Homes Inc, Mid State Trust Vi

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Exculpation of the Trustee. By entering into this Indenture and agreeing to perform the duties of the Trustee as set forth herein, the Trustee makes no implied or express representation or warranty to the Noteholders with respect to the sufficiency or the adequacy in any respect whatsoever of the terms of this Indenture and the documents executed in connection herewith. Under no circumstances shall the Trustee have any liability of any kind whatsoever for the failure of any Noteholder adequately to review and evaluate to the full satisfaction of such Noteholder the terms and provisions of this Indenture, the Notes, the Servicing Agreement, the Sub-Servicing Agreement, and the other documents executed in connection with this Indenture. The Trustee shall in no way be liable for the decision of any Noteholder to purchase any Notes.

Appears in 1 contract

Samples: Nations Asset Securities Inc

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