Common use of Instructions to the Custodian Clause in Contracts

Instructions to the Custodian. As to any matter not expressly provided for by this Agreement, the Custodian shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Administrative Agent acting on behalf of the Purchasers;provided, however, that the Custodian shall not be required to take any action which may expose the Custodian to any liability that such Custodian determines to be unreasonable in light of the circumstances or that is contrary to this Agreement or any Governmental Requirement.

Appears in 1 contract

Samples: Custodial Agreement

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Instructions to the Custodian. As to any matter not expressly provided for by this Agreement, the Custodian shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Administrative Agent acting on behalf of the Purchasers;providedPurchasers; provided, however, that the Custodian shall not be required to take any action which may expose the Custodian to any liability that such the Custodian determines to be unreasonable in light of the circumstances or that is contrary to this Agreement or any Governmental Requirement.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

Instructions to the Custodian. As to any matter not expressly provided for by this Agreement, the Custodian shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Administrative Agent acting on behalf of the Purchasers;providedPurchasers; provided, however, that the Custodian shall not be required to take any action which may expose the Custodian to any liability that such the Custodian determines to be unreasonable in light of the circumstances or that is contrary to this Agreement or any Governmental Requirement.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

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Instructions to the Custodian. As to any matter not expressly provided for by this Agreement, the Custodian shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Administrative Agent acting on behalf of the Purchasers;providedPurchasers; provided, however, that the Custodian shall not be required to take any action which may expose the Custodian to any liability that such Custodian determines to be unreasonable in light of the circumstances or that is contrary to this Agreement or any Governmental Requirement.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

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