Common use of Limitation on Indenture Trustee Duties Clause in Contracts

Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (1) Tangible Net Worth, (2) the occurrence of any of the events described in clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x) or (xi) of the definition of “Target Amortization Event,” or (3) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 4 contracts

Samples: Amended and Restated Indenture Supplement (New Residential Investment Corp.), Amended and Restated Indenture Supplement (New Residential Investment Corp.), Amended and Restated Indenture Supplement (Nationstar Mortgage Holdings Inc.)

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Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (1) Tangible Net Worth, (2i) the occurrence of any of the events described in clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x) or (xiiv) of the definition of “Target Amortization Event,” or (3ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 3 contracts

Samples: Indenture Supplement (Nationstar Mortgage Holdings Inc.), Indenture Supplement (Nationstar Mortgage Holdings Inc.), Indenture Supplement (Nationstar Mortgage Holdings Inc.)

Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (1) Tangible Net Worth, (2) the occurrence of any of the events described in clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x), (xi), (xviii) or (xixix) of the definition of “Target Amortization Event,” or (3) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 2 contracts

Samples: Amended and Restated Indenture Supplement (Nationstar Mortgage Holdings Inc.), Amended and Restated Indenture Supplement (New Residential Investment Corp.)

Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (1) Tangible Net Worth, (2) the occurrence of any of the events described in clauses (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x), (xi), (xvii), (xviii) or (xixix) of the definition of “Target Amortization Event,” or (3) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 2 contracts

Samples: Amended and Restated Indenture Supplement (New Residential Investment Corp.), Amended and Restated Indenture Supplement (Nationstar Mortgage Holdings Inc.)

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Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (1i) Tangible Net Worth, (2ii) the occurrence of any of the events described in clauses clause (ii), (iii), (iv), (v), (vi), (vii), (viii), ) and (ix), (x) or (xi) of the definition of “Target Amortization Event,” or (3iii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 1 contract

Samples: Indenture Supplement (Nationstar Mortgage Holdings Inc.)

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