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.”

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.”

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 clause (ii), ) and (iii), (iv), (v), (vi), (vii), (viii), (ix), (x) or (xi) of the definition of “Target Amortization Event,” or (3ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

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.”

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

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.”

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.”