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: (i) the occurrence of any of the events described in clause (ii) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 2 contracts

Samples: Indenture Supplement (New Residential Investment Corp.), Indenture Supplement (New Residential Investment Corp.)

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Limitation on Indenture Trustee Duties. The Indenture Trustee Trustee, in any of its capacities, shall have no independent duty to verify: (i) verify the occurrence of any of the events described in clause (iiB) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.

Appears in 1 contract

Samples: Ditech Agency (DITECH HOLDING Corp)

Limitation on Indenture Trustee Duties. The Indenture Trustee Trustee, in any of its capacities, shall have no independent duty to verify: (i) verify the occurrence of any of the events described in clause (iiB) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 1 contract

Samples: DITECH HOLDING Corp

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Limitation on Indenture Trustee Duties. The Indenture Trustee shall have no independent duty to verify: (i1) Tangible Net Worth or (2) the occurrence of any of the events described in clause (iiB) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the definition of “Facility Eligible Servicing Agreement.”

Appears in 1 contract

Samples: Indenture Supplement (New Residential Investment Corp.)

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