Limitations on Duties of Trustee. (a) Unless a Notice of Acceleration is in effect, the Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Trustee. If and so long as a Notice of Acceleration is in effect, the Trustee shall exercise the rights and powers vested in it by this Agreement, and shall not be liable with respect to any action taken by it, or omitted to be taken by it, in accordance with the direction of the Required Secured Parties or directions given to the Trustee pursuant to Section 5.06(b).
Limitations on Duties of Trustee. (a) Unless a Notice of -------------------------------------- Acceleration is in effect, the Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Trust Agreement and the Trust Security Documents, and no implied covenants or obligations shall be read into this Trust Agreement or any Trust Security Document against the Trustee. If and so long as a Notice of Acceleration is in effect, the Trustee may, subject to the provisions of subsection 2.5(b), exercise the rights and powers vested in the Trustee by this Trust Agreement and the Trust Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with the direction of the Required Secured Parties or (with respect to actions in respect of the Other Collateral or the Other Collateral Sub-Account) the Required Other Collateral Secured Parties.
Limitations on Duties of Trustee. (a) Prior to the occurrence of an Actionable Default, the Trustee shall be obliged to perform such duties and only such duties as are specifically set forth in this Agreement or in any Security Document, and no implied covenants or obligations shall be read into this Agreement or any Security Document against the Trustee. The Trustee shall, during the existence of any Actionable Default, exercise the rights and powers vested in it by this Agreement or by any Security Document, and the Trustee shall not be liable with respect to any action taken or omitted by it in accordance with the direction of the Holders pursuant to Section 2.6.
Limitations on Duties of Trustee. (a) Unless a Notice of Acceleration is in effect, the Collateral Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Collateral Trust Agreement and the Security Documents, and no implied covenants or obligations shall be read into this Collateral Trust Agreement or any Security Document against the Collateral Trustee. If and so long as a Notice of Acceleration is in effect, the Collateral Trustee shall, subject to the provisions of subsection 2.5, exercise the rights and powers vested in the Collateral Trustee by this Collateral Trust Agreement and the Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with the direction of the Studios acting with Majority Approval.
Limitations on Duties of Trustee. (a) The Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Agreement and the Security Documents, and no implied covenants or obligations shall be read into this Agreement or any Security Document against the Trustee. The Trustee may, subject to the provisions of clause (b) of Section 2.4, exercise the rights and powers vested in the Trustee by this Agreement and the Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with Requisite Instructions delivered to the Trustee.
Limitations on Duties of Trustee. (a) The Collateral Trustee shall be obliged to perform only such duties as are specifically set forth in any Collateral Document, and no implied covenants or obligations shall be read into any Collateral Document against the Collateral Trustee. The Collateral Trustee shall, upon receipt of a Notice of Actionable Default and during such time as such Notice of Actionable Default shall not have been withdrawn in accordance with the provisions of Section 3.1(b) and unless prevented from doing so by applicable law or by order of a court or other Governmental Authority, exercise the rights and powers vested in it by any Collateral Document, and the Collateral Trustee shall not be liable with respect to any action taken or omitted by it in accordance with the direction of the Lender or the Indenture Trustee pursuant to Section 3.2 of this Agreement. If at any time the Collateral Trustee shall seek directions of the Lender or the Indenture Trustee with respect to any such action to be taken or omitted by it under any of the Collateral Documents, the Collateral Trustee shall not be required to take or omit such action until it shall have received such direction.
Limitations on Duties of Trustee. (a) The Collateral Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Agreement and the other Trust Security Documents, and no implied covenants or obligations shall be read into this Agreement or any other Trust Security Document against the Collateral Trustee. If a Notice of Acceleration is in effect, the Collateral Trustee shall: (i) upon the direction of the Directing Parties, as provided herein, but otherwise subject to the provisions of Section 2.5(b), exercise the rights and powers vested in the Collateral Trustee by this Agreement and the other Trust Security Documents, (ii) not be liable with respect to any action taken, or omitted to be taken, in accordance with such direction of the Directing Parties unless such action or omission is performed in bad faith or with wilful misconduct or gross negligence, and (iii) not be obligated to take any Collateral Enforcement Action or exercise any powers, rights or remedies hereunder except upon the receipt of such direction of the Directing Parties.
Limitations on Duties of Trustee. The Trustee shall not have any duty or obligation to manage, control, use, sell or otherwise transfer title to or dispose of or otherwise deal with any part of the assets constituting the trusts created by this Trust Agreement, or otherwise to take or refrain from taking any action under or in connection with the Purchase Agreement or the Certificates, except as expressly provided by the terms of the Purchase Agreement and this Trust Agreement or as expressly provided in written instructions from the Holders of not less than a majority in aggregate principal amount of the Certificates outstanding. Whenever Seller is required to give any consent, approval, permission or otherwise act affirmatively under the terms of the Purchase Agreement, the Trustee at its discretion may give such consent, approval, permission or otherwise act affirmatively as it may deem appropriate.
Limitations on Duties of Trustee. (a) Unless a Notice of Acceleration is in effect, the Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Trust Agreement and the Pledge Agreement, and no implied covenants or obligations shall be read into this Trust Agreement or the Pledge Agreement against the Trustee. If and so long as a Notice of Acceleration is in effect, the Trustee may, subject to the provisions of subsection 2.5(b), exercise the rights and powers vested in the Trustee by this Trust Agreement and the Pledge Agreement, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with the direction of the Administrative Agent or the Public Debt Trustee.
Limitations on Duties of Trustee. (a) The Collateral Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Collateral Trust Agreement and the Trust Security Documents, and no implied covenants or obligations shall be read into this Collateral Trust Agreement or any Trust Security Document against the Collateral Trustee. The title “
