No Duties. Except as Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee shall, however, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) on any part of the Owner Trust Estate that results from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 6 contracts
Sources: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Funding LLC)
No Duties. Except as Specified in this This Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust EstateAssets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.3, 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission securities law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate Assets that results result from actions by, or claims against, the Owner Trustee Trustee, in its individual capacity capacity, that are not related to the ownership or the administration of the Owner Trust EstateAssets or the transactions contemplated by the Transaction Documents.
Appears in 6 contracts
Sources: Trust Agreement (Cit Equipment Collateral 2001-1), Trust Agreement (Cit Equipment Collateral 2000-2), Trust Agreement (NCT Funding Co LLC)
No Duties. Except as Specified in this This Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust EstateAssets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.3, 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission securities law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate Assets that results result from actions by, or claims against, the Owner Trustee Trustee, in its individual capacity capacity, that are not related to the ownership or the administration of the Owner Trust EstateAssets.
Appears in 2 contracts
Sources: Trust Agreement (NCT Funding Co LLC), Trust Agreement (NCT Funding Co LLC)
No Duties. Except as Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust EstateProperty, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Related Document against the Owner Trustee. The Owner Trustee shall have no responsibility for preparing or filing any tax or securities law filing or report with respect to the Issuer of the Notes or for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission filing for the Trust or to record this Agreement or any other Transaction Related Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) Liens on any part of the Owner Trust Estate Property that results result from actions by, or claims against, the Owner Trustee (solely in its individual capacity capacity) and that are not related to the ownership or the administration of the Owner Trust EstateProperty.
Appears in 2 contracts
Sources: Trust Agreement (Paragon Auto Receivables Corp), Trust Agreement (Paragon Auto Receivables Corp)
No Duties. Except as Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust or the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, 5.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for any filing or recording, including filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it or the Trust hereunder or to prepare or file any Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee shall, howeverin its individual capacity nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust EstateEstate or the transactions contemplated by the Transaction Documents.
Appears in 2 contracts
Sources: Trust Agreement (Associates Credit Card Receivables Corp), Trust Agreement (Advanta Business Recievables Corp)
No Duties. Except as Specified in this Agreement Agreement, the Basic Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 2 contracts
Sources: Trust Agreement (American Business Financial Services Inc /De/), Trust Agreement (American Business Financial Services Inc /De/)
No Duties. Except as Specified in this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) Liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee (solely in its individual capacity capacity) and that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 2 contracts
Sources: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)
No Duties. Except as Specified in this Agreement Agreement, the Basic Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 2 contracts
Sources: Trust Agreement (Residential Asset Funding Corp), Trust Agreement (Home Equity Securitization Corp)
No Duties. Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 1 contract
Sources: Deposit Trust Agreement (Prudential Securities Secured Financing Corp)
No Duties. Except as Specified in this This Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust EstateAssets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.3, 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission securities law or tax law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate Assets that results result from actions by, or claims against, the Owner Trustee Trustee, in its individual capacity capacity, that are not related to the ownership or the administration of the Owner Trust EstateAssets or the transactions contemplated by the Transaction Documents.
Appears in 1 contract
Sources: Trust Agreement (Cit Ec Ef 2001-A)
No Duties. Except as Specified in this Agreement Agreement, the Program Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, ; and no implied duties or obligations shall be read into this Agreement or any other Transaction Program Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time anytime or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Program Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 1 contract
No Duties. Except as Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.36.03, and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien Lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing or tax filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) Liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 1 contract
No Duties. Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, any other Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 1 contract
Sources: Trust Agreement (American Business Financial Services Inc /De/)
No Duties. Except as Specified in this Agreement Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Section 6.3, 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise to perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee shall, howevernevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any lien (other than the lien of the Indenture) liens on any part of the Owner Trust Estate that results result from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
Appears in 1 contract
Sources: Trust Agreement (Prudential Securities Secured Financing Corp)