NO DUTY TO SUPERVISE. The Note Trustee shall be under no obligation to monitor or supervise the functions of any other person under any Document and shall be entitled, in the absence of actual knowledge by the persons administering this trust of a breach of duty or obligation, to assume that such other person is properly performing its obligations in accordance with each Document.
Appears in 9 contracts
Samples: Trust Deed (Barclaycard Funding PLC), Trust Deed (Gracechurch Receivables Trustee LTD), Trust Deed (Gracechurch Card Funding No 3 PLC)
