Common use of No Duty to Verify or Recalculate Clause in Contracts

No Duty to Verify or Recalculate. Notwithstanding anything contained herein to the contrary, none of the Calculation Agent (except as described in Section 3.1(a)), the Indenture Trustee or the Paying Agent shall have any obligation to verify or recalculate any information provided to them by the Administrator or any other Person, and may rely on such information in making the allocations and payments to be made pursuant to Article IV. The Indenture Trustee may conclusively rely without investigation on the most recent Determination Date Report provided to the Indenture Trustee by the Administrator in preparing the Payment Date Reports and Interim Payment Date Reports (if any).

Appears in 2 contracts

Samples: GMSR Participation Agreement (loanDepot, Inc.), Agreement (PennyMac Financial Services, Inc.)

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No Duty to Verify or Recalculate. Notwithstanding anything contained herein to the contrary, none of the Calculation Agent (except as described in Section 3.1(a)), the Indenture Trustee or the Paying Agent shall have any obligation to verify or recalculate any information provided to them by the Administrator or any other Person, and may rely on such information in making the allocations and payments to be made pursuant to Article IV. The Indenture Trustee may conclusively reasonably rely without investigation on the most recent Determination Date Administrator Report provided to the Indenture Trustee by the Administrator in preparing the Payment Date Reports and Interim Payment Date Reports (if any)Reports.

Appears in 1 contract

Samples: Consent Agreement (PennyMac Mortgage Investment Trust)

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No Duty to Verify or Recalculate. Notwithstanding anything contained herein to the contrary, none of the Calculation Agent (except as described in Section 3.1(a)), the Indenture Trustee or the Paying Agent shall have any obligation to verify or recalculate any information provided to them by the Administrator or any other PersonAdministrator, and may rely on such information in making the allocations and payments to be made pursuant to Article IV. The Indenture Trustee may conclusively reasonably rely without investigation on the most recent Determination Date Administrator Report provided to the Indenture Trustee by the Administrator in preparing the Payment Date Reports and Interim Payment Date Reports (if any).

Appears in 1 contract

Samples: loanDepot, Inc.

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