Common use of No Implied Duties Clause in Contracts

No Implied Duties. Securities Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against Securities Intermediary in connection with this Agreement.

Appears in 7 contracts

Samples: Collateral Account Control Agreement (Guggenheim Taxable Municipal Managed Duration Trust), Master Agreement, Collateral Account Control Agreement (Advent Claymore Convertible Securities & Income Fund)

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No Implied Duties. The Securities Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Securities Intermediary in connection with this Agreement.

Appears in 3 contracts

Samples: Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)

No Implied Duties. Securities Intermediary shall have no duties or responsibilities whatsoever whatsoever, except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against Securities Intermediary in connection with this Agreement.

Appears in 3 contracts

Samples: Master Agreement, Securities Account Control Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Isda Master Agreement (Equinox Trust)

No Implied Duties. Securities Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, or as otherwise agreed in writing, or as required by law, and no covenant or obligation shall be implied against Securities Intermediary in connection with this Agreement.

Appears in 1 contract

Samples: Collateral Account Control Agreement

No Implied Duties. Securities The Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and/or the Security Agreement, and no covenant or obligation shall be implied against Securities the Intermediary in connection with this Agreement.

Appears in 1 contract

Samples: Pledge and Administration Agreement (Assured Guaranty LTD)

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No Implied Duties. The Securities Intermediary shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Securities Intermediary in connection with this Agreement except with respect to the services agreed to be provided by the Securities Intermediary under this Agreement. The Securities Intermediary shall not be subject to, nor required to comply with, any other agreement to which the Security Trustee or the Issuer is a party.

Appears in 1 contract

Samples: Account Control Agreement

No Implied Duties. The Securities Intermediary shall have no responsibilities, obligations or duties or responsibilities whatsoever except such duties and responsibilities as are specifically other than those expressly set forth in this Agreement and the Custodial Agreement, and no covenant implied duties, responsibilities or obligation obligations shall be implied read into this Agreement against the Securities Intermediary; without limiting the generality of the foregoing, the Securities Intermediary shall have no duty to preserve, exercise or enforce rights in connection with this Agreementthe Account Assets (against prior parties or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (NovaCardia Inc)

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