Common use of No Required Action Clause in Contracts

No Required Action. The Trustee shall not be required to take any action toward the execution and enforcement of the trust hereby created or to institute, appear in, or defend any action, suit, or other proceeding in connection therewith where, in his opinion, such action would be likely to involve him in expense or liability, unless requested so to do by a written instrument signed by the Beneficiary and, if the Trustee so reasonably requests, unless the Trustee is tendered security and indemnity satisfactory to the Trustee against any and all cost, expense, and liability arising therefrom. The Trustee shall not be responsible for the execution, acknowledgment, or validity of the Loan Documents or the Indenture, or for the proper authorization thereof, or for the sufficiency of the lien and security interest purported to be created hereby, and the Trustee makes no representation in respect thereof or in respect of the rights, remedies, and recourses of the Beneficiary or the Secured Parties.

No Required Action. The Trustee shall not be required to take any action toward the execution and enforcement of the trust hereby created or to institute, appear in, or defend any action, suit, or other proceeding in connection therewith where, in his Trustee’s opinion, such action would be likely to involve him Trustee in expense or liability, unless requested so to do by a written instrument signed by the Beneficiary Lxxxxx and, if the Trustee so reasonably requests, unless the Trustee is tendered security and indemnity satisfactory to the Trustee against any and all cost, expense, and liability arising therefrom. The Trustee shall not be responsible for the execution, acknowledgment, or validity of the Loan Documents or the IndentureDocuments, or for the proper authorization thereof, or for the sufficiency of the lien and security interest purported to be created hereby, and the Trustee makes no representation in respect thereof or in respect of the rights, remedies, and recourses of the Beneficiary or the Secured PartiesLender.

No Required Action. The Trustee shall not be required to take any action ------------------ toward the execution and enforcement of the trust hereby created or to institute, appear in, or defend any action, suit, or other proceeding in connection therewith where, in his Trustee's opinion, such action would be likely to involve him Trustee in expense or liability, unless requested so to do by a written instrument signed by the Beneficiary and, if the Trustee so reasonably requests, unless the Trustee is tendered security and indemnity satisfactory to the Trustee against any and all cost, expense, and liability arising therefrom. The Trustee shall not be responsible for the execution, acknowledgment, or validity of the Loan Documents or the IndentureDocuments, or for the proper authorization thereof, or for the sufficiency of the lien and security interest purported to be created hereby, and the Trustee makes no representation in respect thereof or in respect of the rights, remedies, and recourses of the Beneficiary or the Secured PartiesBeneficiary.

No Required Action. The Deed Trustee shall not be required to ------------------ take any action toward the execution and enforcement of the trust hereby created or to institute, appear in, in or defend any action, suit, suit or other proceeding in connection therewith where, where in his opinion, opinion such action would will be likely to involve him in expense or liability, unless requested so to do by a written instrument signed by the Beneficiary and, if the Deed Trustee so reasonably requests, unless the Deed Trustee is tendered security and indemnity satisfactory to the Trustee him against any and all costcosts, expense, expense and liability liabilities arising therefrom. The Deed Trustee shall not be responsible for the execution, acknowledgment, acknowledgment or validity of the Loan Documents or the Indenturethis Deed of Trust, or for the proper authorization thereof, or for the sufficiency of the lien Lien and security interest purported to be created hereby, and the Trustee makes no representation in respect thereof or in respect of the rights, remedies, remedies and recourses of the Beneficiary or the Secured PartiesBeneficiary.

No Required Action. The Trustee shall not be required to take any action toward the execution and enforcement of the trust hereby created or to institute, appear in, or defend any action, suit, or other proceeding in connection therewith where, in his Trustee’s opinion, such action would be likely to involve him Trustee in expense or liability, unless requested so to do by a written instrument signed by the Beneficiary and, if the Trustee so reasonably requests, unless the Trustee is tendered security and indemnity satisfactory to the Trustee against any and all cost, expense, and liability arising therefrom. The Trustee shall not be responsible for the execution, acknowledgment, or validity of the Loan Documents or the IndentureCollateral Documents, or for the proper authorization thereof, or for the sufficiency of the lien and security interest purported to be created hereby, and the Trustee makes no representation in respect thereof or in respect of the rights, remedies, and recourses of the Beneficiary or the Secured PartiesBeneficiary.