Common use of Programme Parties Clause in Contracts

Programme Parties. In acting as Trustee under the relevant Security Documents, the Trustee shall not assume any duty or responsibility to any Programme Party (other than to pay to any such party any moneys received and payable to it and to act in accordance with the provisions of Condition 6 and, in respect of ETP Securities, the relevant Security Documents) and shall have regard solely to the interests of the ETP Securityholders of any Series or, as the case may be, all Series. The Trustee shall not (subject to the provisions of Clause 21 and Conditions 6 and 14 of the ETP Securities) be obliged to act on any directions of any Programme Party.