Common use of Protections for Indenture Trustee and Servicer Clause in Contracts

Protections for Indenture Trustee and Servicer. The Indenture Trustee will be entitled to conclusively rely on information supplied to it by the Servicer without independent verification and shall not be responsible for recomputing, recalculating or verifying information provided by the Servicer pertaining to any Servicing Report, Special Servicing Report, Manager Report, Officer’s Certificate or other report. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Guarantor, the Obligors or the Manager, the Servicer’s obligation to furnish such information to the Indenture Trustee, and the Indenture Trustee’s obligation to make such reports available in accordance with the Transaction Documents, will be contingent on its receipt of such information from the relevant Person. The Servicer will be entitled to rely on information supplied by the Guarantor, the Obligors or the Manager in any case without independent verification. The failure of the Servicer to disclose any information otherwise required to be disclosed by this Section 2.09 shall not constitute a breach of this Section 2.09 to the extent that the Servicer so fails because such disclosure, in the reasonable belief of the Servicer, would violate Section 2.10 or any applicable law or any provision of a Transaction Document prohibiting disclosure of information with respect to the Notes or a Tenant Site Asset. The Servicer may disclose any such information or any additional information to any Person so long as such disclosure is consistent with Section 2.10, applicable law and the Servicing Standard. The Servicer may affix to any information provided by it any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 4 contracts

Samples: Servicing Agreement, Servicing Agreement (Landmark Infrastructure Partners LP), Servicing Agreement (Landmark Infrastructure Partners LP)

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Protections for Indenture Trustee and Servicer. The Indenture Trustee will be entitled to conclusively rely on information supplied to it by the Servicer without independent verification and shall not be responsible for recomputing, recalculating or verifying information provided by the Servicer pertaining to any Servicing Report, Special Servicing Report, Manager Report, Officer’s Certificate or other reportverification. To the extent that the information required to be furnished by the Servicer is based on information required to be provided by the Guarantor, the Obligors Issuer Entity, the Asset Entities, Crown International or the Manager, the Servicer’s obligation to furnish such information to the Indenture Trustee, and the Indenture Trustee’s obligation to make such reports available in accordance with the Transaction Documents, Trustee will be contingent on its receipt of such information from the relevant PersonGuarantor, the Issuer Entity, the Asset Entities, Crown International or the Manager. The Servicer will be entitled to rely on information supplied by the Guarantor, the Obligors Issuer Entity, the Asset Entities, Crown International or the Manager in any case without independent verification. The failure of the Servicer to disclose any information otherwise required to be disclosed by this Section 2.09 2.10 shall not constitute a breach of this Section 2.09 2.10 to the extent that the Servicer so fails because such disclosure, in the reasonable belief of the Servicer, would violate Section 2.10 2.11 or any applicable law or any provision of a Transaction Document prohibiting disclosure of information with respect to the Notes or a Tenant Site AssetTower Site. The Servicer may disclose any such information or any additional information to any Person so long as such disclosure is consistent with Section 2.102.11, applicable law and the Servicing Standard. The Servicer may affix to any information provided by it any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Samples: Servicing Agreement (Crown Castle International Corp)

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Protections for Indenture Trustee and Servicer. The Indenture Trustee will be entitled to conclusively rely on information supplied to it by the Servicer without independent verification and shall not be responsible for recomputingverification. Notwithstanding anything to the contrary contained herein, recalculating or verifying information provided by the Servicer pertaining to any Servicing Report, Special Servicing Report, Manager Report, Officer’s Certificate or other report. To the extent that the information required to be furnished by the Servicer (whether pursuant to any Servicer Report, Special Servicer Report or otherwise) is based on information required to be provided by the Guarantor, the Obligors Issuers, Crown International or the Manager, or the Servicer reasonably determines in good faith it requires the Guarantor, the Issuers, Crown International or the Manager to furnish any information the Servicer requires to complete such reports, the Servicer’s obligation to furnish such information and/or such reports to the Indenture Trustee, and the Indenture Trustee’s obligation to make such reports available in accordance with the Transaction Documents, Trustee will be contingent on its the Servicer’s receipt of such information from the relevant PersonGuarantor, the Issuers, Crown International or the Manager within a reasonable period of time prior to the time such information or report is required to be delivered, and Servicer shall not be in breach of this Agreement solely to the extent the failure to deliver any report is due to the failure of the Guarantor, the Issuers, Crown International or the Manager to provide such information. The Servicer will be entitled to rely on information supplied by the Guarantor, the Obligors Issuers, Crown International or the Manager in any case without independent verification. The failure of the Servicer to disclose any information or deliver any reports otherwise required to be disclosed or delivered by this Section 2.09 the Transaction Documents shall not constitute a breach of this Section 2.09 Agreement to the extent that the Servicer so fails because such disclosure, in the reasonable belief of the Servicer, would violate Section 2.10 2.11 or any applicable law or any provision of a Transaction Document prohibiting disclosure of information with respect to the Notes or a Tenant Site AssetTower Site. The Servicer may disclose any such information or any additional information to any Person so long as such disclosure is consistent with Section 2.102.11, applicable law and the Servicing Standard. The Servicer may affix to any information provided by it any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Samples: Servicing Agreement (Crown Castle International Corp)

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