Common use of Reliance; Advice of Counsel Clause in Contracts

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust Estate

Appears in 16 contracts

Samples: Trust Agreement (Newcastle Mortgage Securities Trust 2006-1, Asset-Backed Notes, Series 2006-1), Trust Agreement (New Century Home Equity Loan Trust 2006-1), Trust Agreement (New Century Home Equity Loan Trust 2005-3)

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Reliance; Advice of Counsel. Section 6.057.5. Not Acting in Individual Capacity Section 6.067.6. Owner Trustee Not Liable for Certificates or Related Documents Receivables Section 6.077.7. Owner Trustee May Own Certificates and Notes Section 6.087.8. Payments from Owner Trust Estate

Appears in 5 contracts

Samples: Trust Agreement (Household Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust 2005-2), Trust Agreement (HSBC Auto Receivables Corp)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateCollateral Section 6.09. Doing Business in Other Jurisdictions Section 6.10. Liability of Certificate Registrar and Certificate Paying Agent

Appears in 4 contracts

Samples: Trust Agreement (Renaissance Home Equity Loan Trust 2007-2), Trust Agreement (Renaissance Home Equity Loan Trust 2006-1, Home Equity Loan Asset-Backed Notes, Series 2006-1), Trust Agreement (Renaissance Home Equity Loan Trust 2006-2)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Bonds Section 6.08. Payments from Owner Trust Estate

Appears in 4 contracts

Samples: Trust Agreement (Impac CMB Trust Series 2005-8), Trust Agreement (IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-6), Trust Agreement (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-7)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateNotes

Appears in 3 contracts

Samples: Trust Agreement (MORTGAGEIT TRUST 2005-4, Mortgage-Backed Notes, Series 2005-4), Trust Agreement (BNP Paribas Mortgage Securities LLC), Trust Agreement (BNP Paribas Mortgage ABS LLC)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. 6.06 Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. 6.07 Owner Trustee May Own the Certificates and Notes Section 6.08. Payments from Owner Trust Estatethe Notes

Appears in 3 contracts

Samples: Trust Agreement (Home Equity Mortgage Trust 2007-1), Trust Agreement (CSFB Home Equity Mortgage Trust 2005-Hf1), Trust Agreement (Home Equity Mortgage Trust 2006-2)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust Estate

Appears in 3 contracts

Samples: Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-2), Trust Agreement (Encore Credit Receivables Trust 2005-3), Trust Agreement (Encore Credit Receivables Trust 2005-2)

Reliance; Advice of Counsel. Section 6.056.06. Not Acting in Individual Capacity Capacity. Section 6.066.07. Owner Trustee Not Liable for Certificates or Related Documents Collateral. Section 6.076.08. Owner Trustee May Own Certificates and Notes Notes. Section 6.086.09. Payments from Owner Trust EstateLicenses. Section 6.10. Doing Business in Other Jurisdictions. Section 6.11. Xxxxxxxx-Xxxxx Act Certification.

Appears in 2 contracts

Samples: Trust Agreement (Structured Asset Securities Corp), Trust Agreement (Fieldstone Mortgage Investment Trust, Series 2004-4)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. Owner Trustee Not Liable for Certificates Certificates, Notes or Related Documents Receivables Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateNotes

Appears in 2 contracts

Samples: Trust Agreement (Atlanticus Holdings Corp), Trust Agreement (Compucredit Corp)

Reliance; Advice of Counsel. Section 6.05. 6.05 Not Acting in Individual Capacity Section 6.06. 6.06 Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. 6.07 Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateNotes

Appears in 2 contracts

Samples: Owner Trust Agreement (GE-WMC Mortgage Securities, L.L.C.), Trust Agreement (MortgageIT Securities Corp.)

Reliance; Advice of Counsel. Section 6.056.06. Not Acting in Individual Capacity Section 6.066.07. Owner Trustee Not Liable for Certificates or Related Documents Collateral Section 6.076.08. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateNotes

Appears in 2 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment CORP)

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Reliance; Advice of Counsel. Section 6.056.06. Not Acting in Individual Capacity Capacity. Section 6.066.07. Owner Trustee Not Liable for Trust Certificates or Related Documents Section 6.07. Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateCollateral.

Appears in 1 contract

Samples: Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1)

Reliance; Advice of Counsel. Section 6.056.06. Not Acting in Individual Capacity Capacity. 25 Section 6.066.07. Owner Trustee Not Liable for Trust Certificates or Related Documents Collateral. Section 6.076.08. Owner Trustee May Own Trust Certificates and Notes Notes. Section 6.086.09. Payments from Owner Licenses. ARTICLE VII INDEMNIFICATION AND COMPENSATION 26 Section 7.01. Trust Expenses. 26 Section 7.02. Indemnification. 26 Section 7.03. Compensation. Section 7.04. Lien on Trust Estate. 27

Appears in 1 contract

Samples: Trust Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)

Reliance; Advice of Counsel. Section 6.057.5. Not Acting in Individual Capacity Section 6.067.6. Owner Trustee Not Liable for Certificates or Related Documents Receivables Section 6.077.7. Owner Trustee May Own Certificates and Notes Section 6.087.8. Payments from Owner Trust EstateEstate Section 7.9. Doing Business in Other Jurisdictions

Appears in 1 contract

Samples: Trust Agreement (Household Automotive Trust 2003-2)

Reliance; Advice of Counsel. Section 6.05. 7.5 Not Acting in Individual Capacity Section 6.06. Owner 7.6 Trustee Not Liable for Certificates or Related Documents Receivables Section 6.07. Owner 7.7 Trustee May Not Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateNotes

Appears in 1 contract

Samples: Trust Agreement (GE Capital Credit Card Master Note Trust)

Reliance; Advice of Counsel. Section 6.056.06. Not Acting in Individual Capacity Capacity. Section 6.066.07. Owner Trustee Not Liable for Trust Certificates or Related Documents Collateral. Section 6.076.08. Owner Trustee May Own Trust Certificates and Notes Notes. Section 6.086.09. Payments from Owner Trust EstateLicenses.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6)

Reliance; Advice of Counsel. Section 6.05. Not Acting in Individual Capacity Section 6.06. 6.06 Owner Trustee Not Liable for Certificates or Related Documents Section 6.07. 6.07 Owner Trustee May Own Certificates and Notes Section 6.08. Payments from Owner Trust EstateBonds

Appears in 1 contract

Samples: Trust Agreement (Long Beach Securities Corp)

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