Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee. (b) In the absence of bad faith or negligence on its part, the Indenture Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Agreement and each Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each Series Supplement. (c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.
Appears in 3 contracts
Samples: Master Sale and Servicing Agreement (Household Automotive Trust Vi Series 2000 3), Master Sale and Servicing Agreement (Household Auto Receivables Corp), Master Sale and Servicing Agreement (Household Automotive Trust v Series 2000 2)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, the Indenture Trustee and the Administrator may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee it and conforming to the requirements of this Agreement and each the Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture TrusteeTrustee and/or the Administrator, the Indenture Trustee and/or the Administrator, as the case may be, shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each the Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.
Appears in 3 contracts
Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2004-1), Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-1), Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-2)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, the Indenture Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Agreement and each the Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each the Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.
Appears in 2 contracts
Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2003-2), Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, the Indenture Trustee TRUSTEE may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Agreement and each the Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee TRUSTEE shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each the Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, the Indenture Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Agreement and each the Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each the Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.. ARTICLE XI
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, the Indenture Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Agreement and each Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.. ARTICLE XI
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automotive Trust Iv Series 2000-1)
Successor to Master Servicer. (a) The Indenture Trustee, in its capacity as successor to the Master Servicer, shall perform such duties and only such duties as are specifically set forth in this Agreement and each Basic Document and Series Related Document with respect to the assumption of any servicing duties and no implied covenants or obligations shall be read into this Agreement against the Indenture Trustee.
(b) In the absence of bad faith or negligence on its part, each of the Indenture Trustee and the Administrator may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee them and conforming to the requirements of this Agreement and each the Series Supplement; but in the case of any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Indenture TrusteeTrustee and/or the Administrator, the Indenture Trustee and/or the Administrator, as the case may be, shall be under a duty to examine the same and to determine whether or not they conform to the requirements of this Agreement and each the Series Supplement.
(c) The Indenture Trustee shall have no liability for any actions taken or omitted by the terminated Master Servicer.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-3)