Common use of The Trustee and the Note Administrator Clause in Contracts

The Trustee and the Note Administrator. (a) Without prejudice to any rights and protections provided to the Trustee and the Note Administrator under the Indenture, the Trustee and the Note Administrator (including in its capacity as Calculation Agent) shall not have any (i) responsibility or liability for the determination of the Benchmark Replacement or Benchmark Replacement Conforming Changes and shall be entitled to rely upon any determination of such by the Designated Transaction Representative, or (ii) responsibility or liability for any failure or delay in performing their respective duties under the Indenture as a result of the unavailability of LIBOR. The Note Administrator and the Trustee shall be entitled to rely upon the notices provided by the Designated Transaction Representative facilitating or specifying the Benchmark Replacement, Benchmark Replacement Date, Benchmark Replacement Conforming Changes and such other administrative procedures with respect to the calculation of any Benchmark Replacement.

Appears in 2 contracts

Samples: Supplemental Indenture (Granite Point Mortgage Trust Inc.), Supplemental Indenture (Granite Point Mortgage Trust Inc.)

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The Trustee and the Note Administrator. (a) Without prejudice to any rights and protections provided to the Trustee and the Note Administrator under the Indenture, the Trustee and the Note Administrator (including in its capacity as Calculation Agent) shall not have any (i) responsibility or liability for the selection or determination of the a Benchmark Replacement or Benchmark Replacement Conforming Changes Confirming Changes, and shall be entitled to rely upon any such selection or determination of such by the Designated Transaction RepresentativeCollateral Manager, or (ii) responsibility or liability for any failure or delay in performing their respective duties under the Indenture as a result of the unavailability of LIBOR. The Trustee and the Note Administrator and the Trustee shall be entitled to rely upon the notices provided by the Designated Transaction Representative Collateral Manager facilitating or specifying the Benchmark Replacement, Benchmark Replacement Date, Benchmark Replacement Conforming Changes and such other administrative procedures with respect to the calculation of any Benchmark Replacement.

Appears in 2 contracts

Samples: Supplemental Indenture (BrightSpire Capital, Inc.), Supplemental Indenture (BrightSpire Capital, Inc.)

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The Trustee and the Note Administrator. (a) Without prejudice to any rights and protections provided to the Trustee and the Note Administrator under the Indenture, neither the Trustee and nor the Note Administrator (including in its capacity as Calculation Agent) shall not have any (i) responsibility or liability for the selection or determination of the a Benchmark Replacement or Benchmark Replacement Conforming Changes Changes, and shall be entitled to rely upon any such selection or determination of such by the Designated Transaction Representative, or (ii) responsibility or liability for any failure or delay in performing their respective duties under the Indenture as a result of the unavailability of LIBOR. The Trustee and the Note Administrator and the Trustee shall be entitled to rely upon the notices provided by the Designated Transaction Representative facilitating or specifying the Benchmark Replacement, Benchmark Replacement Date, Benchmark Replacement Conforming Changes and such other administrative procedures with respect to the calculation of any Benchmark Replacement.

Appears in 1 contract

Samples: Supplemental Indenture (KKR Real Estate Finance Trust Inc.)

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