Common use of Trustee May Rely on Certain Information from Servicer Clause in Contracts

Trustee May Rely on Certain Information from Servicer. Pursuant to Sections 5.01, 6.01 and 6.02 of the Assignment and Servicing Agreement and Sections 3.02 through 3.05 hereof, the Servicer is required to furnish to the Trustee and/or the Insurer from time to time certain information and make various calculations which are relevant to the performance of the Trustee's duties in this Article III and in Article IV of this Indenture. The Trustee and the Insurer shall be entitled to rely in good faith on such information or calculations unless and until the Insurer or a Responsible Officer of the Trustee, as the case may be, has actual knowledge, or is advised by any Noteholder or the Insurer (either in writing or orally with prompt written or telecopied confirmation), that such information or calculations is or are incorrect.

Appears in 4 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Insurance Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)

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Trustee May Rely on Certain Information from Servicer. Pursuant to Sections 5.01, 6.01 and 6.02 of the Assignment and Servicing Agreement and Sections 3.02 through 3.05 hereof, the Servicer is required to furnish to the Trustee and/or the Insurer from time to time certain information and make various calculations which are relevant to the performance of the Trustee's duties in this Article III and in Article IV of this Indenture. The Trustee and the Insurer shall be entitled to conclusively rely in good faith on such information or calculations unless and until the Insurer or a Responsible Officer of the Trustee, as the case may be, has actual knowledge, or is advised by any Noteholder or the Insurer (either in writing or orally with prompt written or telecopied confirmationwriting), that such information or calculations is or are incorrect.

Appears in 3 contracts

Samples: Indenture (Ikon Receivables Funding LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Indenture (Ikon Receivables Funding LLC)

Trustee May Rely on Certain Information from Servicer. Pursuant to Sections 5.01, 6.01 and 6.02 of the Assignment and Servicing Agreement and Sections 3.02 through 3.05 hereof, the Servicer is required to furnish to the Trustee and/or the Insurer from time to time certain information and make various calculations which are relevant to the performance of the Trustee's duties in this Article III and in Article IV of this Indenture. The Trustee and the Insurer shall be entitled to conclusively rely in good faith on such information or calculations unless and until the Insurer or a Responsible Officer of the Trustee, as the case may be, has actual knowledge, or is advised by any Noteholder or the Insurer (either in writing or orally with prompt written or telecopied confirmationwriting), that such information or calculations is or are incorrect.

Appears in 1 contract

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)

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Trustee May Rely on Certain Information from Servicer. Pursuant to Sections 5.01, 6.01 and 6.02 of the Assignment and Servicing Agreement and Sections 3.02 through 3.05 hereof, the Servicer is required to furnish to the Trustee [and/or the Insurer Insurer] from time to time certain information and make various calculations which are relevant to the performance of the Trustee's duties in this Article III and in Article IV of this Indenture. The Trustee [and the Insurer Insurer] shall be entitled to rely in good faith on such information or calculations unless and until [the Insurer or or] a Responsible Officer of the Trustee, as the case may be, has actual knowledge, or is advised by any Noteholder [or the Insurer Insurer] (either in writing or orally with prompt written or telecopied confirmation), that such information or calculations is or are incorrect.

Appears in 1 contract

Samples: Ikon Receivables Funding LLC

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