Common use of Use of Agents Clause in Contracts

Use of Agents. The Indenture Trustee may exercise its rights or powers under this Indenture or perform its obligations under this Indenture either directly or by or through agents or attorneys or a custodian or nominee. The Indenture Trustee will not be responsible for misconduct or negligence on the part of, or for the supervision of, the agent, attorney, custodian or nominee appointed by it with due care.

Appears in 76 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-A)

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Use of Agents. The Indenture Trustee may exercise its rights or powers under this Indenture or perform its obligations under this Indenture either directly or by or through agents or attorneys or a custodian or nominee. The Indenture Trustee will not be responsible for misconduct or negligence on the part of, or for the supervision of, the agent, attorneycounsel, custodian or nominee appointed with due care by it with due careunder this Indenture.

Appears in 76 contracts

Samples: Indenture (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

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