Common use of Xx Duties Except as Specified in this Agreement or in Instructions Clause in Contracts

Xx Duties Except as Specified in this Agreement or in Instructions. (a) The Delaware Trustee will not have any duty (including fiduciary duties arising at law or in equity) or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any written instruction received by the Delaware Trustee pursuant to Article IV; and no implied duties (including fiduciary duties arising at law or in equity) or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee, and such duties are hereby eliminated. The Delaware Trustee will have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien. The Delaware Trustee will have no responsibility or obligation to prepare, execute or file any Securities and Exchange Commission or other securities law filing or report, to prepare or file any tax filing or report, to maintain any qualification to do business for the Issuer, or to record this Agreement or any Transaction Document or to monitor or ensure compliance with any regulatory requirements applicable to the Issuer, the Trust Estate, the Notes or the Certificates (including any applicable rules or regulations governing risk retention).

Appears in 6 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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Xx Duties Except as Specified in this Agreement or in Instructions. (a) The Delaware Trustee will not have any duty (including fiduciary duties arising at law or in equity) or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any written instruction received by the Delaware Trustee pursuant to Article IV; and no implied duties (including fiduciary duties arising at law or in equity) or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee, and such duties are hereby eliminated. The Delaware Trustee will have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien. The Delaware Trustee will have no responsibility or obligation to (i) prepare, execute or file any filing or report required by the U.S. Securities and Exchange Commission or under any other securities law filing or reportlaw, to (ii) prepare or file any tax filing or report, to (iii) obtain, file or maintain any license, regulatory or other filing (other than any amendment or cancellation of the Certificate of Trust as may be required under the Statutory Trust Act), (iv) obtain or file any report or qualification to do business for the Issuer, or to (v) record this Agreement or any Transaction Document or to (vi) monitor or ensure compliance with any regulatory requirements applicable to the Issuer, the Trust Estate, the Notes Notes, the Certificates or the Certificates beneficial owners of the Issuer (including the CTA or any applicable rules or regulations governing risk retention).

Appears in 1 contract

Samples: Trust Agreement

Xx Duties Except as Specified in this Agreement or in Instructions. (a) The Delaware Trustee will not have any duty (including fiduciary duties arising at law or in equity) or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any written instruction received by the Delaware Trustee pursuant to Article IV; and no implied duties (including fiduciary duties arising at law or in equity) or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee, and such duties are hereby eliminated. The Delaware Trustee will have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien. The Delaware Trustee will have no responsibility or obligation to prepare, execute or file any Securities and Exchange Commission or other securities law filing or report, to prepare or file any tax filing or report, to obtain or maintain any license, regulatory or other filing (other than the Certificate of Trust and any amendment or cancellation thereof), report or qualification to do business for the Issuer, or to record this Agreement or any Transaction Document or to monitor or ensure compliance with any regulatory requirements applicable to the Issuer, the Trust Estate, the Notes Notes, the Certificates or the Certificates beneficial owners of the Issuer (including the CTA or any applicable rules or regulations governing risk retention).

Appears in 1 contract

Samples: Trust Agreement

Xx Duties Except as Specified in this Agreement or in Instructions. (a) The Delaware Trustee will not have any duty (including fiduciary duties arising at law or in equity) or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any written instruction received by the Delaware Trustee pursuant to Article IV; and no implied duties (including fiduciary duties arising at law or in equity) or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee, and such duties are hereby eliminated. The Delaware Trustee will have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien. The Delaware Trustee will have no responsibility or obligation to prepare, execute or file any Securities and Exchange Commission or other securities law filing or report, to prepare or file any tax filing or report, to obtain, file or maintain any license, regulatory or other filing (other than any amendment or cancellation of the Certificate of Trust as may be required under the Statutory Trust Act) or report or qualification to do business for the Issuer, or to record this Agreement or any Transaction Document or to monitor or ensure compliance with any regulatory requirements applicable to the Issuer, the Trust Estate, the Notes Notes, the Certificates or the Certificates beneficial owners of the Issuer (including the CTA or any applicable rules or regulations governing risk retention).

Appears in 1 contract

Samples: Trust Agreement

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Xx Duties Except as Specified in this Agreement or in Instructions. (a) The Delaware Trustee will not have any duty (including fiduciary duties arising at law or in equity) or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any written instruction received by the Delaware Trustee pursuant to Article IV; and no implied duties (including fiduciary duties arising at law or in equity) or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee, and such duties are hereby eliminated. The Delaware Trustee will have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien. The Delaware Trustee will have no responsibility or obligation to prepare, execute or file any Securities and Exchange Commission or other securities law filing or report, to prepare or file any tax filing or report, to obtain or maintain any license or qualification to do business for the Issuer, or to record this Agreement or any Transaction Document or to monitor or ensure compliance with any regulatory requirements applicable to the Issuer, the Trust Estate, the Notes or the Certificates (including the CTA or any applicable rules or regulations governing risk retention).

Appears in 1 contract

Samples: Trust Agreement

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