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 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 or obligations will be read into this Agreement or any Transaction Document against the Delaware Trustee. 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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