Examples of Basic Documents in a sentence
If the Owner Trustee shall not have received appropriate instruction within 10 days of such notice (or within such shorter period of time as reasonably may be specified in such notice or may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking such action not inconsistent with this Agreement or the Basic Documents, as it shall deem necessary, and shall have no liability to any Person for such action or inaction.
The arbitrator will resolve the dispute according to the terms of this Agreement and the other Basic Documents, and may not modify or change this Agreement or the other Basic Documents in any way or award remedies not consistent with the Basic Documents.
Whenever the term “including” (whether or not that term is followed by the phrase “but not limited to” or “without limitation” or words of similar effect) is used in this Appendix or the Basic Documents in connection with a listing of items within a particular classification, that listing will be interpreted to be illustrative only and will not be interpreted as a limitation on, or exclusive listing of, the items within that classification.
To the extent that the definitions of accounting terms in this Appendix or the Basic Documents are inconsistent with the meanings of such terms under generally accepted accounting principles, the definitions contained in this Appendix or the Basic Documents will control.
Unless expressly authorized by the Basic Documents or the Issuing Entity [or the Grantor Trust, as applicable], the Servicer shall have no authority to act for or represent the Issuing Entity, the Owner Trustee[, the Grantor Trust or the Grantor Trust Trustee] in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuing Entity, the Owner Trustee[, the Grantor Trust or the Grantor Trust Trustee].