No Duties. Except as Specified in This Agreement or in Instructions. The Owner Trustee shall 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 Assets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets that result from actions by, or claims against, the Owner Trustee, in its individual capacity, that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction Documents.
Appears in 6 contracts
Samples: Trust Agreement (Cit Equipment Collateral 2001-1), Trust Agreement (Cit Equipment Collateral 2001-1), Trust Agreement (Cit Equipment Collateral 2003-Vt1)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; 6.3, and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it willshall, however, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 6 contracts
Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsProperty, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including as provided in Section 6.026.2) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Related Document against the Owner Trustee. The Owner Trustee shall have no responsibility for preparing, monitoring or filing any financing or continuation statement statements in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Related Document; however, the Owner Trustee will from time to time execute and deliver such financing or continuation statements as are prepared by the Servicer and delivered to the Owner Trustee in final execution form for its execution on behalf of the Trust for the purpose of perfecting or maintaining the perfection of such a security interest or lien or effecting such a recording. The Owner Trustee nevertheless agrees that it will, at its own cost and expenseexpense (and not at the expense of the Trust), promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Property that result from actions by, or are attributable to claims against, against the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsProperty.
Appears in 5 contracts
Samples: Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, ------------ make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust Assetsor the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no ----------- implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for any filing or recording, including 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 granted to it or the Trust hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee in its individual capacity nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets Estate or the transactions contemplated by the Transaction Documents.
Appears in 5 contracts
Samples: Trust Agreement (First Consumers Master Trust), Trust Agreement (Spiegel Master Trust), Trust Agreement (Spiegel Master Trust)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 3 contracts
Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)
No Duties. Except as Specified in This Agreement this Agreement, the Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Operative Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Operative Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Operative Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 3 contracts
Samples: Trust Agreement (Imc Securities Inc), Trust Agreement (Imc Home Equity Loan Owner Trust 1997-8), Trust Agreement (First Alliance Mortgage Co /De/)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 3 contracts
Samples: Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2), Owner Trust Agreement (Bcap LLC)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, ------------ make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 3 contracts
Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust Assetsor the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for any filing or recording, including 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 granted to it or the Trust hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee in its individual capacity nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets Estate or the transactions contemplated by the Transaction Documents.
Appears in 2 contracts
Samples: Trust Agreement (Advanta Business Recievables Corp), Trust Agreement (Associates Credit Card Receivables Corp)
No Duties. Except as Specified in This Agreement or in Instructions. The Owner Trustee shall 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 Assets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets that result from actions by, or claims against, the Owner Trustee, in its individual capacity, that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsAssets.
Appears in 2 contracts
Samples: Trust Agreement (NCT Funding Co LLC), Trust Agreement (NCT Funding Co LLC)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (Home Equity Securitization Corp), Trust Agreement (Residential Asset Funding Corp)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, ------------ make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation or termination statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall 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 AssetsProperty, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Related Document against the Owner Trustee. The Owner Trustee shall have no responsibility for preparing or filing any tax or securities law filing or report with respect to the Issuer of the Notes or 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Related Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Property that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsProperty.
Appears in 2 contracts
Samples: Trust Agreement (Paragon Auto Receivables Corp), Trust Agreement (Paragon Auto Receivables Corp)
No Duties. Except as Specified in This this Agreement or in InstructionsInstructions . The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two L P)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Prudential Securities Secured Financing Corp)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, in its individual capacity, Bank that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (Usaa Federal Savings Bank), Trust Agreement (Usaa Federal Savings Bank Usaa Auto Owner Trust 2001-1)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 2 contracts
Samples: Trust Agreement (American Business Financial Services Inc /De/), Trust Agreement (American Business Financial Services Inc /De/)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, in its individual capacity, that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction Documents.actions
Appears in 2 contracts
Samples: Trust Agreement (Ford Motor Credit Co), Trust Agreement (Ford Credit Auto Receivables Two L P)
No Duties. Except as Specified in This Agreement or in Instructions. The Owner Trustee shall 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 Assets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law or tax law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets that result from actions by, or claims against, the Owner Trustee, in its individual capacity, that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction Documents.
Appears in 1 contract
Samples: Trust Agreement (Cit Ec Ef 2001-A)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Americredit Financial Services Inc)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; , and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 Lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing or tax filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsProperty or act on behalf of the Issuer, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Issuer is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03hereunder; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for officer's certificates or certificates of compliance to be executed by the Issuer or 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 granted to it hereunder or to prepare or file any securities law filing for the Trust with the Securities and Exchange Commission or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Property that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsProperty.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, ------------ make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, will promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This Agreement Agreement, The Basic Documents or in Any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Deposit Trust Agreement (Fund America Investors Corp Ii)
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust or the Trust Assets, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for any filing or recording, including 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 granted to it or the Trust hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee in its individual capacity nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens (other than the Lien of the Indenture) on any part of the Trust Assets that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction Documents.
Appears in 1 contract
Samples: Trust Agreement (Nordstrom Inc)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust Issuer or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens (other than the Lien of the Indenture) on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement ----------------------------------------------- or in Instructions. The Owner Trustee shall not have any duty or obligation to ------------------ manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; 6.3, and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it willshall, however, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer or the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall 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 Adverse Claim granted to it hereunder or to prepare or file any securities law Commission filing for the Trust Issuer or to record this Agreement or any other Transaction Document. The Owner Trustee [__________] nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Adverse Claims on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, [__________] that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Volkswagen Public Auto Loan Securitization LLC)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall 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 AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Trust Assets Estate or the transactions contemplated by Grant of any portion thereof to the Transaction DocumentsIndenture Trustee pursuant to the Indenture.
Appears in 1 contract
Samples: Owner Trust Agreement (Auto Nations Receivables Corp)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, will promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement ----------------------------------------------- or in InstructionsInstructions . The Owner Trustee shall not have any duty or obligation to ------------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.037.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing to file any financing or continuation statement in any public office at any time or otherwise to otherwise perfect or to maintain the perfection of any security interest or lien granted to it hereunder under the Indenture or to prepare or file any securities law SEC filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This the Trust Agreement or in ----------------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this the Trust Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this the Trust Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this the Trust Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, in its individual capacity, that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction Documents.,
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Indymac Abs Inc)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment anypayment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee (solely in its individual capacity, ) and that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Americredit Financial Services Inc)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to manage, ------------ make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (First Horizon Asset Securities Inc)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any other Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 Lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Deposit Trust Agreement (Prudential Securities Secured Financing Corp)
No Duties. Except as Specified in This Agreement this Agreement, the Program Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Program Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time anytime or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Program Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, 32 38 or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Ford Credit Auto Receivables Two L P)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust Assetsor 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 Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for any filing or recording, including 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 granted to it hereunder or to prepare or file any securities law Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets Estate or the transactions contemplated by the Transaction Documents.
Appears in 1 contract
Samples: Trust Agreement (Household Credit Card Master Note Trust I)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; 6.3, and no implied duties or obligations shall be read into this Agreement or any other Transaction Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee nevertheless agrees that it willshall, however, at its own cost and expense, promptly take all action as may be necessary to discharge any liens lien (other than the lien of the Indenture) on any part of the Owner Trust Assets Estate that result results from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as that may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Form of Trust Agreement (Asset Backed Securities Corp)
No Duties. Except as Specified in This Agreement this Agreement, in Related Documents or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust Assets, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including as provided in Section 6.02) 6.2), in any Related Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Related Document against the Owner Trustee. The Owner Trustee shall have no responsibility for preparing, monitoring or filing any financing or continuation statement statements in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Related Document; however, the Owner Trustee will from time to time execute and deliver such financing or continuation statements as are prepared by the Servicer and delivered to the Owner Trustee for its execution on behalf of the Trust for the purpose of perfecting or maintaining the perfection of such a security interest or lien or effecting such a recording. The Owner Trustee nevertheless agrees that it will, at its own cost and expenseexpense (and not at the expense of the Trust), promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets that result from actions by, or are attributable to claims against, against the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsAssets.
Appears in 1 contract
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Prudential Securities Secured Financing Corp)
No Duties. Except as Specified in This Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee or Designee, as applicable, shall not have any duty or ------------ obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee is a partyhereby, except as expressly provided by the terms of this Agreement (including Section 6.02) or the Basic Agreements or in any document or written instruction received by the Owner Trustee or Designee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Document document against the Owner TrusteeTrustee or Designee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Document. The Owner Trustee Company nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Estate that result from actions by, by or claims against, against the Owner Trustee, in its individual capacity, Trust Company that are not related to the ownership or the administration of the Trust Assets Estate, this Agreement, or the transactions contemplated by the Transaction DocumentsTrust Company's service or status as Trustee.
Appears in 1 contract
Samples: Intercreditor Agreement (Artisan Entertainment Inc)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any other Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (American Business Financial Services Inc /De/)
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, this Agreement or any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any other Basic Document or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.037.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Accred Home LNDRS Inc Ac Mor Ln Tr 2002-1 as Bk Nt Se 2002-1)
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. ------------ The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsProperty, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee Trust is a party, except as expressly provided by the terms of this Agreement (including as provided in Section 6.026.2) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Related Document against the Owner Trustee. The Owner Trustee shall have no responsibility for preparing, monitoring or filing any financing or continuation statement statements in any public office at any time or otherwise to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Related Document; however, the Owner Trustee will from time to time execute and deliver such financing or continuation statements as are prepared by the Servicer and delivered to the Owner Trustee in final execution form for its execution on behalf of the Trust for the purpose of perfecting or maintaining the perfection of such a security interest or lien or effecting such a recording. The Owner Trustee nevertheless agrees that it will, at its own cost and expenseexpense (and not at the expense of the Trust), promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Property that result from actions by, or are attributable to claims against, against the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsProperty.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee or the Trust is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or this Section 6.036.04; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 Lien granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens Liens on any part of the Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, Trustee in its individual capacity, capacity that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation obligations to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.035.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Trust Assets Owner Trustee Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
No Duties. Except as Specified in This Agreement this Agreement, the Basic Documents or in Any Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) Agreement, any Basic Document, or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.036.3; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Deposit Trust Agreement (Union Planters Mortgage Finance Corp)
No Duties. Except as Specified in This this Agreement or in --------------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of of, or otherwise deal with the Owner Trust AssetsEstate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement (including Section 6.02) or in any document or written instruction received by the Owner Trustee pursuant to Article IV or Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Transaction Basic Document against the Owner Trustee. The Owner Trustee shall 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 granted to it hereunder or to prepare or file any securities law Securities and Exchange Commission filing for the Trust or to record this Agreement or any other Transaction Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Owner Trust Assets Estate that result from actions by, or claims against, the Owner Trustee, in its individual capacity, Trustee that are not related to the ownership or the administration of the Owner Trust Assets or the transactions contemplated by the Transaction DocumentsEstate.
Appears in 1 contract
Samples: Trust Agreement (Indymac Abs Inc)
