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Common use of Action Not Required Clause in Contracts

Action Not Required. The Owner Trustee will not be required to do any of the following:

Appears in 127 contracts

Sources: Trust Agreement (Verizon Master Trust), Trust Agreement (Ford Credit Auto Owner Trust 2025-B), Trust Agreement (Ford Credit Auto Owner Trust 2025-B)

Related Clauses

  • Mitigation Not Required
  • Notation Not Required
  • Required Not required
  • Registration Not Required
  • Consent Required

Parent Clauses

  • Owner Trustees Authority and Obligations
  • Authority and Obligations of Owner Trustee
  • Electronic Signatures
  • Recovery From Third Parties and Reliefs
  • APPLICABLE LAW AND JURISDICTION

Sub-Clauses

  • Investigation
  • Actions Resulting in Liability
  • Advice
  • Actions of other Parties
  • Actions Resulting in Financial Liability
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