Certain Matters Affecting Trustee Sample Clauses
The 'Certain Matters Affecting Trustee' clause defines the specific rights, responsibilities, and limitations of the trustee in the context of the trust agreement. It typically outlines circumstances under which the trustee is protected from liability, such as when acting in good faith or relying on advice from professionals, and may specify actions the trustee is permitted or prohibited from taking. This clause serves to clarify the trustee's role, reduce ambiguity regarding their obligations, and protect them from undue risk, thereby ensuring the effective and secure administration of the trust.
Certain Matters Affecting Trustee. Except as otherwise provided in Section 8.1:
(i) Before acting or refraining from acting the Trustee may request or require an Officer's Certificate; the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, Officer's Certificate, opinion of counsel, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;
(ii) The Trustee may consult with counsel, and any advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel;
(iii) The Trustee shall not be personally liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;
(iv) The right of the Trustee to perform any discretionary act enumerated in this Agreement shall not be construed as a duty, and the Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act;
(v) The Trustee shall not be required to give any bond or surety in respect of the execution of the Trust Fund created hereby or the powers granted hereunder; and
(vi) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys or custodians, and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent, attorney or custodian appointed by the Trustee with care. Any such agents, attorneys or custodians shall be entitled to all indemnities and protection afforded to the Trustee. Any designee of the Trustee shall be considered its "agent" hereunder whether performing it as an independent contractor or otherwise.
Certain Matters Affecting Trustee. Section 8.03 Trustee Not Liable for Validity or Sufficiency of Certificates or Mortgage Loans.............................. Section 8.04 Trustee May Own Certificates................................. Section 8.05 Fees and Expenses of Trustee; Indemnification of Trustee..... Section 8.06
Certain Matters Affecting Trustee. 96 Section 8.3 Trustee Not Required to Make Investigation............................................96 Section 8.4 Trustee Not Liable for Certificates or Loans..........................................97 Section 8.5 Trustee May Own Certificates..........................................................97 Section 8.6 Servicer to Pay Trustee's Fees and Expenses...........................................97 Section 8.7 Eligibility Requirements for Trustee..................................................98 Section 8.8 Resignation and Removal of Trustee....................................................98 Section 8.9
Certain Matters Affecting Trustee. Trustee and Fiscal Agent Not Liable for Validity or Sufficiency of Certificates or Loans........................ Section 8.04 Trustee and Fiscal Agent May Own Certificates................
Certain Matters Affecting Trustee. 104 Section 8.3 TRUSTEE NOT REQUIRED TO MAKE INVESTIGATION...........................................104 Section 8.4 TRUSTEE NOT LIABLE FOR CERTIFICATES OR LOANS.........................................105 Section 8.5 TRUSTEE MAY OWN CERTIFICATES.........................................................105 Section 8.6 SERVICER TO PAY TRUSTEE'S FEES AND EXPENSES..........................................105 Section 8.7 ELIGIBILITY REQUIREMENTS FOR TRUSTEE.................................................106 Section 8.8
Certain Matters Affecting Trustee. 224 SECTION 8.03 Trustee and Fiscal Agent Not Liable for Validity or Sufficiency of Certificates or Mortgage Loans............................. 225 SECTION 8.04 Trustee May Own Certificates..................................... 226 SECTION 8.05 Fees and Expenses of Trustee; Indemnification of Trustee......... 226 SECTION 8.06 Eligibility Requirements for Trustee............................. 226 SECTION 8.07 Resignation and Removal of Trustee............................... 227 SECTION 8.08 Successor Trustee................................................ 228 SECTION 8.09 Merger or Consolidation of Trustee............................... 229 SECTION 8.10 Appointment of Co-Trustee or Separate Trustee.................... 229 SECTION 8.11 Appointment of Custodians........................................ 230 SECTION 8.12 Appointment of Authenticating Agents............................. 231
Certain Matters Affecting Trustee. 65 Section 11.05. Trustee Not Liable for Certificates or Receivables. . . . . . . . . . . 66 Section 11.06. Trustee May Own Certificates . . . . . . . . . . 67 Section 11.07. Trustee's Fees and Expenses . . . . . . . . . . . . 67 Section 11.08.
Certain Matters Affecting Trustee. Except as otherwise provided in Section 8.01:
Certain Matters Affecting Trustee. 84 8.3. Trustee Not Required to Make Investigation......................... 85 8.4. Trustee Not Liable for Certificates or Mortgage Loans.............. 85 8.5. Trustee May Own Certificates....................................... 86 8.6. Master Servicer to Pay Trustee's Fees and Expenses................. 86 8.7.
Certain Matters Affecting Trustee. 86 Section 8.3 Trustee Not Required to Make Investigation.....................................................87 Section 8.4 Trustee Not Liable for Certificates or Loans...................................................87 Section 8.5 Trustee May Own Certificates...................................................................88 Section 8.6 Servicer to Pay Trustee's Fees and Expenses....................................................88 Section 8.7 Eligibility Requirements for Trustee...........................................................88 Section 8.8 Resignation and Removal of Trustee.............................................................88 Section 8.9 Successor Trustee..............................................................................89 Section 8.10 Merger or Consolidation of Trustee.............................................................89 Section 8.11 Appointment of Co-Trustee or Separate Trustee..................................................90 Section 8.12 Appointment of Custodians......................................................................90 Section 8.13