Common use of No Deemed Knowledge Clause in Contracts

No Deemed Knowledge. The Indenture Trustee will not be deemed to have knowledge of a Default or any Event of Default or any other fact or event unless (i) a Responsible Person of the Indenture Trustee has actual knowledge of the Default, Event of Default or other fact or event or (ii) where written notice is required, a Responsible Person of the Indenture Trustee has actually received written notice of the specific Default, Event of Default or other fact or event at its Corporate Trust Office, and such notice specifically identifies the Issuer and such Default, Event of Default, or other fact or event. Any notice of a breach of the Eligibility Representation under a Receivables Transfer Agreement delivered to the Indenture Trustee shall specifically identify the Receivables in breach. Knowledge or information acquired by [_____] in its capacity as Indenture Trustee, Note Paying Agent or Note Registrar, as applicable, shall not be imputed to [_____] in any other capacity in which it may act under the Transaction Documents or to any affiliate of [_____] and vice versa.