Common use of No Agency or Trust Clause in Contracts

No Agency or Trust. In acting under this Agreement the Agents shall, except as provided in Clause 5.7; have no obligation towards or relationship of agency or trust with any Noteholder or Couponholder and need only perform the duties set out specifically in this Agreement and the Conditions and any duties necessarily incidental to them.

No Agency or Trust. In acting under this Agreement Agreement, the Agents shall, except as provided in Clause 5.7; , act as agents of the Issuer and have no obligation towards or relationship of agency or trust or fiduciary duty with any Noteholder or Couponholder and need only perform the duties set out specifically in this Agreement and the Conditions and no implied duties or obligations shall be read into any duties necessarily incidental to themsuch documents.

No Agency or Trust. In acting under this Agreement the Agents shall, (except as provided in Clause 5.7; 4.7) the Agents shall have no obligation towards or relationship of agency or trust with any Noteholder or Couponholder and need only perform the duties set out specifically in this Agreement and the Conditions and any duties necessarily incidental to them.

No Agency or Trust. In acting under this Agreement Agreement, each Agent shall act solely as agent of the Agents shallIssuer (or, except as provided in the circumstances described in Clause 5.7; 4.1 above, the Trustee) and shall have no obligation or fiduciary duty towards or relationship of agency or trust with any Noteholder or Couponholder and need only perform the duties set out specifically in this Agreement and the Conditions and any duties necessarily incidental to themNoteholder.

No Agency or Trust. In acting under this Agreement Agreement, each Agent shall act solely as agent of the Agents shallIssuer (or, except as provided in the circumstances described in Clause 5.7; 4.1 above, the Trustee) and shall have no obligation or fiduciary duty towards or relationship of agency or trust with any Noteholder or Couponholder Noteholder. The Agents shall have only those duties and need only perform the duties responsibilities expressly set out specifically in this Agreement and no implied duties or obligations shall be read into this Agreement against the Conditions and any duties necessarily incidental Agents, other than the duty to themexercise the diligence of a reasonably prudent agent in comparable circumstances.

No Agency or Trust. In acting under this Agreement the Agents shall, except shall act solely as provided agents of the Issuer other than in the circumstances set out in Clause 5.7; 2.3 of the Trust Deed and have no obligation towards or relationship of agency or trust with any Noteholder or Couponholder Bondholder and need only perform the duties set out specifically in this Agreement and the Conditions and any duties necessarily incidental to themConditions.

No Agency or Trust. In acting under this Agreement Agreement, the Agents shallshall act solely as agents of the Issuer (or, except as provided in where a notice given by the Trustee pursuant to Clause 5.7; 4.1 shall not have been withdrawn, the Trustee) and shall have no obligation towards or relationship of agency or trust with any Noteholder or Couponholder Bondholder and need only perform the duties set out specifically in this Agreement and the Conditions Conditions. For the avoidance of doubt, none of the Agents shall have any duty or responsibility in the case of default by the Issuer in the performance of its obligations under this Agreement and any duties necessarily incidental to themthe Conditions.