Common use of Non-Reliance Clause in Contracts

Non-Reliance. In the case of Party A, it is acting for its own account, and in the case of Party B, it is acting as Trustee. It has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSA. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it A is acting for its own account, and in the case of with respect to Party B, it the Trustee is acting executing this Agreement on behalf of Party B in its capacity as Trusteetrustee of the Trust. It Each party has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers advisors as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; , it being understood that information and explanations related to the terms and conditions of a Transaction shall will not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall will be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it It is acting for its own account, and account (in the case of Party B, as trustee of the Series Trust), and it is acting as Trustee. It has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment (and in the case of Party B, also on the judgment of the Manager) and upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the any other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall will not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the any other party shall will be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own account, and in the case of Party B, it is acting as Trustee. It Party A has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSA. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own account, and in the case of Party B, it the Trustee is acting as Trusteeon behalf of the Trust. It has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSA. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own account, and in the case of Party B, it is acting as TrusteeSecurities Administrator. It has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSA. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own accountaccount and, and in the case of Party B, it is acting as Trustee. It , and in the case of both parties, it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers advisors as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own accountaccount and, and in the case of Party B, it is acting as Trustee. It , and in the case of both parties, it has made its own independent decisions to enter into that the Transaction and as to whether that the Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers advisors as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that the Transaction; it being understood that information and explanations related to the terms and conditions of a the Transaction shall not be considered investment advice or a recommendation to enter into that the Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that the Transaction.

Non-Reliance. In the case of Party A, it It is acting for its own accountaccount (or, and in the case of Party B, it is acting as Trustee. It trustee of the Securitisation Fund), and has made its own independent decisions decision to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and in the case of Party B, on the judgement of the Manager, upon advice from such advisers as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it A is acting for its own account, account and in the case of with respect to Party B, it the Trustee is acting has been directed under the PSA to execute this Agreement solely as Trusteetrustee on behalf of the Trust. It Each party has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers advisors as it has deemed necessary and, with respect to Party B, as directed under the PSAnecessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction.

Non-Reliance. In the case of Party A, it is acting for its own accountaccount and, and in the case of Party B, it is acting as Trustee. It , and in the case of both parties, it has made its own independent decisions to enter into that the Transaction and as to whether that the Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers advisors as it has deemed necessary and, with respect to Party B, as directed under the PSA. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that the Transaction; it being understood that information and explanations related to the terms and conditions of a the Transaction shall not be considered investment advice or a recommendation to enter into that the Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that the Transaction.