Common use of Duties of Trustee; Notice of Defaults Clause in Contracts

Duties of Trustee; Notice of Defaults. (a) The Trustee shall not (except during the continuance of an Event of Default) be liable except for the performance by the Trustee of such duties, and only such duties, as are specifically set forth in the Series Trust Agreement and the other Basic Documents, including the administration of the Trust in the interest of the Certificateholders, subject to the Basic Documents and in accordance with the provisions of the Series Trust Agreement. No implied covenants or obligations shall be read into the Series Trust Agreement against the Trustee or the Depositor. During the period that an Event of Default shall have occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by the Series Trust Agreement, and shall use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.

Duties of Trustee; Notice of Defaults. (a) The Trustee shall not (except during the continuance of an Event of Default) be liable except for the performance by the Trustee of such duties, and only such duties, as are specifically EXHIBIT 4.4 set forth in the Series Trust Agreement and the other Basic Documents, including the administration of the Trust in the interest of the Certificateholders, subject to the Basic Documents and in accordance with the provisions of the Series Trust Agreement. No implied covenants or obligations shall be read into the Series Trust Agreement against the Trustee or the Depositor. During the period that an Event of Default shall have occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by the Series Trust Agreement, and shall use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.