Common use of Multiple Roles Clause in Contracts

Multiple Roles. The parties expressly acknowledge and consent to ▇▇▇▇▇ Fargo Bank, National Association acting in the multiple capacities of Securities Intermediary, Depositary Bank, Paying Agent, Note Registrar, and in the capacity as Indenture Trustee. ▇▇▇▇▇ Fargo Bank, National Association may, in such multiple capacities, discharge its separate functions fully, without hindrance or regard to conflict of interest principles or other breach of duties to the extent that any such conflict or breach arises from the performance by ▇▇▇▇▇ Fargo Bank, National Association of express duties set forth in this Indenture and any other Related Documents in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by ▇▇▇▇▇ Fargo Bank, National Association.

Appears in 1 contract

Sources: Indenture (Textainer Group Holdings LTD)

Multiple Roles. The parties expressly acknowledge and consent to ▇▇▇▇▇ Fargo Bank, National Association acting in the multiple capacities possible dual capacity of Securities Intermediary, Depositary Bank, Paying Agent, Note Registrar, successor Servicer and in the capacity as capacities of Indenture TrusteeTrustee and Trust Collateral Agent. ▇▇▇▇▇ Fargo Bank, National Association may, in such multiple capacitiesdual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by ▇▇▇▇▇ Fargo Bank, National Association of express duties set forth in this Indenture and or any other Related Documents Basic Document in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by ▇▇▇▇▇ Fargo Bank, National Association.. 20510355.11

Appears in 1 contract

Sources: Indenture (Credit Acceptance Corp)

Multiple Roles. The parties expressly acknowledge and consent to W▇▇▇▇ Fargo Bank, National Association acting in the multiple capacities possible dual capacity of Securities Intermediary, Depositary Bank, Paying Agent, Note Registrar, successor Servicer and in the capacity as capacities of Indenture TrusteeTrustee and Trust Collateral Agent. W▇▇▇▇ Fargo Bank, National Association may, in such multiple capacitiesdual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by W▇▇▇▇ Fargo Bank, National Association of express duties set forth in this Indenture and or any other Related Documents Basic Document in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by W▇▇▇▇ Fargo Bank, National Association.. [THIS SPACE LEFT INTENTIONALLY BLANK]

Appears in 1 contract

Sources: Indenture (Credit Acceptance Corp)

Multiple Roles. The parties expressly acknowledge and consent to ▇▇▇▇▇ Fargo Bank, National Association acting in the multiple capacities possible dual capacity of Securities Intermediary, Depositary Bank, Paying Agent, Note Registrar, successor Servicer and in the capacity as Indenture TrusteeTrustee and Trust Collateral Agent. ▇▇▇▇▇ Fargo Bank, National Association may, in such multiple capacitiesdual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by ▇▇▇▇▇ Fargo Bank, National Association of express duties set forth in this Indenture and or any other Related Documents Basic Document in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by ▇▇▇▇▇ Fargo Bank, National Association.. [THIS SPACE LEFT INTENTIONALLY BLANK]

Appears in 1 contract

Sources: Indenture (Credit Acceptance Corporation)

Multiple Roles. The parties expressly acknowledge and consent to ▇▇▇▇▇ Fargo Bank, National Association acting in the multiple capacities possible dual capacity of Securities Intermediary, Depositary Bank, Paying Agent, Note Registrar, successor Servicer and in the capacity as capacities of Indenture TrusteeTrustee and Trust Collateral Agent. ▇▇▇▇▇ Fargo Bank, National Association may, in such multiple capacitiesdual capacity, discharge its separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by ▇▇▇▇▇ Fargo Bank, National Association of express duties set forth in this Indenture and or any other Related Documents Basic Document in any of such capacities, all of which defenses, claims or assertions are hereby expressly waived by the other parties hereto except in the case of negligence (other than errors in judgment) and willful misconduct by ▇▇▇▇▇ Fargo Bank, National Association.. 21345541.5

Appears in 1 contract

Sources: Indenture (Credit Acceptance Corp)