Common use of NO RESPONSIBILITY FOR SECURITY Clause in Contracts

NO RESPONSIBILITY FOR SECURITY. the Security Trustee shall not be responsible for any Liability occasioned to the Security however caused, whether by an act or omission of the Loan Note Issuer or any other party to the Documents, Receivables Document or security or any other person (including any bank, broker, depositary, warehouseman or other intermediary or any clearing system or operator thereof) acting in accordance with or contrary to the provisions of any of the Documents or otherwise and irrespective of whether the Security is held by or to the order of any of such persons, unless such loss is caused by the fraud, wilful default or negligence of the Security Trustee;

NO RESPONSIBILITY FOR SECURITY. the The Security Trustee shall not be responsible for any Liability occasioned to the Security however caused, whether by an act or omission of the Loan Note Issuer or any other party to the Documents, Receivables Document or security Relevant Documents or any other person (including any bank, broker, depositary, warehouseman depositary or other intermediary or any clearing system or operator thereof) acting in accordance with or contrary to the provisions of any of the Series Documents or the other Relevant Documents or otherwise and irrespective of whether the Security is held by or to the order of any of such persons, unless such loss is caused by the fraud, wilful default or negligence of the Security Trustee;.

NO RESPONSIBILITY FOR SECURITY. the The Security Trustee shall not be responsible for any Liability occasioned in relation to the Security however caused, whether by an act or omission of the Loan Note Issuer or any other party to the Documents, Receivables Document or security Transaction Documents or any other person (including any bank, broker, depositary, warehouseman depositary or other intermediary or any clearing system or operator thereof) acting in accordance with or contrary to the provisions of any of the Transaction Documents or otherwise and irrespective of whether the Security is held by or to the order of any of such persons, unless such loss is caused by the fraud, wilful default or negligence of the Security Trustee;