Common use of Responsible Officer Clause in Contracts

Responsible Officer. The Indenture Trustee shall not be charged with knowledge of a Servicing Termination Event, of any breach of a representation or warranty of any other party to the Transaction Documents or of any other event unless either (i) a Responsible Officer shall have actual knowledge of such breach of a representation or warranty or other event or (ii) written notice of such breach of a representation or warranty or other event shall have been given to a Responsible Officer of the Indenture Trustee in accordance with the provisions of this Agreement.

Appears in 43 contracts

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)

AutoNDA by SimpleDocs

Responsible Officer. The Indenture Trustee shall not be charged with knowledge of a Servicing Termination Event, of any breach of a representation or warranty of any other party to the Transaction Documents or of any other event unless either (i) a Responsible Officer shall have actual knowledge of such breach of a representation or warranty or other event or (ii) written notice of such breach of a representation or warranty or other event shall have been given to a Responsible Officer of the Indenture Trustee in accordance with the provisions of this Agreement.

Appears in 19 contracts

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)

AutoNDA by SimpleDocs

Responsible Officer. The Indenture Trustee shall not be charged with knowledge of a Servicing Termination EventEevent, of any ofany breach of a representation or warranty of any other party to the Transaction Documents or of any other event unless either (i) a Responsible Officer shall have actual knowledge of such breach of a representation or warranty or other event or (ii) written notice of such breach of a representation or warranty or other event shall have been given to a Responsible Officer of the Indenture Trustee in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.