Common use of Absence of Duties Clause in Contracts

Absence of Duties. In the case of the Indenture Trustee, except in accordance with written instructions furnished pursuant to Section 5.01 or 5.02 hereof, and except as provided in, and without limiting the generality of, Sections 5.03 and 5.04 hereof, the Indenture Trustee shall have no duty (i) to see to any registration of the Aircraft or any recording or filing of this Trust Indenture or any other document, or to see to the maintenance of any such registration, recording or filing, (ii) to see to any insurance on the Aircraft or to effect or maintain any such insurance, whether or not the Owner shall be in default with respect thereto, (iii) to see to the payment or discharge of any lien or encumbrance of any kind against any part of the Collateral, (iv) to confirm, verify or inquire into the failure to receive any financial statements from the Owner, or (v) to inspect the Aircraft at any time or ascertain or inquire as to the performance or observance of any of the Owner's covenants herein with respect to the Aircraft.

Absence of Duties. In the case of the Indenture Trustee, except in accordance with written instructions furnished pursuant to Section 5.01 or 5.02 hereof, and except as provided in, and without limiting the generality of, Sections 5.03 and 5.04 hereof, the Indenture Trustee shall have no duty (i) to see to any registration of the Aircraft or any recording or filing of this Trust Indenture or any other document, or to see to the maintenance of any such registration, recording or filing, (ii) to see to any insurance on the Aircraft or to effect or maintain any such insurance, whether or not the Owner shall be in default with respect thereto, (iii) to see to the payment or discharge of any lien or encumbrance of any kind against any part of the Collateral, (iv) to confirm, verify or inquire into the failure to receive any financial statements from the Owner, or (v) to inspect the Aircraft at any time or ascertain or inquire as to the performance or observance of any of the Owner's ’s covenants herein with respect to the Aircraft.

Absence of Duties. In the case of the Indenture Trustee, except Except in accordance with written instructions furnished pursuant to Section 5.01 (S) 6.01 or 5.02 hereof(S) 6.02, and except as provided in, in (and without limiting the generality of) (S) 6.03, Sections 5.03 (S) 6.04, and 5.04 hereof(S) 7.07, the Indenture Trustee Mortgagee shall have no duty (ia) to see to any registration of the Aircraft or any recording or filing of this Trust Indenture Mortgage or any other document, or to see to the maintenance of any such registration, recording recording, or filing, (iib) to see to any insurance on the Aircraft or to effect or maintain any such insurance, whether or not the Owner shall be is in default with respect thereto, (iiic) to see to the payment or discharge of any lien or encumbrance of any kind against any part of the Collateral, (ivd) to confirm, verify verify, or inquire into the failure to receive any financial statements from the Owner, or (ve) to inspect the Aircraft at any time or ascertain or inquire as to the performance or observance of any of the Owner's covenants herein or any Permitted Lessee's covenants under any assigned Permitted Lease with respect to the Aircraft.