📄 Extracted Text (574 words)
(g) the Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys; provided that the Trustee
shall not be responsible for any misconduct or negligence on the part of any agent (other than an
Affiliate), or attorney appointed, with due care by it hereunder; and provided,farther, that such
appointment shall not relieve the Trustee of responsibility for performance of the obligations
hereunder;
(h) the Trustee will not be liable for any action it takes or omits to take in good faith
that it reasonably and, after the occurrence and during the continuance of an Event of Default,
subject to Section 6.1(b), believes to be authorized or within its rights or powers hereunder;
(i) the permissive rights of the Trustee to take or refrain from taking any action
enumerated in this Indenture shall not be treated as a duty.
(j) the Trustee will not be liable for the actions or omissions of the Investment
Manager, and without limiting the foregoing, the Trustee shall not be under any obligation to
monitor, evaluate or verify compliance by the Investment Manager with the terms hereof or the
Investment Management Agreement, or to verify or independently determine the accuracy of
information received by it from the Investment Manager (or from any selling institution, agent
bank, trustee or similar source) with respect to the Collateral; provided, that notwithstanding the
foregoing, the Trustee shall enforce the Issuer's rights under the Investment Management
Agreement on behalf of the Secured Parties;
(k) the Trustee will not be responsible or liable for any inaccuracies in the records of
the Investment Manager, any Clearing Agency, DTC, Euroclear, Clearstream or any other
Intermediary, transfer agents, calculation agent, paying agent (other than the Bank in its
individual or other capacities hereunder), or for the actions or omissions of any such Person
hereunder or under any document executed in connection herewith;
(I) the Trustee will be under no obligation to evaluate the sufficiency of the
documents or instruments delivered to it by or on behalf of the Issuer in connection with the
Grant by the Issuer to the Trustee of any item constituting the Collateral or otherwise, or in that
regard to examine any Underlying Instruments, in order to determine compliance with applicable
requirements of and restrictions on transfer of a Collateral Obligation;
(m) to the extent any defined term hereunder, or any calculation required to be made
or determined by the Trustee hereunder, is dependent upon or defined by reference to generally
accepted accounting principles (as in effect in the United States) ("GAAP"), the Trustee will be
entitled to request and receive (and rely upon) instruction from the Issuer or the accountants
identified in a certificate of a firm of Independent certified public accountants of international
reputation (and in the absence of its receipt of timely instruction therefrom, will be entitled to
obtain from an Independent accountant at the expense of the Issuer) as to the application of
GAAP in such connection, in any instance;
(n) in making or disposing of any investment permitted by this Indenture, the Trustee
is authorized to deal with itself (in its individual capacity) or with any one or more ofits
Affiliates, whether it or such Affiliate is acting as a subagent of the Trustee or for any third
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LNG IM CLO 2011-1
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056190
CONFIDENTIAL SDNY GM_00202374
EFTA01365446
ℹ️ Document Details
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4f6d1042c8ac422824b71387a9edc35e9f8de159bc22b0837394624e76daddca
Bates Number
EFTA01365446
Dataset
DataSet-10
Document Type
document
Pages
1
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