Common use of Acknowledgement of Parties Clause in Contracts

Acknowledgement of Parties. The parties to this Agreement acknowledge and agree that in relation to any payment obligation of the Borrower under the Transaction Documents which is to be funded from the Assets of the Trust: (a) the NZ Manager is responsible for taking all steps necessary to facilitate the payment on behalf of the Borrower (including the management of all bank accounts held in the Borrower’s name) and ensuring that the payment is made in accordance with the terms of the Transaction Documents; (b) the Borrower agrees to sign any documents and do anything reasonably requested by the NZ Manager in connection with such payment; and (c) without prejudice to its obligations under paragraph (a) above, the NZ Manager shall have no personal liability for payment of the relevant amount due and payable by the Borrower under the relevant Transaction Documents. [Signature pages follow]

Acknowledgement of Parties. The parties to this Agreement acknowledge and agree that in relation to any payment obligation of the Borrower Assignee under the Transaction Documents which is to be funded from the Assets of the Trust: (a) the NZ Manager is responsible for taking all steps necessary to facilitate the payment on behalf of the Borrower Assignee (including the management of all bank accounts held in the BorrowerAssignee’s name) and ensuring that the payment is made in accordance with the terms of the Transaction Documents; (b) the Borrower Assignee agrees to sign any documents and do anything reasonably requested by the NZ Manager in connection with such payment; and (c) without prejudice to its obligations under paragraph (a) above, the NZ Manager shall have no personal liability for payment of the relevant amount due and payable by the Borrower Assignee under the relevant Transaction Documents. [Signature pages follow].

Acknowledgement of Parties. The parties to this Agreement acknowledge and agree that in relation to any payment obligation of the Borrower Buyer under the Transaction Documents which is to be funded from the Assets of the Trust: (a) the NZ Manager is responsible for taking all steps necessary to facilitate the payment on behalf of the Borrower Buyer (including the management of all bank accounts held in the BorrowerBuyer’s name) and ensuring that the payment is made in accordance with the terms of the Transaction Documents; (b) the Borrower Buyer agrees to sign any documents and do anything reasonably requested by the NZ Manager in connection with such payment; and (c) without prejudice to its obligations under paragraph (a) above, the NZ Manager shall have no personal liability for payment of the relevant amount due and payable by the Borrower Buyer under the relevant Transaction Documents. [Signature pages follow].

Acknowledgement of Parties. The parties to this Agreement acknowledge and agree that in relation to any payment obligation of the Borrower under the Transaction Documents which is to be funded from the Assets of the Trust: (a) the NZ Manager is responsible for taking all steps necessary to facilitate the payment on behalf of the Borrower (including the management of all bank accounts held in the Borrower’s name) and ensuring that the payment is made in accordance with the terms of the Transaction Documents; (b) the Borrower agrees to sign any documents and do anything reasonably requested by the NZ Manager in connection with such payment; and (c) without prejudice to its obligations under paragraph (a) above, the NZ Manager shall have no personal liability for payment of the relevant amount due and payable by the Borrower under the relevant Transaction Documents. [Signature pages follow].

Acknowledgement of Parties. The parties to this Agreement acknowledge and agree that in relation to any payment obligation of the Borrower under the Transaction Documents which is to be funded from the Assets of the Trust: : (a) the NZ Manager is responsible for taking all steps necessary to facilitate the payment on behalf of the Borrower (including the management of all bank accounts held in the Borrower’s name) and ensuring that the payment is made in accordance with the terms of the Transaction Documents; ; (b) the Borrower agrees to sign any documents and do anything reasonably requested by the NZ Manager in connection with such payment; and and (c) without prejudice to its obligations under paragraph (a) above, the NZ Manager shall have no personal liability for payment of the relevant amount due and payable by the Borrower under the relevant Transaction Documents. [Signature pages follow]