Common use of Bank Not Liable for Certificates or Related Documents Clause in Contracts

Bank Not Liable for Certificates or Related Documents. The recitals contained herein and in the Certificates (other than the signatures of the Bank on the Certificates) shall be taken as the statements of the Depositor, and the Bank assumes no responsibility for the correctness thereof. The Bank makes no representations as to the validity or sufficiency of this Trust Agreement, of any Basic Document or of the Certificates (other than the signatures of the Bank on the Certificates) or the Notes, or of any Related Documents. The Bank shall at no time have any responsibility or liability with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Trust Agreement or the Noteholders under the Indenture, including compliance by the Depositor, the Originator or the Seller with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Certificate Paying Agent, the Certificate Registrar or the Indenture Trustee taken in the name of the Owner Trustee.

Appears in 8 contracts

Samples: Trust Agreement (Origen Residential Securities, Inc.), Trust Agreement (Origen Residential Securities, Inc.), Trust Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-A)

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