Common use of Eligible Lender Trustee Clause in Contracts

Eligible Lender Trustee. ELSC acknowledges that the Eligible Lender Trustee has entered into this Agreement solely in its capacity as Eligible Lender Trustee for the Trust and not acting in its individual capacity. The Eligible Lender Trustee has undertaken only the duties required of it under its trust agreement with the Trust. All recourse and remedies of ELSC hereunder shall be available only against the Trust and the assets of such trust estate and not against the Eligible Lender Trustee, or in its individual capacity.