Common use of Liability of Beneficiaries Clause in Contracts

Liability of Beneficiaries. The Holder of the Exchangeable Transferor Certificate, including the Holder of Supplemental Interests, if any, shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (Fnanb Credit Card Master Trust)

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Liability of Beneficiaries. The Holder of the Exchangeable Transferor Certificate, including Certificate and the Holder Holders of any Supplemental InterestsCertificates, if any, shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (CDF Funding, Inc.)

Liability of Beneficiaries. The Holder of the Exchangeable Transferor Certificate, including the Holder Holders of the Supplemental Interests, if any, shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (Dc Funding International Inc)

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Liability of Beneficiaries. The Except as provided in this Agreement, the Holder of the Exchangeable Transferor Certificate, including Certificate and the Holder Holders of any Supplemental InterestsCertificates, if any, shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.

Appears in 1 contract

Samples: Trust Agreement (CDF Funding, Inc.)

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