Liability of Certificateholders. The Certificateholders 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.
Liability of Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Issuer, solely by reason of it being a Certificateholder.
Liability of Certificateholders. 7 Section 2.09. Title to Trust Property.......................................................................7 Section 2.10. Situs of Trust................................................................................7 Section 2.11. Representations, Warranties and Covenants of the Depositor....................................7 Section 2.12. Federal Income Tax Allocations................................................................8
Liability of Certificateholders. 4 SECTION 2.11. Guaranteed Payments/Gross Income Allocations......................................... 4 SECTION 2.12. Deduction and Loss Allocations....................................................... 5 SECTION 2.13. Special Allocations.................................................................. 5 SECTION 2.14. Amended and Restated Trust Agreement................................................. 6
Liability of Certificateholders. The holders of the Certificates and any Supplemental Certificates will not be personally liable for the debts or other obligations of the Issuer except to the extent provided otherwise in the Transaction Documents.
Liability of Certificateholders. 7 ARTICLE THREE CERTIFICATES
Liability of Certificateholders. The registered holders of the Trust Certificate, the Transferor Certificates and any Supplemental Certificates 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 Nevada.
Liability of Certificateholders. 9 Section 2.08. Title to Trust Property.............................................................................9 Section 2.09. Situs of Issuer.....................................................................................9 Section 2.10. Representations and Warranties of the Depositor.....................................................9 Section 2.11. Federal Income Tax Matters.........................................................................10 Section 2.12. Texas State Tax Matters............................................................................11 ARTICLE THREE CERTIFICATES AND TRANSFER OF INTERESTS Section 3.01. Initial Ownership..................................................................................12 Section 3.02. The Certificates...................................................................................12 Section 3.03. Authentication and Delivery of Certificates........................................................12 Section 3.04. Registration, Transfer and Exchange of Certificates................................................12 Section 3.05. Mutilated, Destroyed, Lost or Stolen Certificates..................................................14 Section 3.06. Persons Deemed Certificateholders..................................................................14 Section 3.07. Access to List of Certificateholders' Names and Addresses..........................................15 Section 3.08. Maintenance of Office or Agency....................................................................15 Section 3.09. Appointment of Paying Agent........................................................................15 Section 3.10. Certificates Nonassessable and Fully Paid..........................................................16
Liability of Certificateholders. 7 ARTICLE THREE CERTIFICATES Section 3.01. Initial Ownership............................................................. 8 Section 3.02. Form of Certificates.......................................................... 8 Section 3.03. Authentication of Certificates................................................ 8 Section 3.04. Restrictions on Transfer...................................................... 8 Section 3.05. Mutilated, Destroyed, Lost or Stolen Certificate.............................. 8 Section 3.06. Issuance of New Transferor Certificates....................................... 9
Liability of Certificateholders. 10 Section 3.11 Book-Entry and Definitive Certificates..........................................10
