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.
Appears in 17 contracts
Samples: Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-B)
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.
Appears in 12 contracts
Samples: Trust Agreement (Chase Manhattan Bank Usa National Association), Trust Agreement (Chase Manhattan Auto Owner Trust 1998-B), Trust Agreement (Chase Manhattan Auto Owner Trust 2001-B)
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 CertificateholderTrust.
Appears in 10 contracts
Samples: Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)
Liability of Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the IssuerTrust, solely by reason of it being a Certificateholder.
Appears in 4 contracts
Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)
