Liability of Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Secured Notes Assignment only to the extent of the obligations in this Agreement and the Second Step Secured Notes Assignment specifically undertaken by the Depositor.
Appears in 15 contracts
Samples: Servicing Agreement (Capital Auto Receivables LLC), Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC)
Liability of Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Secured Notes Receivables Assignment only to the extent of the obligations in this Agreement and the Second Step Secured Notes Receivables Assignment specifically undertaken by the Depositor.
Appears in 7 contracts
Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2008-1)
