Common use of Liability of Holders of the Certificates Clause in Contracts

Liability of Holders of the Certificates. The holders of the Certificates shall not be personally liable for the debts or other obligations of the Trust except to the extent provided otherwise in the Transaction Documents.

Appears in 4 contracts

Samples: Trust Agreement (HSBC Credit Card Master Note Trust (Usa) I), Trust Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Trust Agreement (Household Affinity Funding Corp Iii)

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Liability of Holders of the Certificates. The holders of the Certificates Certificates, shall not be personally liable for the debts or other obligations of the Trust except to the extent provided otherwise in the Transaction Documents.

Appears in 3 contracts

Samples: Trust Agreement (Hrsi Funding Inc Ii), Trust Agreement (Household Consumer Loan Corp Ii), Trust Agreement (Hrsi Funding Inc Ii)

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Liability of Holders of the Certificates. The holders of ---------------------------------------- the Certificate, the Transferor Certificates and any Supplemental Certificates shall not be personally liable for the debts or other obligations of the Trust except to the extent provided otherwise in the Transaction Documents.

Appears in 1 contract

Samples: Trust Agreement (Household Credit Card Master Note Trust I)

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