Common use of Liability of Noteholders Clause in Contracts

Liability of Noteholders. No Noteholder shall have any personal liability or obligation to or for the Trust and the Certificate of Trust shall be fully paid and nonassessable.

Appears in 9 contracts

Samples: Trust Agreement (SMS Student Loan Trust 2000-A), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

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Liability of Noteholders. No Noteholder shall have any personal liability or obligation to or for the Trust and the Certificate of Trust shall be fully paid and nonassessableTrust.

Appears in 1 contract

Samples: Trust Agreement (Wells Fargo Student Loans Receivables I LLC)

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