Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations under the Delaware General Corporation Law.
Appears in 56 contracts
Samples: Trust Agreement (CNH Equipment Trust 2024-B), Trust Agreement (CNH Equipment Trust 2024-A), Trust Agreement (CNH Equipment Trust 2023-B)
Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of on personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation Law.
Appears in 11 contracts
Samples: Trust Agreement (College Loan Corp Trust 2005-2), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A), Trust Agreement (College Loan Corp Trust II)
Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust, except as provided in Article VIII hereof. The Certificateholders shall be entitled to the same limitation of on personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation Law.
Appears in 10 contracts
Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Higher Education Funding I), Trust Agreement (Higher Education Funding I)
Liability of the Certificateholders. No Except as expressly provided in Sections 5.03, 6.08 and 7.03 hereof, to the fullest extent permitted by applicable law, no Certificateholder shall have any personal liability for any liability liability, obligation or obligation expense of the TrustTrust or by reason of any action taken by the parties to this Trust Agreement pursuant to any provisions of this Trust Agreement. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations under the Delaware General Corporation LawLaw of the State of Delaware.
Appears in 6 contracts
Samples: Trust Agreement (Nelnet Student Loan Trust 2009-2), Trust Agreement (Nelnet Student Loan Trust 2008-3), Trust Agreement (Nelnet Student Loan Trust 2008-2)
Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation LawLaw of the State of Delaware.
Appears in 1 contract
