Common use of Liability of the Depositor Clause in Contracts

Liability of the Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Receivables Assignment only to the extent of the obligations in this Agreement and the Second Step Receivables Assignment specifically undertaken by the Depositor.

Appears in 94 contracts

Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2024-2), Trust Sale Agreement (Ally Auto Receivables Trust 2024-2), Trust Sale Agreement (Ally Auto Receivables Trust 2024-1)

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Liability of the Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Receivables Assignment Assignments only to the extent of the obligations in this Agreement and the Second Step Receivables Assignment Assignments specifically undertaken by the Depositor.

Appears in 22 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3)

Liability of the Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Receivables Assignment Assignment[s] only to the extent of the obligations in this Agreement and the Second Step Receivables Assignment Assignment[s] specifically undertaken by the Depositor.

Appears in 11 contracts

Samples: Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

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Liability of the Depositor. The Depositor shall be liable in -------------------------- accordance with this Agreement and the Second Step Receivables Assignment herewith only to the extent of the obligations in this Agreement and the Second Step Receivables Assignment specifically undertaken by the DepositorDepositor under this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Deutsche Recreational Asset Funding Corp)

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