Liability of the Holders of the Certificates. The Holders of the Certificates shall have the same limitation of personal liability as common stockholders in a corporation, under the Delaware General Corporation Law.
Appears in 10 contracts
Samples: Trust Agreement (Bear Stearns Second Lien Trust 2007-1), Trust Agreement (Saco I Trust 2005-Gp1), Trust Agreement (SACO I Trust 2006-12)
Liability of the Holders of the Certificates. The Holders of the Certificates shall have the same limitation of personal liability as common stockholders in a corporation, under the Delaware General Corporation Law; provided, however, the Holders of the Certificates shall be liable for and shall promptly pay any entity level taxes imposed on the Trust.
Appears in 3 contracts
Samples: Trust Agreement (Bear Stearns ARM Trust 2007-2), Trust Agreement (Alesco Financial Inc), Trust Agreement (Bear Stearns ARM Trust 2007-2)
Liability of the Holders of the Certificates. The Holders of the Certificates Each Certificateholder shall have be entitled to the same limitation of personal liability as common extended to stockholders in a corporation, of private corporations for profit organized under the Delaware General Corporation LawLaw of Delaware.
Appears in 3 contracts
Samples: Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-3), Trust Agreement (Saxon Asset Securities Trust 2006-1)
Liability of the Holders of the Certificates. The Holders of the Certificates shall have the same limitation of personal liability as common stockholders in a corporation, under the Delaware General Corporation Law; provided, however, that the Holders of the Certificates shall not be liable for and shall promptly pay any entity level taxes imposed on the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-9), Trust Agreement (Luminent Mortgage Trust 2005-1)
Liability of the Holders of the Certificates. The Holders of the Certificates shall have the same limitation of personal liability as common stockholders in a corporation, under the Delaware General Corporation Law; provided, however, that the Holders of the Certificates shall be liable for and shall promptly pay any entity level taxes imposed on the Trust, except to the extent such taxes are paid by the transferor or other entity seeking to separately transfer or hold any of the Certificates, the Class X Notes or the Class B Notes, as provided in the Indenture.
Appears in 1 contract
Samples: Trust Agreement (Bear Stearns Asset Backed Securities I LLC)
Liability of the Holders of the Certificates. The Holders of the Certificates Each Certificateholder shall have be entitled to the same limitation of personal liability as common extended to stockholders in a corporation, of private corporations for profit organized under the Delaware [General Corporation LawLaw of Delaware].
Appears in 1 contract
Liability of the Holders of the Certificates. The Holders of the Certificates shall have the same limitation of personal liability as common stockholders in a corporation, under the Delaware General Corporation Law; provided, however, that the Holders of the Certificates shall be liable for and shall promptly pay any entity level taxes imposed on the Trust.
Appears in 1 contract
