Liability of the Transferor. The Transferor shall be liable only to the extent of the obligations specifically undertaken by the Transferor under this Agreement and the representations made by the Transferor in this Agreement.
Liability of the Transferor. The Transferor or any subsequent transferee, as holder of the Trust Certificate, shall defend, indemnify and hold harmless the Issuer, the Owner Trustee and each Paying Agent from and against any and all taxes that may at any time be asserted against the Issuer or the Owner Trustee with respect to the transactions contemplated herein, including any sales, use, gross receipts, general corporation, tangible personal property, privilege, license or income taxes, taxes on or measured by income or any state or local taxes assessed on the Issuer, the Owner Trustee or any Paying Agent resulting from the location of assets of the Issuer or the presence of the Owner Trustee or any Paying Agent and costs and Expenses in defending against the same; provided, however, that the foregoing indemnity shall not include income taxes on any fees payable to, or Expenses reimbursed to, the Owner Trustee or any Paying Agent.
Liability of the Transferor. Except to the extent otherwise provided in this Agreement or in the other Transaction Documents, the Transferor shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Liability of the Transferor. The Transferor shall be liable in accordance herewith to the extent of the obligations specifically undertaken by the Transferor; provided, however, that to the extent the Transferor’s liabilities constitute monetary claims against the Transferor, such claims shall not constitute claims against the Trust Assets, and shall only constitute a monetary claim against the Transferor to the extent the Transferor has funds sufficient to make payment on such liabilities from amounts paid to it as Holder of the Transferor Interest.
Liability of the Transferor. (a) The Transferor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
(b) No Holder, other than to the extent set forth in clause (a), shall have any personal liability for any liability or obligation of the Trust.
Liability of the Transferor. Each Transferor (including any Additional Transferors) shall be severally and not jointly liable for the obligations, covenants, representations and warranties of such Transferor arising under or related to this Agreement or any Supplement. Each Transferor shall be liable only to the extent of the obligations specifically undertaken by it in its capacity as a Transferor.
Liability of the Transferor. (a) The Transferor, as holder of the Trust Certificate, shall be liable directly to (other than payment of principal and interest on the Notes and amounts required hereunder to be distributed to the Trust Certificates) and shall indemnify any party entitled thereto for all Expenses of the Issuer incurred in connection with the [___]-[_] SUBI Assets to the extent that the Transferor, as holder of the Trust Certificate, would be liable if the Issuer were a partnership under the Delaware Revised Uniform Limited Partnership Act (or the Delaware Uniform Partnership Law) in which the Transferor were a general partner (other than losses incurred by Noteholders in their capacity as holders of limited recourse debt secured by the Owner Trust Estate or incurred by the Trust Certificateholders if such losses would nevertheless have been incurred if the Trust Certificateholders were holders of limited recourse debt secured by the Owner Trust Estate). In addition, any third party creditors of the Issuer (other than the Trust Certificateholders, to the extent they are not indemnified for investment losses, as set forth above) shall be deemed to be third party beneficiaries of this paragraph. The Transferor, as holder of the Trust Certificate, shall make no claim upon the Owner Trust Estate for the reimbursement of amounts paid pursuant to this Section.
(b) The Transferor, as holder of the Trust Certificate, shall defend, indemnify and hold harmless the Issuer, the Owner Trustee and each Paying Agent from and against any and all taxes that may at any time be asserted against the Issuer or the Owner Trustee with respect to the transactions contemplated herein, including any sales, use, gross receipts, general corporation, tangible personal property, privilege, license or income taxes, taxes on or measured by income or any state or local taxes assessed on the Issuer, the Owner Trustee or any Paying Agent resulting from the location of assets of the Issuer or the presence of the Owner Trustee or any Paying Agent and costs and Expenses in defending against the same; provided, however, that the foregoing indemnity shall not include income taxes on any fees payable to, or Expenses reimbursed to, the Owner Trustee or any Paying Agent.
(c) No Trust Certificateholder, other than the Transferor, shall have any personal liability for any liability or obligation of the Issuer.
Liability of the Transferor. The Transferor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by such Trans- feror.
Liability of the Transferor. Merger or Consolidation of, or Assumption of the Obligations of, the Transferor . . . . . .
Liability of the Transferor. No Holder shall have any personal liability for any liability or obligation of the Trust.
