Common use of Liability of the Trust Clause in Contracts

Liability of the Trust. (a) The Trust shall be liable for payments in respect of the Notes in accordance herewith only to the extent of the obligations specifically undertaken by the Trust herein.

Appears in 4 contracts

Samples: First Sierra Equipment Contract (First Sierra Receivables Iii Inc), Indenture (First Sierra Receivables Iii Inc), Indenture (Prudential Securities Secured Financing Corp)

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Liability of the Trust. (a) The Trust shall be liable for payments in respect of the Notes in accordance herewith only to the extent of the obligations specifically undertaken by the Trust herein.

Appears in 4 contracts

Samples: Indenture (Prudential Securities Secured Financing Corp), Indenture (American Business Financial Services Inc /De/), First Sierra Receivables Iii Inc

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