Limit on Liability. In acting under this Agreement, the Registrar, the Transfer Agent and any other Paying Agent are acting solely as agents of TMCC and do not assume any obligation or relationship of agency or trust for or with any of the holders of the Registered Notes, except that all funds held by the Registrar, the Transfer Agent and any other Paying Agent for payment of principal or interest shall be held in trust for the registered holders of Registered Notes as provided in this Agreement.
Appears in 6 contracts
Samples: Note Agency Agreement (Toyota Motor Credit Corp), Note Agency Agreement (Toyota Motor Credit Corp), Note Agency Agreement (Toyota Motor Credit Corp)
Limit on Liability. In acting under this Agreement, the Registrar, the Transfer Agent and any other Paying Agent are acting solely as agents of TMCC and do not assume any obligation or relationship of agency or trust for or with any of the holders of the Registered Notes, except that all funds held by the Registrar, the Transfer Agent and any other Paying Agent for payment of principal or interest shall be held in trust for the registered holders of Registered Notes as provided in this Agreement.
Appears in 6 contracts
Samples: Note Agency Agreement (Toyota Motor Credit Corp), Note Agency Agreement, Note Agency Agreement (Toyota Motor Credit Corp)
Limit on Liability. In acting under this Agreement, the Registrar, the Transfer Agent and any other Paying Agent are acting solely as agents of TMCC and do not assume any obligation or relationship of agency or trust for or with any of the holders of the Registered Notes, except that all funds held by the Registrar, the Transfer Agent and any other Paying Agent for payment of principal or interest shall be held in trust for the registered holders of Registered Notes as provided in this Agreement.
Appears in 1 contract
Samples: Note Agency Agreement
