Common use of Limitation of Liability of Issuer Trustee Clause in Contracts

Limitation of Liability of Issuer Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by First Union Trust Company, National Association not in its individual capacity but solely in its capacity as Issuer Trustee of the Issuer and in no event shall First Union Trust Company, National Association in its individual capacity have any liability for warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the Issuer hereunder, the Issuer Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII, VIII and IX of the Trust Agreement.

Appears in 4 contracts

Samples: Intangible Transition Property Sale Agreement (Peco Energy Transition Trust), Intangible Transition Property Sale Agreement (Peco Energy Transition Trust), Intangible Transition Property Sale Agreement (Peco Energy Transition Trust)

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Limitation of Liability of Issuer Trustee. Notwithstanding anything contained herein to the contrary, this Agreement Amendment has been countersigned by First Union Trust Company, National Association Association, not in its individual capacity but solely in its capacity as Issuer Trustee of the Issuer and in no event shall First Union Trust Company, National Association Association, in its individual capacity have any liability for warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this AgreementAmendment, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the Issuer hereunder, the Issuer Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII, VIII and IX of the Trust Agreement.

Appears in 2 contracts

Samples: Sale Agreement (Peco Energy Transition Trust), Peco Energy Co

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