Common use of Limitation of Liability of Owner Trustee and Indenture Trustee Clause in Contracts

Limitation of Liability of Owner Trustee and Indenture Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Xxxxx Fargo Delaware Trust Company, National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture. In no event shall Xxxxx Fargo Delaware Trust Company, National Association, in its individual capacity, Deutsche Bank Trust Company Americas, in its individual capacity, or the Certificateholder have any liability for the representations, 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.

Appears in 27 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2016-C Owner Trust), Administration Agreement (Toyota Auto Receivables 2016-C Owner Trust), Administration Agreement (Toyota Auto Receivables 2016-B Owner Trust)

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Limitation of Liability of Owner Trustee and Indenture Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Xxxxx Fargo Delaware Trust Company, National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and by Deutsche U.S. Bank Trust Company AmericasNational Association, not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture. In no event shall Xxxxx Fargo Delaware Trust Company, National Association, in its individual capacity, Deutsche U.S. Bank Trust Company AmericasNational Association, in its individual capacity, or the Certificateholder have any liability for the representations, 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.

Appears in 18 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2018-D Owner Trust), Administration Agreement (Toyota Auto Receivables 2018-D Owner Trust), Administration Agreement (Toyota Auto Receivables 2018-C Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Xxxxx Fargo Delaware Trust Company, National AssociationN.A., not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture. In no event shall Xxxxx Fargo Delaware Trust Company, National AssociationN.A., in its individual capacity, Deutsche Bank Trust Company Americas, in its individual capacity, or the Certificateholder have any liability for the representations, 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.

Appears in 2 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2010-B Owner Trust), Administration Agreement (Toyota Auto Receivables 2010-B Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Xxxxx Wxxxx Fargo Delaware Trust Company, National AssociationN.A., not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture. In no event shall Xxxxx Wxxxx Fargo Delaware Trust Company, National AssociationN.A., in its individual capacity, Deutsche Bank Trust Company Americas, in its individual capacity, or the Certificateholder have any liability for the representations, 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.

Appears in 2 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2010-C Owner Trust), Administration Agreement (Toyota Auto Receivables 2010-C Owner Trust)

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Limitation of Liability of Owner Trustee and Indenture Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Xxxxx Wxxxx Fargo Delaware Trust Company, National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture. In no event shall Xxxxx Wxxxx Fargo Delaware Trust Company, National Association, in its individual capacity, Deutsche Bank Trust Company Americas, in its individual capacity, or the Certificateholder have any liability for the representations, 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.

Appears in 1 contract

Samples: Administration Agreement (Toyota Auto Receivables 2013-a Owner Trust)

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