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

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 39 contracts

Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2011-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2011-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2011-1)

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Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company Company, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer Issuer, and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 38 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2011-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2011-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2011-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York Mellon, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York Mellon in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 36 contracts

Samples: Administration Agreement (Honda Auto Receivables 2024-2 Owner Trust), Administration Agreement (Honda Auto Receivables 2024-2 Owner Trust), Administration Agreement (Honda Auto Receivables 2024-1 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 34 contracts

Samples: Administration Agreement (Nal Financial Group Inc), Administration Agreement (Mmca Auto Owner Trust 2000-2), Administration Agreement (Mmca Auto Owner Trust 2001 2)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York Mellon, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York Mellon, in its individual capacity capacity, or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 30 contracts

Samples: Administration Agreement (American Honda Receivables LLC), Administration Agreement (Honda Auto Receivables 2018-4 Owner Trust), Administration Agreement (Honda Auto Receivables 2018-3 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of of, and on behalf of, the Issuer and in no event shall Wilmington Trust Company the Owner Trustee in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 12 contracts

Samples: Administration Agreement (Wachovia Auto Loan Owner Trust 2007-1), Administration Agreement (Wachovia Auto Owner Trust 2008-A), Administration Agreement (WDS Receivables LLC)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company Trust, National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company Trust, National Association in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 10 contracts

Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2015-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2015-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2015-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrarycontrary contained herein, this instrument Agreement has been countersigned executed by Wilmington Trust Company the Owner Trustee not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company the Owner Trustee in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunderhereunder 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 Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 9 contracts

Samples: Sale and Servicing Agreement (Wachovia Auto Owner Trust 2008-A), Sale and Servicing Agreement (Wachovia Auto Loan Owner Trust 2007-1), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company [ ], not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer Issuer, and in no event shall Wilmington Trust Company [ ] in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.), Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.), Sale and Servicing Agreement (Harley-Davidson Customer Funding Corp.)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington U.S. Bank Trust Company not in its individual capacity but solely National Association, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington U.S. Bank Trust Company National Association, in its individual capacity capacity, or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 6 contracts

Samples: Administration Agreement (Honda Auto Receivables 2015-4 Owner Trust), Administration Agreement (Honda Auto Receivables 2015-4 Owner Trust), Administration Agreement (Honda Auto Receivables 2014-4 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington U.S. Bank Trust Company not in its individual capacity but solely National Association, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington U.S. Bank Trust Company National Association, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 5 contracts

Samples: Administration Agreement (Honda Auto Receivables 2006-2 Owner Trust), Administration Agreement (Honda Auto Receivables 2008-1 Owner Trust), Administration Agreement (Honda Auto Receivables 2005-4 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer Trust and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer Trust have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer Trust hereunder, as to all of which recourse shall be had solely to the assets of the IssuerTrust. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer Trust hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 5 contracts

Samples: Trust Administration Agreement (Nissan Auto Leasing LLC Ii), Trust Administration Agreement (Nissan Auto Lease Trust 2004-A), Trust Administration Agreement (Nissan Auto Leasing LLC Ii)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company [ ] not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company [ ] in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Harley-Davidson Customer Funding Corp.), Administration Agreement (Harley Davidson Customer Funding Corp), Administration Agreement (Harley Davidson Customer Funding Corp)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its the capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Bank One Auto Securitization Trust 2003-1), Administration Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Administration Agreement (Wells Fargo Financial Auto Owner Trust 2005-A)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company Company, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer Issuer, and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Onyx Acceptance Owner Trust 2005-B), Administration Agreement (Onyx Acceptance Owner Trust 2005-A), Backup Servicing Agreement (Onyx Acceptance Financial Corp)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 3 contracts

Samples: Administration Agreement (Honda Auto Receivables 2007-2 Owner Trust), Administration Agreement (Honda Auto Receivables 2005-6 Owner Trust), Administration Agreement (Honda Auto Receivables 2005-2 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company not in its individual capacity but Trust, National Association solely in its capacity as Owner Trustee of of, and on behalf of, the Issuer and in no event shall Wilmington Trust Company the Owner Trustee in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Mercedes-Benz Auto Receivables Trust 2014-1), Administration Agreement (Mercedes-Benz Auto Receivables Trust 2013-1), Administration Agreement (Mercedes Benz Auto Receivables Trust 2012-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer Issuer, and in no event shall Wilmington Trust Company National Association in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2012-1), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2012-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York Mellon., in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York Mellon, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 2 contracts

Samples: Administration Agreement (Honda Auto Receivables 2011-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2011-3 Owner Trust)

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Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 2 contracts

Samples: Execution Copy (Nal Financial Group Inc), Administration Agreement (Nal Financial Group Inc)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington U.S. Bank Trust Company not in its individual capacity but solely National Association, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington U.S. Bank Trust Company National Association, in its individual capacity or any beneficial owner of the Issuer Issuer, have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 2 contracts

Samples: Administration Agreement (Honda Auto Receivables 2012-2 Owner Trust), Administration Agreement (Honda Auto Receivables 2012-2 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) a. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its the capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Wells Fargo Auto Receivables Corp)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York Mellon, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York Mellon, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 1 contract

Samples: Administration Agreement (Honda Auto Receivables 2010-1 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely The Bank of New York, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company The Bank of New York, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Honda Auto Receivables 2003-1 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its the capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Capital One Auto Receivables LLC)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust Company not in its individual capacity but Trust, National Association solely in its capacity as Owner Trustee of of, and on behalf of, the Issuer Issuer, and in no event shall Wilmington Trust Company the Owner Trustee in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Mercedes-Benz Auto Receivables Trust 2015-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely Chase Bank USA, National Association, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company Chase Bank USA, National Association, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust AgreementAgreement as if specifically set forth herein.

Appears in 1 contract

Samples: Administration Agreement (Honda Auto Receivables 2005-3 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by [Wilmington Trust Company not in its individual capacity but solely Company] in its capacity as Owner Trustee of the Issuer Trust and in no event shall [Wilmington Trust Company Company] in its individual capacity or any beneficial owner of the Issuer Trust have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer Trust hereunder, as to all of which recourse shall be had solely to the assets of the IssuerTrust. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer Trust hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 1 contract

Samples: Trust Administration Agreement (Nissan Auto Leasing LLC Ii)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington U.S. Bank Trust Company not in its individual capacity but solely National Association, in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington U.S. Bank Trust Company National Association, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (American Honda Receivables Corp Auto Rec 2003 2 Owner Trust)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) -------------------------------------------------------------- Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust Company not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust Company in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, 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 any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Conseco Finance Corp)

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