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

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

Appears in 25 contracts

Samples: Series Certificate Transfer Agreement (Nissan Auto Lease Trust 2024-A), Series Certificate Transfer Agreement (Nissan Auto Lease Trust 2024-A), Transfer Agreement (Nissan Auto Lease Trust 2023-B)

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

Appears in 8 contracts

Samples: Control Agreement (Nissan Auto Lease Trust 2013-A), Control Agreement (Nissan Auto Lease Trust 2013-A), Control Agreement (Nissan Auto Lease Trust 2012-B)

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

Appears in 3 contracts

Samples: Transfer Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Series Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii)

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

Appears in 2 contracts

Samples: Transfer Agreement (Nissan Auto Lease Trust 2024-B), Transfer Agreement (Nissan Auto Lease Trust 2024-B)

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

Appears in 2 contracts

Samples: Trust Subi Certificate Transfer Agreement (Nissan Auto Leasing LLC Ii), Trust Subi Certificate Transfer Agreement (Nissan-Infiniti Lt)

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

Appears in 1 contract

Samples: Back Up Security Agreement (Nissan-Infiniti Lt)

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