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

Limitation of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer by Wilmington Trust, National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer. In no event will Wilmington Trust, National Association in its individual capacity or a beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer under this Agreement, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes under this Agreement, the Owner Trustee will be subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 57 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust)

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Limitation of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer by Wilmington Trust, National Association Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer. In no event will Wilmington Trust, National Association in its individual capacity or a beneficial owner of the Issuer have any liability be liable for the representations, warranties, covenants, agreements or other Issuer’s obligations of the Issuer under this Agreement, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes under this Agreement, the Owner Trustee will be subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 52 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-C Owner Trust)

Limitation of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer Trust by Wilmington Trust, National Association Association, not in its individual capacity but solely in its capacity as Owner Trustee of the IssuerTrust. In no event will Wilmington Trust, National Association in its individual capacity or as a beneficial owner of the Issuer have any liability Trust be liable for the representations, warranties, covenants, agreements or other obligations of the Issuer Trust under this Agreement, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes under this Agreement, the Owner Trustee will be is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 5 contracts

Samples: Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust)

Limitation of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer by Wilmington Trust, National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer. In no event will Wilmington Trust, National Association in its individual capacity or a beneficial owner of the Issuer have any liability be liable for the representations, warranties, covenants, agreements or other Issuer’s obligations of the Issuer under this Agreement, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes under this Agreement, the Owner Trustee will be subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2016-1)

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Limitation of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer by Wilmington Trust, National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer. In no event will Wilmington Trust, National Association in its individual capacity or as a beneficial owner of the Issuer have any liability be liable for the representations, warranties, covenants, agreements or other obligations of the Issuer under this Agreement, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes under this Agreement, the Owner Trustee will be is subject to, and entitled to the benefits of, the Trust Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Verizon Owner Trust 2020-B)

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