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

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the Grantor. For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Floorplan Master Owner Trust a Series 2011-1)

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Limitation of Liability of the Owner Trustee. Notwithstanding anything in this the Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the Grantor. For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST ACAB EAST LLC, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION/s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Secretary CAB WEST LLC, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A Grantor By: /s/ Xxxxxxx Xxxxx X. Xxxxx Xxxxxx Name: Xxxxxxx Xxxxx X. Xxxxx Xxxxxx Title: Vice President Secretary FCALM, LLC, as Grantor By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Secretary THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Titling Company Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-B)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BYEXECUTED: FORD CREDIT FLOORPLAN MASTER AUTO OWNER TRUST A2011-B, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Auto Owner Trust A 2011-B By: /s/ Xxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxxx X. Xxxxxx Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Xxxxx Name: Xxxxxx X. Xxxxxxx Xxxxx Title: Senior Associate Vice President THE BANK OF NEW YORK MELLON, as Financial Institution securities intermediary By: /s/ Xxxxxx X. Xxxxxxx Xxxxx Name: Xxxxxx X. Xxxxxxx Xxxxx Title: Senior AssociateVice President

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2011-B)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx xxxxxxx Name: Xxxxxx X. Xxxxxxx xxxxxxx Title: Senior Associate Vice President THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx xxxxxxx Name: Xxxxxx X. Xxxxxxx xxxxxxx Title: Senior AssociateVice President [Signature Page to Series 2013-1 Account Control Agreement]

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate Vice President THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior AssociateVice President [Signature Page to Series 2013-5 Account Control Agreement]

Appears in 1 contract

Samples: Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate Vice President THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior AssociateVice President [Signature Page to Series 2013-4 Account Control Agreement]

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the Grantor. For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER AUTO LEASE TRUST A2011-B, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Auto Lease Trust A 2011-B By: /s/ Xxxxxxx Xxxxxx X. Xxxxx Xxxxxx Name: Xxxxxxx Xxxxxx X. Xxxxx Xxxxxx Title: Vice President Trust Officer THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Collateral Account Control Agreement (Ford Credit Auto Lease Trust 2011-B)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BYEXECUTED: FORD CREDIT FLOORPLAN MASTER AUTO OWNER TRUST 2011-A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Auto Owner Trust 2011-A By: /s/ Xxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxxx X. Xxxxxx Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Xxxx Bourtman Name: Xxxxxx X. Xxxxxxx Xxxx Bourtman Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution securities intermediary By: /s/ Xxxxxx X. Xxxxxxx Xxxx Bourtman Name: Xxxxxx X. Xxxxxxx Xxxx Bourtman Title: Senior Associate

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2011-A)

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Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate Vice President THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior AssociateVice President [Signature Page to Series 2013-3 Account Control Agreement]

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the GrantorGrantor . For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BYEXECUTED: FORD CREDIT FLOORPLAN MASTER AUTO OWNER TRUST 2012-A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Auto Owner Trust 2012-A By: /s/ Xxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxxx X. Xxxxxx Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution securities intermediary By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2012-A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the Grantor. For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER TRUST ACAB EAST LLC, as a Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION/s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Secretary CAB WEST LLC, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Trust A a Grantor By: /s/ Xxxxxxx Xxxxx X. Xxxxx Xxxxxx Name: Xxxxxxx Xxxxx X. Xxxxx Xxxxxx Title: Vice President Secretary FCALM, LLC, as a Grantor By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Secretary THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2012-A)

Limitation of Liability of the Owner Trustee. Notwithstanding anything in this Agreement to the contrary, this Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association not in its individual capacity but solely in its capacity as Owner Trustee of the Grantor and in no event will U.S. Bank Trust National Association in its individual capacity or any beneficial owner of the Grantor have any liability for the representations, warranties, covenants, agreements or other obligations of the Grantor under this Agreement, as to all of which recourse may be had solely to the assets of the Grantor. For all purposes of this Agreement, in the performance of any duties or obligations of the Grantor Issuer under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. EXECUTED BY: FORD CREDIT FLOORPLAN MASTER OWNER AUTO LEASE TRUST 2012-A, as Grantor By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee of Ford Credit Floorplan Master Owner Auto Lease Trust 2012-A By: /s/ Xxxxxxx X. Xxxxxx Xxxxx Name: Xxxxxxx X. Xxxxxx Xxxxx Title: Vice President THE BANK OF NEW YORK MELLON, as Secured Party By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate THE BANK OF NEW YORK MELLON, as Financial Institution By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Senior Associate

Appears in 1 contract

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2012-A)

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