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

Limitation of Liability of the Trustee. It is expressly understood and agreed by the parties hereto that the Trustee has entered into this Agreement at the direction of the Depositor in accordance with the Pooling and Servicing Agreement. Each of the representations, undertakings and agreements herein made on the part of the Trustee is made and intended not as a personal representation, undertaking and agreement by U.S. Bank National Association but is made solely in its capacity as Trustee, and U.S. Bank National Association shall not be personally liable for the payment of any indebtedness or expenses of the Trust.

Appears in 6 contracts

Samples: Assignment, Assumption and Recognition Agreement (Bayview 2006-B), Assignment, Assumption and Recognition Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C), Assignment, Assumption and Recognition Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-B)

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Limitation of Liability of the Trustee. It is expressly understood and agreed by the parties hereto that the Trustee has entered into this Agreement at the direction of the Depositor in accordance with the Pooling and Servicing Agreement. Each of the representations, undertakings and agreements herein made on the part of the Trustee is made and intended not as a personal representation, undertaking and agreement by U.S. Bank Wachovia Bank, National Association but is made solely in its capacity as Trustee, and U.S. Bank Wachovia Bank, National Association shall not be personally liable for the payment of any indebtedness or expenses of the Trust.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D)

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