Limitation of Liability of Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by First Union Trust Company, National Association, not in its individual capacity but solely in its capacity as trustee of the First Issuer and in no event shall First Union Trust Company, National Association, in its individual capacity have any liability for warranties, covenants, agreements or other obligations of the First Issuer hereunder 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 First 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 First Issuer hereunder, First Union Trust Company, National Association, shall be subject to, and entitled to the benefits of, the applicable terms and provisions of the Formation Documents relating to the First Issuer.
Appears in 3 contracts
Samples: Master Servicing Agreement (Peco Energy Transition Trust), Master Servicing Agreement (Peco Energy Transition Trust), Master Servicing Agreement (Peco Energy Transition Trust)
Limitation of Liability of Trustee. Notwithstanding anything contained herein to the contrary, this Agreement Amendment has been countersigned by First Union Trust Company, National Association, not in its individual capacity but solely in its capacity as trustee of the First Issuer and in no event shall First Union Trust Company, National Association, in its individual capacity have any liability for warranties, covenants, agreements or other obligations of the First Issuer hereunder 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 First Issuer. For all purposes of this AgreementAmendment, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the First Issuer hereunder, First Union Trust Company, National Association, shall be subject to, and entitled to the benefits of, the applicable terms and provisions of the Formation Documents relating to the First Issuer.
Appears in 2 contracts
Samples: Master Servicing Agreement (Peco Energy Co), Master Servicing Agreement (Peco Energy Transition Trust)
Limitation of Liability of Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by First Union Trust Company, National Association, not in its individual capacity but solely in its capacity as trustee of the First Issuer and in no event shall First Union Trust Company, National Association, in its individual capacity have any liability for warranties, covenants, agreements or other obligations of the First Issuer hereunder 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 First 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 First Issuer hereunder, First Union Trust Company, National Association, shall be subject to, and entitled to 56 the benefits of, the applicable terms and provisions of the Formation Documents relating to the First Issuer.
Appears in 1 contract
Samples: Master Servicing Agreement (Peco Energy Transition Trust)