Limitation on Liability of the Depositor. (a) The Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Supplement or in the exercise of any of its rights or powers if reasonable grounds exist for believing that the repayment or such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 65 contracts
Samples: Market Agent Agreement (Pplus Trust Series GSC-3), Market Agent Agreement (Merrill Lynch Depositor Inc Preferredplus Trust Series CCR-1), Market Agent Agreement (Merrill Lynch Depositor Inc Pplus Trust Series DCC 1)
Limitation on Liability of the Depositor. (a) The Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Series Supplement or in the exercise of any of its rights or powers power if reasonable grounds exist for believing that the repayment or such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 18 contracts
Samples: Trust Agreement (Freedom Depository LLC), Series Supplement (Bear Stearns Depositor Inc), Warrant Agent Agreement (Select Asset Inc)
Limitation on Liability of the Depositor. (a) The Unless otherwise expressly specified in this Agreement, the Depositor shall not be under any obligation to expend or risk its own funds funds, except to the extent of its obligation to pay any amount payable under Section 8.05(b) hereof, or otherwise incur financial liability in the performance of its duties hereunder or under a Supplement thereunder or in the exercise of any of its rights or powers if reasonable grounds exist for believing that the repayment or of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 9 contracts
Samples: Trust Agreement (Incapital Trust Products II LLC), Trust Agreement (Incapital Trust Products LLC), Trust Agreement (Incapital Trust Products LLC)
Limitation on Liability of the Depositor. (a) The Unless otherwise expressly specified in the Trust Agreement, the Depositor shall not be under any obligation to expend or risk its own funds funds, except to the extent of its obligation to pay any amount payable under the Trustee Fee Letter or under Section 10.05(b) hereof, or otherwise incur financial liability in the performance of its duties hereunder or under a Supplement thereunder or in the exercise of any of its rights or powers if reasonable grounds exist for believing that the repayment or of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 9 contracts
Samples: Structured Asset Trust (MS Structured Asset Corp), Trust Agreement (MS Structured Asset Corp), Trust Agreement (MSDW Structured Asset Corp)
Limitation on Liability of the Depositor. (a) The ---------------------------------------- Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Series Supplement or in the exercise of any of its rights or powers power if reasonable grounds exist for believing that the repayment or such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 5 contracts
Samples: Trust Agreement (Db Depositor Inc), Elmwood Funding LTD, Elmwood Funding LTD
Limitation on Liability of the Depositor. (a) ---------------------------------------- The Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Series Supplement or in the exercise of any of its rights or powers power if reasonable grounds exist for believing that the repayment or such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 5 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp)
Limitation on Liability of the Depositor. (a) The Unless otherwise expressly specified in this Agreement or a Series Supplement, the Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Series Supplement or in the exercise of any of its rights or powers if reasonable grounds exist for believing that the repayment or of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 2 contracts
Samples: Series (Prudential Securities Structured Assets Inc), Base Trust Agreement (Prudential Securities Structured Assets Inc)
Limitation on Liability of the Depositor. (a) The Depositor shall not be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder or under a Series Supplement or in the exercise of any -50- of its rights or powers power if reasonable grounds exist for believing that the repayment or such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 1 contract
Samples: Select Asset Inc
