Common use of Limited Liability of District Clause in Contracts

Limited Liability of District. Except for the payment of Installment Payments and Prepayments when due in accordance with the Installment Sale Agreement and the performance of the other covenants and agreements of the District contained in said Agreement, the District shall have no pecuniary obligation or liability to any of the other parties or to the Owners of the Certificates with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Certificates, or the distribution of Installment Payments to the Owners by the Trust Administrator except as expressly set forth herein.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Limited Liability of District. Except for the payment of Installment Payments and Prepayments when due in accordance with the Installment Sale Agreement and the performance of the other covenants and agreements of the District contained in said Agreement, the District shall have no pecuniary obligation or liability to any of the other parties or to the Owners of the Certificates with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Certificates, or the distribution of Installment Payments to the Owners by the Trust Administrator Trustee except as expressly set forth herein.

Appears in 1 contract

Samples: Trust Agreement

Limited Liability of District. Except for the payment of Installment Lease Payments and Prepayments when due in accordance with the Installment Sale Lease Agreement and the performance of the other covenants and agreements of the District contained in said the Lease Agreement and this Trust Agreement, the District shall have has no pecuniary obligation or liability to any of the other parties or to the Owners of the Certificates with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Certificates, or the distribution of Installment Lease Payments to the Owners by the Trust Administrator Trustee, except as expressly set forth herein.

Appears in 1 contract

Samples: Trust Agreement

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Limited Liability of District. Except for the payment of Installment Lease Payments and Prepayments when due in accordance with the Installment Sale Agreement Lease and the performance of the other covenants and agreements of the District contained in said the Lease and this Trust Agreement, the District shall have has no pecuniary obligation or liability to any of the other parties or to the Owners of the Certificates with respect to this Trust Agreement or the terms, execution, delivery or transfer of the Certificates, or the distribution of Installment Lease Payments to the Owners by the Trust Administrator Trustee, except as expressly set forth herein.

Appears in 1 contract

Samples: Trust Agreement

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