Common use of Limited Recourse to Obligors Clause in Contracts

Limited Recourse to Obligors. (a) Notwithstanding anything to the contrary contained herein, the Trustee and each Holder by such Holder's acceptance of a Note hereunder agree that the obligations of the Obligors hereunder, including, without limitation, the obligations of the Obligors in respect of the Notes shall be payable solely from the related Series Trust Estate and that neither the Trustee nor any Holder shall look to any other Property or assets of such Obligors including, specifically but without limitation, the Series Trust Estate with respect to any other Series. No recourse shall be had for the Payment of any amount owing in respect of any Obligor's obligations hereunder or for any payment obligation or claim arising out of or based on this Master Agreement against any Affiliate, agent, stockholder, employee, officer, director or incorporator of such Obligor.

Limited Recourse to Obligors. (a) Notwithstanding anything to the contrary contained herein, the Trustee and each Holder by such Holder's acceptance of a Note hereunder agree that the obligations of the related Series Obligors hereunder, including, without limitation, the obligations of the related Series Obligors in respect of the Notes shall be payable solely from the related Series Trust Estate (including any Crossover Amounts included in such Series Trust Estate), and that neither the Trustee nor any Holder shall look to any other Property or assets of such Obligors Obligors, or to the Property or assets of any other Obligor, including, specifically but without limitation, the Series Trust Estate with respect to any other Series. No recourse shall be had for the Payment payment of any amount owing in respect of any ObligorObligors's obligations hereunder or for any payment obligation or claim arising out of or based on this Master Agreement against any Affiliate, agent, stockholder, employee, officer, director or incorporator of such Obligor.this