No Liability of the Trustee. with Respect to the ----------------------------------------------- Underlying Securities; Certificateholders to Proceed Directly Against the ------------------------------------------------------------------------- Issuer(s). (a) The sole obligor with respect to any Underlying Security is the --------- Issuer thereof. The Trustee shall not have any obligation on or with respect to the Underlying Securities; and its obligations with respect to Certificates shall be solely as set forth in this Trust Agreement.
Appears in 4 contracts
Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp)
No Liability of the Trustee. with Respect to the ----------------------------------------------- Underlying Securities; Certificateholders to Proceed Directly Against the ------------------------------------------------------------------------- Underlying Securities Issuer(s). (a) The sole obligor with respect to any ------------------------------- Underlying Security is the --------- Issuer thereofUnderlying Securities Issuer(s). The Trustee shall not have any obligation on or with respect to the Underlying Securities; and its obligations with respect to Certificates shall be solely as set forth in this Trust Agreement.
Appears in 3 contracts
Samples: Elmwood Funding LTD, Elmwood Funding LTD, Elmwood Funding LTD
No Liability of the Trustee. with Respect to the ----------------------------------------------- Underlying Securities; Certificateholders to Proceed Directly Against the ------------------------------------------------------------------------- Issuer(s). (a) The sole obligor with respect to any Underlying Security is the --------- Issuer thereof. The Trustee shall not have any obligation on or with respect to the Underlying Securities; and its obligations with respect to Certificates shall be solely as set forth in this Trust Agreement.
Appears in 2 contracts
Samples: Bear Stearns Depositor Inc, Select Asset Inc
