Common use of No Liability of the Clause in Contracts

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 Underlying 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 52 contracts

Samples: Market Agent Agreement (Merrill Lynch Depositor Inc Pplus Trust Series DCC 1), Market Agent Agreement (Merrill Lynch Depositor Inc Pplus Trust Series GSG-2), Market Agent Agreement (Merrill Lynch Depositor Inc Preferredplus Trust Series CCR-1)

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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 Underlying Securities Issuer(s)--------- 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 1 contract

Samples: Trust Agreement (Db Depositor Inc)

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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 Underlying Securities Issuer(s)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 1 contract

Samples: Southpoint Structured Assets Inc

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