No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 97 contracts
Samples: Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-1 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 62 contracts
Samples: Trust Agreement (CNH Equipment Trust 2024-B), Trust Agreement (CNH Equipment Trust 2024-A), Trust Agreement (CNH Equipment Trust 2023-B)
No Recourse. Each Trust Certificateholder by accepting a Trust Certificate acknowledges that such Trust Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Securitization Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware TrusteeTrust Company, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement or the Trust Certificates, this Agreement or any other Basic Document.
Appears in 62 contracts
Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-2), Trust Agreement (GM Financial Automobile Leasing Trust 2024-1)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 23 contracts
Samples: Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2014-4 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the SellerMaster Servicer, the ServicerSeller, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 21 contracts
Samples: Trust Agreement (WFS Financial 2005-2 Owner Trust), Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Receivables Corp 3)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 11 contracts
Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the SellerServicer, the ServicerCompany, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 11 contracts
Samples: Trust Agreement (Chase Funding Inc), Trust Agreement (Premier Auto Trust 1997-2), Trust Agreement (Premier Auto Trust 1997-3)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 10 contracts
Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2006-2 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the SellerCompany, the Master Servicer, the Seller, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 10 contracts
Samples: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial 1997-B Owner Trust), Trust Agreement (WFS Financial 1997-a Owners Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 9 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (Nal Financial Group Inc), Trust Agreement (Nal Financial Group Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Eligible Lender Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 7 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 6 contracts
Samples: Trust Agreement (Honda Auto Receivables 2007-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2007-1 Owner Trust), Trust Agreement (American Honda Receivables 2006-1 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 5 contracts
Samples: Trust Agreement (American Honda Receivables Corp Honda Auto Re 2001-2 Own Tr), Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2002-2 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 5 contracts
Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Capital Receivables Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee Security Insurer or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 5 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the Seller, the any Servicer, the Issuer Administrator, any other administrator, any Servicer, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Trust Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 5 contracts
Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Consolidation Loan Funding Ii, LLC)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Indenture Trustee, the Indenture Trustee Letter of Credit Provider, or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 4 contracts
Samples: Trust Agreement (Franklin Auto Trust 2005-1), Trust Agreement (Franklin Auto Trust 2008-A), Trust Agreement (Franklin Auto Trust 2007-1)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee Security Insurer or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 4 contracts
Samples: Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Auto Trust 2004-1), Trust Agreement (Franklin Auto Trust 2004-2)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the SellerCompany, the Master Servicer, the Seller, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.,
Appears in 4 contracts
Samples: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Master Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (Chec Asset Receivables Corp), Trust Agreement (Chec Asset Receivables Corp), Trust Agreement (Avco Abs Receivables Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments to which such parties are a party.
Appears in 3 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
No Recourse. Each Certificateholder by accepting a Trust ----------- Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Eligible Lender Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the Seller, the any Servicer, the Administrator, any Servicer, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Collegiate Funding Services Education Loan Trust 2004-A), Trust Agreement (Collegiate Funding Student Ln Asst Back NTS Ser 2003-B)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the Seller, the any Servicer, the Issuer Administrator, any other administrator, any Servicer, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (College Loan LLC), Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (College Loan LLC)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the AdministratorTransferor, the Depositor, the Owner Trustee, the Delaware Indenture Trustee, the Indenture Trustee Insurer or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (Painewebber Asset Acceptance Corp), Trust Agreement (Securitized Asset Backed Receivables LLC), Trust Agreement (Ml Asset Backed Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer issuer only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 3 contracts
Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (Honda Auto Receivables 2001-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2002-4 Owner Trust)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the SellerMaster Servicer, the ServicerDepositor, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (Morgan Stanley Abs Capital I Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the AdministratorGeneral Partner, the Owner Trustee, the Delaware Trustee, the Indenture Trustee Security Insurer or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 3 contracts
Samples: Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (Money Store Auto Trust 1996-2)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the Seller, the any Servicer, the Administrator, any Servicer, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (Collegiate Funding Services Education Loan Trust 2005-A), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (Ace Securities Corp), Trust Agreement (Barnett Auto Receivables Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administratorholder of the GP Interest, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (Mellon Auto Receivables Corp), Trust Agreement (Barnett Auto Receivables Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Trust Depositor, the SellerServicer, the ServicerSeller, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their the respective Affiliates and no recourse may be had against such parties or their assets, except as may my be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentTransaction Documents.
Appears in 2 contracts
Samples: Authority And (Eaglemark Inc), Trust Agreement (Harley Davidson Customer Funding Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the DepositorSponsor, the Seller, the any Servicer, the Issuer Administrator, any other administrator, any Servicer, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Trust Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, the SellerTransferor, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 2 contracts
Samples: Trust Agreement (American Honda Receivables Corp), Trust Agreement (Pooled Auto Securities Shelf LLC)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Eligible Lender Trustee, the Indenture Trustee Trustee, any Swap Counterparty or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial ownership interests in the Issuer Trust only and do not represent interests in or obligations of the DepositorRepresentative, the SellerOriginators, the Servicer, the AdministratorHolder of the GP Interest, the Holder of the Voting Interest, the Owner Trustee, the Delaware TrusteeBank, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse by such Certificateholder may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (Money Store Home Equity Corp), Money Store Home Equity Corp
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent Certificate represents a beneficial interests interest in the Issuer Trust only and do does not represent interests an interest in or obligations an obligation of the Depositor, the SellerTrust Administrator, the ServicerCertificate Paying Agent, the AdministratorMaster Servicer, the Owner Trustee, the Delaware Trusteeany co-trustee, the Indenture Trustee Bank or any of their respective Affiliates Affiliate thereof (other than the Trust) and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentOperative Agreements.
Appears in 2 contracts
Samples: Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1), Trust Agreement (New York Mortgage Trust 2005-2)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments to which such parties are a party.
Appears in 2 contracts
Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables Trust 2005-A)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the SellerAdministrator, any other administrator, any Servicer, any Subservicer, the Servicer, the Administrator, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Trust Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 2 contracts
Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Goal Capital Funding, LLC)
No Recourse. Each Certificateholder by accepting a Trust ----------- Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments to which such parties are a party.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust Certificates represent beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the DepositorSponsor, the Seller, the any Servicer, the Issuer Administrator, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any the other Basic DocumentDocuments.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s the Trust Certificates represent beneficial interests in the Issuer only and do not represent interests in or obligations of the Depositor, AHFC (in any capacity), the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Trust Certificates, this Agreement or any other Basic Document.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust 's Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicerholder of the AO Interest, the AdministratorServicer, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a the Trust Certificate acknowledges that such Certificateholderholder’s Trust Certificates represent Certificate represents beneficial interests in the Issuer Trust only and do does not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee Buyer or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificate or any the other Basic Document.Trust Documents. Section 11.12
Appears in 1 contract
Samples: Trust Agreement (Nelnet Inc)
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust 's Certificates represent beneficial interests in the Issuer Owner Trust Estate only and do not represent interests in or obligations of the Depositor, the Seller, the Master Servicer, the AdministratorDepositor, the Owner Trustee, the Delaware Trustee, the Indenture Trustee Trustee, any Support Provider or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement the Basic Documents, the Series Supplement or any other Basic DocumentRelated Documents.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a Trust Certificate acknowledges that such Certificateholder’s Trust 's Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Master Servicer, the Administrator, the Owner Eligible Lender Trustee, the Delaware Trustee, the Indenture Trustee or any Affiliate thereof or any officer, director or employee of their respective Affiliates any thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth in this Agreement, the Certificates or contemplated in the Trust Certificates, this Agreement or any other Basic DocumentDocuments.
Appears in 1 contract
No Recourse. Each Certificateholder by accepting a ----------- Trust Certificate acknowledges that such Certificateholder’s 's Trust Certificates represent beneficial interests in the Issuer Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Servicer, the Administrator, the Owner Trustee, the Delaware Trustee, the Indenture Trustee or any of their respective Affiliates Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Trust Certificates, this Agreement Certificates or any other the Basic DocumentDocuments to which such parties are a party.
Appears in 1 contract