Common use of Non-recourse Obligations Clause in Contracts

Non-recourse Obligations. The Class A-1R Notes and all obligations of the Co-Issuers under this Agreement are limited recourse obligations payable solely from the Assets pursuant to the Priority of Payments. Upon realization of the Assets and the application of the proceeds thereof in accordance with the Indenture, any outstanding obligations of the Co-Issuers hereunder shall be extinguished and shall not thereafter revive. None of the Collateral Manager, the Trustee, the Class A-1R Note Agent, the Administrator, any of their respective affiliates, security holders (including shareholders), members, partners, officers, directors or employees, or the security holders (including shareholders), members, partners, officers, directors, employees or incorporators of the Co-Issuers, or any other person or entity will be obligated to make payments on the Class A-1R Notes. Consequently, the Class A-1R Noteholders must rely solely on amounts received in respect of the Assets for the payment of principal thereof and interest and the Commitment Fee thereon. This section shall survive the termination of this Agreement.

Non-recourse Obligations. The Class A-1R Notes and all obligations of the Co-Issuers under this Agreement are limited non-recourse obligations of the Co-Issuers. The Class A-1R Notes are payable solely from the Assets pursuant to the Priority of PaymentsAssets. Upon realization of the Assets and the application of the proceeds thereof in accordance with the Indenture, any outstanding obligations of the Co-Issuers hereunder shall be extinguished and shall not thereafter revive. None of the Collateral Manager, the Trustee, the Class A-1R Note Agent, the Administrator, any of their respective affiliates, security holders (including shareholders), members, partners, officers, directors or employees, or the security holders (including shareholders), members, partners, officers, directors, employees or incorporators of the Co-Issuers, or any other person or entity will be obligated to make payments on the Class A-1R Notes. Consequently, the Class A-1R Noteholders must rely solely on amounts received in respect of the Assets for the payment of principal thereof and interest and the Commitment Fee thereon. This section shall survive the termination of this Agreement.

Non-recourse Obligations. The Class A-1R Notes and all obligations of the Co-Issuers under this Agreement are limited recourse obligations payable solely from the Assets pursuant to the Priority of Payments. Upon realization of the Assets and the application of the proceeds thereof in accordance with the Indenture, any outstanding obligations of the Co-Issuers hereunder shall be extinguished and shall not thereafter revive. None of the Collateral Manager, the Trustee, the Class A-1R Note Agent, the Administrator, any of their respective affiliates, security holders (including shareholders), members, partners, officers, directors or employees, or the security holders (including shareholders), members, partners, officers, directors, employees or incorporators of the Co-Issuers, or any other person or entity will be obligated to make payments on the Class A-1R Notes. Consequently, the Class A-1R A- 1R Noteholders must rely solely on amounts received in respect of the Assets for the payment of principal thereof and interest and the Commitment Fee thereon. This section shall survive the termination of this Agreement.

Non-recourse Obligations. The Class A-1R A-R Notes and all obligations of the Co-Issuers under this Agreement are limited recourse non‑recourse obligations of the Co-Issuers. The Class A-R Notes are payable solely from the Assets pursuant to the Priority of PaymentsDistributions. Upon realization of the Assets and the application of the proceeds thereof in accordance with the Indenture, any outstanding obligations of the Co-Issuers hereunder shall be extinguished and shall not thereafter revive. None of the Collateral Manager, the Trustee, the Class A-1R A-R Note Agent, the Administrator, any of their respective affiliates, security holders (including shareholders), members, partners, officers, directors or employees, or the security holders (including shareholders), members, partners, officers, directors, employees or incorporators of the Co-Issuers, or any other person or entity will be obligated to make payments on the Class A-1R A-R Notes. Consequently, the Class A-1R A-R Noteholders must rely solely on amounts received in respect of the Assets for the payment of principal thereof and interest and the Class A-R Commitment Fee thereon. This section shall survive the termination of this Agreement.