Common use of Not Responsible for Recitals or Issuance of Bonds Clause in Contracts

Not Responsible for Recitals or Issuance of Bonds. The recitals contained herein and in the Bonds, except the certificates of authentication on the Bonds, shall be taken as the statements of the Depositor, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Bonds. The Trustee shall not be accountable for the use or application by the Depositor of Bonds or the proceeds thereof or any money paid to the Depositor or upon Depositor Order pursuant to the provisions hereof.

Appears in 2 contracts

Samples: Indenture (Union Planters Mortgage Finance Corp), Indenture (Union Planters Home Equity Corp)

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Not Responsible for Recitals or Issuance of Bonds. The recitals contained herein and in the Bonds, except the certificates of authentication on the Bonds, shall be taken as the statements of the DepositorIssuer, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation representations with respect to any Trust Estate or as to the validity or sufficiency of this Indenture or of the Bonds. The Trustee shall not be accountable for the use or application by the Depositor Issuer of Bonds or the proceeds thereof or any money paid to the Depositor Issuer or upon Depositor Issuer Order pursuant to the provisions hereof.

Appears in 2 contracts

Samples: Indenture (CMC Securities Corp Iv), Indenture (Capstead Securities Corporation Iv)

Not Responsible for Recitals or Issuance of Bonds. The recitals contained herein and in the Bonds, except the Trustee's certificates of authentication on the Bondsauthentication, shall be taken as the statements of the DepositorCompany, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation representations as to the validity or sufficiency of this Indenture or of the Bonds. The Trustee shall not be accountable for the use or application by the Depositor Company of Bonds or the proceeds thereof or any money paid to the Depositor or upon Depositor Order pursuant to the provisions hereofthereof.

Appears in 1 contract

Samples: Trust Indenture (Cleco Corp)

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Not Responsible for Recitals or Issuance of Bonds. The recitals contained herein herein, in any indenture supplemental hereto and in the Bonds, except the certificates of authentication on the Bonds, shall be taken as the statements of the DepositorIssuer, and the Trustee assumes shall have no responsibility for their correctness. The Trustee makes no representation representations with respect to any Trust Estate securing a Series of Bonds or as to the validity or sufficiency of this the Indenture or of the Bonds. The Trustee shall not be accountable for the use or application by the Depositor Issuer of either the Bonds or the proceeds thereof or any money paid to the Depositor or upon Depositor Order pursuant to the provisions hereofthereof.

Appears in 1 contract

Samples: Standard Indenture Provisions (Fund America Investors Corp Ii)

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