Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee. (b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
Appears in 9 contracts
Samples: Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Amsouth Auto Corp Inc)
Organizational Expenses; Liabilities of the Holders. (a) The Depositor shall pay organizational expenses of Issuer the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
(b) No Holder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 5 contracts
Samples: Trust Agreement (Capital One Auto Finance Trust 2002-A), Trust Agreement (Capital One Auto Receivables Trust 2001-B), Trust Agreement (Capital One Auto Finance Trust 2002-C)
Organizational Expenses; Liabilities of the Holders. (a) Depositor The Administrator shall pay organizational expenses of Issuer the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
(b) No Holder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (M&i Dealer Auto Securitization LLC), Trust Agreement (Bond Securitization LLC), Trust Agreement (M&i Auto Loan Trust 2002-1)
Organizational Expenses; Liabilities of the Holders. (a) Depositor Administrator shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
Appears in 4 contracts
Samples: Trust Agreement (Bas Securitization LLC), Trust Agreement (Lehman Brothers Asset Securitization LLC), Trust Agreement (Bond Securitization LLC)
Organizational Expenses; Liabilities of the Holders. (a) Depositor Issuer shall pay its organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) No Holder Noteholder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Trust Agreement (Wells Fargo Financial Auto Owner Trust 2005-A)
Organizational Expenses; Liabilities of the Holders. (a) a. Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) b. No Holder Noteholder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Wells Fargo Auto Receivables Corp), Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)
Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) No Holder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
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Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.. TRUST AGREEMENT
(b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract
Organizational Expenses; Liabilities of the Holders. (a) The Depositor shall pay organizational expenses of the Issuer as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
(b) No Holder or Owner Certificateholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract
Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract
Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee.
(b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract
Organizational Expenses; Liabilities of the Holders. (a) The Depositor shall pay organizational expenses of Issuer the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.
(b) No Holder or Owner Residual Interestholder shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract
