Common use of Organizational Expenses; Liabilities of the Holders Clause in Contracts

Organizational Expenses; Liabilities of the Holders. (a) The Servicer shall pay organizational expenses of the Grantor Trust as they may arise. (b) No Grantor Trust Certificateholder (including the Grantor Trust Seller if the Grantor Trust Seller becomes a Grantor Trust Certificateholder) shall have any personal liability for any liability or obligation of the Grantor Trust.

Organizational Expenses; Liabilities of the Holders. (a) The Servicer shall pay the organizational expenses of the Grantor Trust as they may arise. (b) No Grantor Trust Certificateholder (including the Grantor Trust Seller if the Grantor Trust Seller becomes a Grantor Trust Certificateholder) shall have any personal liability for any liability or obligation of the Grantor Trust.

Organizational Expenses; Liabilities of the Holders. (a) The Servicer [Depositor] shall pay organizational expenses of the Grantor Trust as they may arise. (b) No Grantor Trust Certificateholder (including the Grantor Trust Seller if the Grantor Trust Seller is or becomes a Grantor Trust Certificateholder) shall have any personal liability for any liability or obligation of the Grantor Trust.

Organizational Expenses; Liabilities of the Holders. ‌ (a) The Servicer [Depositor] shall pay organizational expenses of the Grantor Trust as they may arise. (b) No Grantor Trust Certificateholder (including the Grantor Trust Seller if the Grantor Trust Seller is or becomes a Grantor Trust Certificateholder) shall have any personal liability for any liability or obligation of the Grantor Trust.