Common use of Owner Trustee Not Liable for Certificates Clause in Contracts

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements contained herein and in the Certificates, Notes and other Transaction Documents (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) shall be taken as the statements of the Transferor, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Transaction Document or the Certificates (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03), the Notes or related documents. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to the Noteholders under the Indenture, including the existence, condition and ownership of the Receivables, the existence and contents of the Receivables on any computer or other record thereof, the validity of the assignment of the Receivables to the Trust or of any intervening assignment, the completeness of the Receivables; the performance or enforcement of the Receivables, the compliance by the Transferor with any warranty or representation made under any Transaction Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements recitals contained herein and in the Certificates, Notes and other Transaction Documents Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates) shall be taken as the statements of the TransferorDepositor (other than the signature or counter-signature of the Owner Trustee on the Notes), and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, of any other Transaction Related Document or of the Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates) or the Notes (other than the signature or counter-signature of the Owner Trustee on the Notes), the Notes or of any Receivable or related documents. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables any Receivable, or the perfection and priority of any security interest created by any Receivable in any Financed Vehicle or the Receivables maintenance of any such perfection and priority of any security interest created by any Receivable in any Financed Vehicle or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate Property or its ability to generate the payments to be distributed to the Noteholders under the IndentureIndenture or any payments to Certificateholders under this Agreement, including including, without limitation: the existence, condition and ownership of any Financed Vehicle; the Receivables, existence and enforceability of any insurance thereon; the existence and contents of the Receivables on any Receivable or any computer or other record thereof, ; the validity of the assignment of the Receivables any Receivable to the Trust or of any intervening assignment, ; the completeness of the Receivablesany Receivable; the performance or enforcement of the Receivables, any Receivable; the compliance by the Transferor Seller or the Servicer with any warranty or representation made under any Transaction Related Document or in any related document Related Document, or the accuracy of any such warranty or representation or any action of the AdministratorPaying Agent, the Servicer Indenture Trustee, the Custodian or the Indenture Trustee Servicer taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements recitals contained herein and in the Certificates, Notes and other Transaction Documents Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) shall will be taken as the statements of the TransferorTransferor[s], and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Transaction Document or the Certificates (other than the genuineness of the signature and authentication (as applicable) countersignature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates), the Notes Notes, or of any Receivable or related documents. The Owner Trustee shall will at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to the Noteholders under the Indenture, including including, without limitation, the existence, condition and ownership of the Receivables, ; the existence and contents of the Receivables on any computer or other record thereof, ; the validity of the assignment of the Receivables to the Trust Issuer or of any intervening assignment, ; the completeness of the Receivables; the performance or enforcement of the Receivables, ; the compliance by the Transferor Transferor[s] with any warranty or representation made under any Transaction Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements recitals contained herein and in the Certificates, Notes and other Transaction Documents Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) shall be taken as the statements of the Transferor, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Transaction Document or the Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates), the Notes Notes, or related documents. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to the Noteholders under the Indenture, including including, without limitation: the existence, condition and ownership of the Receivables, ; the existence and contents of the Receivables on any computer or other record thereof, ; the validity of the assignment of the Receivables to the Trust or of any intervening assignment, ; the completeness of the Receivables; the performance or enforcement of the Receivables, ; the compliance by the Transferor with any warranty or representation made under any Transaction Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or ReceivablesCommercial ------------------------------------------------------- Loans. The statements recitals contained herein and in the Certificates, Notes and other Transaction Documents (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) the Transferor ----- Interest shall be taken as the statements of the Transferor, Depositor and the Owner Trustee assumes no personal responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this the Trust Agreement, of any other Transaction Basic Document or of the Certificates or the Transferor Interest (other than as to the genuineness due execution by the Owner Trustee of the signature Certificates and the Transferor Interest on behalf of the Trust and the certificate of authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03)the Transferor Interest as applicable) or the Notes, the Notes or of any Commercial Loan or related documents. The Owner Trustee shall at no time have any personal responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priorityCommercial Loan, or for or with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders and the holder of the Transferor Interest under the Trust Agreement or the Noteholders under the Indenture, including including, without limitation: the existence, condition and ownership of the Receivables, any collateral securing a Commercial Loan; the existence and contents enforceability of the Receivables on any computer or other record thereof, insurance thereon; the validity of the assignment of the Receivables any Commercial Loan to the Trust or of any intervening assignment, the completeness of the Receivables; the performance or enforcement of the Receivables, any Commercial Loan; the compliance by the Transferor Depositor or the Servicer with any warranty or representation made under any Transaction Basic Document or in any related document or the accuracy of any such warranty or representation representation, or any action of the AdministratorDepositor, the Indenture Trustee or the Servicer or the Indenture Trustee any subservicer taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements recitals contained herein and in the Certificates, Notes and other Transaction Documents Certificates (other than the genuineness of the signature and authentication (as applicable) countersignature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates) shall be taken as the statements of the TransferorDepositor, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes Co-Trustees make no representations as to the validity or sufficiency of this Agreement, of any other Transaction Basic Document or of the Certificates (other than the genuineness of the signature and authentication (as applicable) countersignature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03)Certificates) or the Notes, the Notes or of any Receivable or related documents. The Owner Trustee Trustee, the Delaware Trustee, The Bank of New York and The Bank of New York (Delaware) shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables any Receivable, or the perfection and priority of any security interest created by any Receivable in the Receivables any Financed Vehicle or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Agreement or the Noteholders under the Indenture, including including, without limitation: the existence, condition and ownership of any Financed Vehicle; the Receivables, existence and enforceability of any insurance thereon; the existence and contents of the Receivables any Receivable on any computer or other record thereof, ; the validity of the assignment of the Receivables any Receivable to the Trust or of any intervening assignment, ; the completeness of the Receivablesany Receivable; the performance or enforcement of the Receivables, any Receivable; the compliance by the Transferor Depositor or the Servicer with any warranty or representation made under any Transaction Basic Document or in any related document document, or the accuracy of any such warranty or representation or any action of the AdministratorIndenture Trustee, the Administrator or the Servicer or the Indenture Trustee any subservicer taken in the name of the Owner Trustee or the Delaware Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements contained herein and in the Certificates, Notes and other Transaction Documents (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) shall be taken as the statements of the Transferor, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Transaction Document or the Certificates (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03), the Notes or related documents. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate Assets or its ability to generate the payments to be distributed to the Noteholders under the Indenture, including the existence, condition and ownership of the Receivables, the existence and contents of the Receivables on any computer or other record thereof, the validity of the assignment of the Receivables to the Trust or of any intervening assignment, the completeness of the Receivables; the performance or enforcement of the Receivables, the compliance by the Transferor with any warranty or representation made under any Transaction Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables. The statements contained herein and in the Certificates, Notes and other Transaction Documents (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03) shall not be taken as the statements of the TransferorOwner Trustee, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Transaction Document or of the Certificates (other than the genuineness of the signature and authentication (as applicable) of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03Certificates), or of the Notes or of any other Transaction Document or of any related documents. The Owner Trustee shall at no time have any responsibility or personal liability for or with respect to the legality, validity and enforceability of the Receivables Receivables, or the perfection and priority of any security interest in the Receivables or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to the Noteholders under the Indenture, including including, without limitation: the existence, condition and ownership of the Receivables, ; the existence and enforceability of any insurance thereon; the existence and contents of the Receivables on any computer or other record thereof, ; the validity of the assignment of the Receivables to the Trust or of any intervening assignment, ; the completeness of the Receivables; the performance or enforcement of the Receivables, ; the compliance by the Transferor or the Servicer with any warranty or representation made under any Transaction Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, the Servicer Indenture Trustee or the Indenture Trustee Servicer taken in the name of the Owner Trustee.

Owner Trustee Not Liable for Certificates. Notes or Receivables--------------------------------------------------- Contracts. --------- The statements recitals contained herein and in the Certificates, Certificates and the Notes and other Transaction Documents (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates and its representations and warranties in Section 6.03the Notes) shall be taken as the statements of the TransferorDepositor, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, of any other Transaction Related Document or of the Certificates (other than the genuineness of the signature and authentication (as applicable) counter-signature of the Owner Trustee on the Certificates Certificates) or the Notes (other than the signature and its representations and warranties in Section 6.03counter-signature of the Owner Trustee on the Notes), the Notes or of any Contract or related documents. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of the Receivables any Contract, or the perfection and priority of any security interest created by any Contract in the Receivables any Product or the maintenance of any such perfection and prioritypriority of any security interest created by any Contract in any Product, or for or with respect to the sufficiency of the Trust Estate Property or its ability to generate the payments to be distributed to Certificateholders under this Agreement or the Noteholders under the Indenture, including including, without limitation: the existence, condition and ownership of any Product; the Receivables, existence and enforceability of any insurance thereon; the existence and contents of the Receivables on any Contract or any computer or other record thereof, ; the validity of the assignment of the Receivables any Contract to the Trust or of any intervening assignment, ; the completeness of the Receivablesany Contract; the performance or enforcement of the Receivables, any Contract; the compliance by the Transferor Seller or the Servicer with any warranty or representation made under any Transaction Related Document or in any related document or the accuracy of any such warranty or representation or any action of the Administrator, Indenture Trustee or the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.