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

Owner Trustee Not Liable for Certificates. or Related ----------------------------------------------------------- Documents. The recitals contained herein and in the Certificates (other than the --------- signatures of the Owner Trustee on the Certificates) shall be taken as the statements of the Depositor, 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 Trust Agreement, of any other Basic Document or of the Certificates (other than the signatures of the Owner Trustee on the Certificates) or the Notes, or of any Related Documents. The Owner Trustee shall at no time have any responsibility or liability with respect to the sufficiency of the Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Trust Agreement or the Noteholders under the Indenture, including, the compliance by the Depositor or the Seller with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Certificate Paying Agent, the Certificate Registrar, the Paying Agent or the Indenture Trustee taken in the name of the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Wachovia Asset Securitization Inc)

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Owner Trustee Not Liable for Certificates. or --------------------------------------------------- Related ----------------------------------------------------------- Documents. The recitals contained herein and in the ------------------ Certificates (other than the --------- signatures of the Owner Trustee on the Certificates) shall not be taken as the statements of the DepositorOwner 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 Owner Trust Agreement, of any other Basic Document or of the Certificates (other than the signatures of the Owner Trustee on the Certificates) or the Notes, or of any Related Documents. The Owner Trustee shall at no time have any responsibility or liability with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to the Certificateholders under this Owner Trust Agreement or the Noteholders under the Indenture, including, the compliance by the Depositor or the Seller with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Certificate Paying Agent, the Certificate Registrar, the Paying Agent Registrar or the Indenture Trustee taken in the name of the Owner Trustee.

Appears in 1 contract

Samples: Owner Trust Agreement (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

Owner Trustee Not Liable for Certificates. or Related ----------------------------------------------------------- ---------------------------------------------------- Documents. --------- The recitals contained herein and in the Certificates (other than the --------- signatures of the Owner Trustee on the Certificates) shall be taken as the statements of the Depositor, Company 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 Trust Agreement, of any other Basic Document or of the Certificates (other than the signatures of the Owner Trustee on the Certificates) or the NotesBonds, or of any Related Documents. The Owner Trustee shall at no time have any responsibility or liability with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Trust Agreement or the Noteholders Bondholders under the Indenture, including, the including compliance by the Depositor Company or the Seller with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Certificate Paying Agent, the Certificate Registrar, the Paying Agent Registrar or the Indenture Trustee taken in the name of the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Novastar Mortgage Funding Corp)

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Owner Trustee Not Liable for Certificates. or Related ----------------------------------------------------------- Documents. The recitals contained herein and in the Certificates (other than the --------- signatures of the Owner Trustee on the Certificates) shall be taken as the statements of the DepositorSeller, and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency suffici- ency of this Trust Agreement, of any other Basic Document or of the Certificates (other than the signatures of the Owner Trustee on the Certificates) or the Notes, or of any Related Documents. The Owner Trustee shall at no time have any responsibility or liability 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 Trust Agreement or the Noteholders under the IndentureInden- ture, including, the compliance by the Depositor or the Seller with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Administrator, the Certificate Paying Agent, the Certificate Registrar, the Paying Agent Registrar or the Indenture Trustee taken in the name of the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Household Consumer Loan Trust 1997-1)

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