Common use of Payments from Trust Estate Only Clause in Contracts

Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section 2.13 hereof with funds provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 6 contracts

Samples: Trust Agreement (Nelnet Student Loan Trust 2009-2), Trust Agreement (Nelnet Student Loan Trust 2008-1), Trust Agreement (Nelnet Student Loan Trust 2008-3)

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Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section Sections 2.05(a)(ix) and 2.13 hereof with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 6 contracts

Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Nelnet Student Loan Trust 2005-4), Trust Agreement (Nelnet Student Loan Funding LLC)

Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section 2.13 hereof Sections 2.05(a)(ix), 2.12 and 2.14 with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section 4.02 does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 6 contracts

Samples: Trust Agreement (Nelnet Student Loan Funding LLC), Trust Agreement (Nelnet Student Loan Funding LLC), Trust Agreement (Nelnet Student Loan Funding LLC)

Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section 2.13 hereof Sections 2.05(a)(ix), 2.12 and 2.14 with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section 4.02 does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 2 contracts

Samples: Trust Agreement (Gmac Elf LLC), Trust Agreement (Gmac Elf LLC)

Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section 2.13 Sections 2.05(a)(ix), 2.12 and 2.14 hereof with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 2 contracts

Samples: Trust Agreement (Nelnet Student Loan Funding LLC), Trust Agreement (Nelnet Student Loan Funding LLC)

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Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section Sections 2.05(a)(ix) and 2.13 hereof with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 2 contracts

Samples: Trust Agreement (Nelnet Student Loan Trust 2006-3), Trust Agreement (Nelnet Student Loan Trust 2006-2)

Payments from Trust Estate Only. All payments to be made by the Delaware Trustee under this Trust Agreement or by the Trust (other than payments made pursuant to Section Sections 2.05(a)(ix) and 2.13 hereof with funds to be provided by a Certificateholder) shall be made only from the Trust Estate and the income and proceeds from or related to the Trust Estate and only to the extent that the Delaware Trustee shall have actually received such income or proceeds from the Trust Estate and such proceeds are not required to be remitted to the Indenture Trustee pursuant to Section 4.01(a) hereof or the Indenture. Each Certificateholder agrees that it will look solely to the Trust Estate to the extent available for payment as herein provided and that, except as specifically provided in Section 6.01 hereof, the Trust Company shall not be liable in its individual capacity to any Certificateholder for any amounts payable under this Trust Agreement and shall not be subject to any liability in its individual capacity under this Trust Agreement. This Section is intended solely to limit the liability of the Delaware Trustee and shall have no effect on the obligations of the Certificateholders under this Trust Agreement. This Section does not limit the liability of the Delaware Trustee set forth in Section 6.01 hereof.

Appears in 1 contract

Samples: Trust Agreement (Nelnet Student Loan Trust 2005-1)

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