Payments from Trust Estate Only. All payments to be ------------------------------- made by the Owner Trustee on behalf of the Trust under this Agreement will be made only from the income and the capital proceeds derived from the Trust Estate and only to the extent that the Owner Trustee on behalf of the Trust will have received income or capital proceeds from the Trust Estate. The Beneficiary agrees that it will look solely to the income and capital proceeds derived from the Trust Estate (to the extent available for payment as herein provided) and that, except as specifically provided herein, the Owner Trustee will not be subject to any liability in its individual capacity under this Agreement to the Beneficiary or to any other Person.
Appears in 2 contracts
Samples: Trust Agreement (Mbna Credit Card Master Note Trust), Trust Agreement (Mbna Credit Card Master Note Trust)
Payments from Trust Estate Only. All payments to be ------------------------------- made by the Owner Trustee on behalf of the Trust under this Agreement will be made only from the income and the capital proceeds derived from the Trust Estate and only to the extent that the Owner Trustee on behalf of the Trust will have received income or capital proceeds from the Trust Estate. The Beneficiary agrees that it will look solely to the income and capital proceeds derived from the Trust Estate (to the extent available for payment as herein provided) and that, except as specifically provided herein, the Owner Trustee will not be subject to any liability in its individual capacity under this Agreement to the Beneficiary or to any other Person.
Appears in 2 contracts
Samples: Trust Agreement (Daimlerchrysler Wholesale Receivables LLC), Trust Agreement (Carco Auto Loan Master Trust)