Common use of Payments from Trust Estate Only Clause in Contracts

Payments from Trust Estate Only. All payments to be made by ------------------------------- the Owner Trustee under this Trust Agreement shall be made only from the assets of or income and proceeds from the Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Trust Estate to make such payments in accordance with the terms hereof, except as specifically provided herein. The Owner Participant agrees that it will look solely to the assets of or the income and proceeds from the Trust Estate to the extent available for payment as herein provided and that, except as expressly provided herein or in any other Owner Trustee Document, the Trust Company shall not be liable for any amounts payable under this Trust Agreement and shall not be subject to any liability under this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Mobil Corp), Trust Agreement (Mobil Corp)

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Payments from Trust Estate Only. All payments to be made by the ------------------------------- the Owner Managing Trustee under this Trust Agreement shall be made only from the assets of or income and proceeds from the Trust Estate and only to the extent that the Owner Trustee Trust shall have received income or proceeds from the Trust Estate to make such payments in accordance with the terms hereof, except as specifically provided herein. The Owner Participant agrees that it will look solely to the assets of or the income and proceeds from the Trust Estate to the extent available for payment as herein provided and that, except as expressly provided herein or in any other Owner Trustee Documentherein, neither the Trust Company nor Resident Trustee shall not be liable for any amounts payable under this Trust Agreement and shall not be or subject to any liability under this Trust Agreement., and the Trust shall not incur any indebtedness except as contemplated by the Operative Documents and the U.K.

Appears in 2 contracts

Samples: Trust Agreement (Mobil Corp), Trust Agreement (Mobil Corp)

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Payments from Trust Estate Only. All payments to be made by ------------------------------- the Owner Trustee under this Trust Agreement (including, without limitation, any payments pursuant to Section 3.10) shall be made only from the assets of or income and proceeds from the Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Trust Estate to make such payments in accordance with the terms hereof, except as specifically provided hereinin Section 6. 1. The Owner Participant Each Holder agrees that it will look solely to the assets of or the income and proceeds from the Trust Estate to the extent available for payment as herein provided and that, except as expressly specifically provided herein or in any other Owner Trustee Documentherein, the Trust Company shall not be liable to any Holder for any amounts payable under this Trust Agreement and shall not be subject to any liability under this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Wackenhut Corrections Corp), Trust Agreement (Wackenhut Corrections Corp)

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