Common use of Payments from Trust Estate Only Clause in Contracts

Payments from Trust Estate Only. All payments to be made 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 Trust will have received income or capital proceeds from the Trust Estate. Each Holder of a Seller's Certificate, by its acceptance of such Seller's Certificate, 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 Holders of the Seller's Certificates or to any other Person.

Appears in 2 contracts

Samples: Trust Agreement (Daimlerchrysler Master Owner Trust), Trust Agreement (Daimlerchrysler Master Owner Trust)

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Payments from Trust Estate Only. All payments to be made by the Owner Trustee on behalf of the Trust under this Agreement will shall 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 shall have received income or capital proceeds from the Trust Estate. Each Holder of a Seller's Certificate, by its acceptance of such Seller's Certificate, The Transferor agrees that it will shall 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 shall not be subject to any liability in its individual capacity under this Agreement to the Holders of the Seller's Certificates Transferor or to any other Person.

Appears in 1 contract

Samples: Trust Agreement (CNH Wholesale Receivables Inc)

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Payments from Trust Estate Only. All payments to be made by the Owner Trustee on behalf of the Trust under this Agreement will shall 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 shall have received income or capital proceeds from the Trust Estate. Each Holder of a Seller's Certificate, by its acceptance of such Seller's Certificate, The Transferor agrees that it will shall 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 9 TRUST AGREEMENT specifically provided herein, the Owner Trustee will shall not be subject to any liability in its individual capacity under this Agreement to the Holders of the Seller's Certificates Transferor or to any other Person.

Appears in 1 contract

Samples: Trust Agreement (CNH Wholesale Receivables Inc)

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