Receipt of Certificate Trustee Shall Discharge Purchaser. The receipt of the Certificate Trustee, on behalf of the Certificate Issuer, shall be a sufficient discharge to any purchaser for its purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or nonapplication thereof.
Appears in 9 contracts
Samples: Certificate Indenture (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Certificate Indenture (OE Funding LLC), Certificate Indenture (OE Funding LLC)
Receipt of Certificate Trustee Shall Discharge Purchaser. The -------------------------------------------------------- receipt of the Certificate Trustee, on behalf of the Certificate IssuerTrust, shall be a sufficient discharge to any purchaser for its purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or nonapplication thereof.
Appears in 5 contracts
Samples: Trust Agreement (Sce Funding LLC), Declaration and Agreement of Trust (Pg&e Funding LLC), Declaration and Agreement of Trust (Sce Funding LLC)
Receipt of Certificate Trustee Shall Discharge Purchaser. The -------------------------------------------------------- receipt of the Certificate Trustee, on behalf of the Certificate IssuerTrust, shall be a sufficient discharge to any purchaser for its purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable answer able for any loss, misapplication or nonapplication thereof.
Appears in 1 contract
Samples: Declaration and Agreement of Trust (Sdg&e Funding LLC a De Limited Liability Co)
