Common use of Securities Administrator Capacity Clause in Contracts

Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted and delivered by Wells Fargo Bank, National Association not in its individuax xxxacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested in it as securities administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Agreement.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He6)

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Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement Annex is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted and Annex is executed xxx delivered by Wells Fargo Bank, National Association not in its individuax xxxacity individual capacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested invested in it as securities administrator Securities Administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B the Trust is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be personally capacity xx xersonally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this AgreementAnnex.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3)

Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement Annex is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted and Annex is executed xxx delivered by Wells Fargo Bank, National Association not in its individuax xxxacity individual capacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested invested in it as securities administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B the Trust is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be personally capacity xx xersonally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this AgreementAnnex.

Appears in 3 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2)

Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted and delivered by Wells Fargo Bank, National Association not in its individuax xxxacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested invested in it as securities administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B the Trust is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2)

Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted Agreemexx xx executed and delivered by Wells Fargo Bank, National Association not in its individuax xxxacity indivxxxxx capacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested in it as securities administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy individuax xxxacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

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Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement Annex is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted Annex is executed and delivered by Wells Fargo Bank, National Association Association, not in its individuax xxxacity individual capxxxxx but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested invested in it as securities administrator Securities Administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B the Trust is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be capacity xx personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this AgreementAnnex.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

Securities Administrator Capacity. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by Wells Fargo Bank, National Association (i) this Agreement ix xxxcuted and delivered by Wells Fargo Bank, National Association not in its individuax xxxacity but solely as Securities Administrator under the PSA in the exercise of the powers and authority conferred and vested in it as securities administrator Securities Administrator thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of Party B is made and intended not as personal representations of the Securities Administrator but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Wells Fargo Bank, National Association in its individual caxxxxxy be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He7)

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