Securitization Holders. To the extent that any entity becomes a Securitization Holder, (i) such Securitization Holder shall exercise its rights as a Holder hereunder only as directed or authorized pursuant to the related Securitized Financing Documents and (ii) except with respect to a Claim based on such Securitization Holder's willful misconduct, bad faith or negligence, or to the extent otherwise expressly provided in such Securitized Financing Documents, no recourse shall be had against the institution serving as such Securitization Holder.
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Samples: Trust and Servicing Agreement (Nissan Auto Lease Trust 2003-A), Trust Agreement (Ryder Funding Ii Lp), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)
Securitization Holders. To the extent that any entity becomes a Securitization Holder, (i) such Securitization Holder shall exercise its rights as a Holder hereunder only as directed or authorized pursuant to the related Securitized Financing Securitization Documents and (ii) except with respect to a Claim claim based on such Securitization Holder's willful misconduct, bad faith or negligence, or to the extent otherwise expressly provided in such Securitized Financing Securitization Documents, no recourse shall be had against the institution serving as such Securitization Holder.
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