Specified Assets Not Subject to Liabilities. No claim for indemnification pursuant to this Section 10.1 will be payable from any Titling Trust Assets, including any Specified Assets, and neither the Titling Trust Administrator, nor any other Indemnified Person, will have any recourse against the assets of the Titling Trust, including any Specified Assets, with respect to any indemnification claim that any such Person may have against the Titling Trust or any Holder, Registered Pledgee, Servicer or Affiliate of any of the foregoing.
Appears in 6 contracts
Samples: Trust Agreement (Mercedes-Benz Vehicle Trust), Trust Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Trust Agreement (World Omni LT)
Specified Assets Not Subject to Liabilities. No claim for indemnification pursuant to this Section 10.1 will be payable from any Titling Trust Company Assets, including any Specified Assets, and neither none of the Titling Trust Company Administrator, nor the Managers or any other Indemnified Person, Person will have any recourse against the assets of the Titling TrustCompany, including any Specified Assets, with respect to any indemnification claim that any such Person may have against the Titling Trust Company or any Holder, Registered Pledgee, Servicer or Affiliate of any of the foregoing.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)
