Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein, in the Certificates or in the Class C Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, of the Certificates or of the Class C Certificates (other than its execution thereof) or of any Contract, Contract File, Land-and-Home Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Company of funds paid to the Company in consideration of conveyance of the Contracts to the Trust by the Company or deposited into or withdrawn from the Certificate Account by the Servicer.
Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Servicer.
Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the countersignature of the Certificates) shall be taken as the statements of Vanderbilt or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly countersigned by it), of any Contract or related document or the conveyance of the Contracts and any related Mortgages or documents. The Trustee shall not be accountable for the use or application by Vanderbilt of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to Vanderbilt or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by Vanderbilt or the Servicer. The Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder (unless the Trustee shall have become the successor Servicer) or to prepare or file any Securities and Exchange Commission filing for the trust created hereby or to record this Agreement.
Trustee Not Liable for Certificates or Contracts. The Trustee shall make no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than its execution of Certificates on behalf of the Trust and the certificate of authentication on the Certificates) or of any Contract or related document. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity, and enforceability of any security interest in any Financed Vehicle or any Contract, or the perfection and priority of such a security interest or the maintenance of any such perfection and priority, or for or with respect to the efficacy of the Trust or its ability to generate the payments to be distributed to Certificateholders under this Agreement, including: the existence, condition, location, and ownership of any Financed Vehicle; the existence and enforceability of any insurance policy thereon; the existence and contents of any Contract or any computer or other record thereof; the validity of the assignment of any Contract to the Trust or of any intervening assignment; the completeness of any Contract; the performance or enforcement of any Contract; the compliance by the Seller with any warranty or representation made under this Agreement or in any related document and the accuracy of any such warranty or representation prior to the Trustee's receipt of written notice of any noncompliance therewith or any breach thereof; any investment of monies by the Servicer or any loss resulting therefrom (it being understood that the Trustee shall remain responsible for any Trust property that it may hold); the acts or omissions of the Seller or any Obligor; an action of the Servicer taken in the name of the Trustee; or any action by the Trustee taken at the instruction of the Servicer; provided, however, that the foregoing shall not relieve the Trustee of its obligation to perform its duties under this Agreement. Except with respect to a claim based on the failure of the Trustee to perform its duties under this Agreement or based on the Trustee's negligence or willful misconduct in the performance of its duties hereunder, no recourse shall be had for any claim based on any provision of this Agreement, the Certificates, or any Contract or assignment thereof against the Trustee in its individual capacity. The Trustee shall not have any personal obligation, liability, or duty whatsoever to any Certificateholder or any other Person with respect to any such claim, and any such cl...
Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Trust or of the Certificates (other than its execution thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Trust Depositor of funds paid to the Trust Depositor in consideration of conveyance of the Contracts to the Trust by the Trust Depositor or deposited in or withdrawn from the Collection Account by the Servicer.
Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than its execution thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Company of funds paid to the Company in consideration of conveyance of the Contracts to the Trust by the Company or deposited in or withdrawn from the Certificate Account by the Servicer.
Trustee Not Liable for Certificates or Contracts. The ------------------------------------------------ recitals contained herein and in the Certificates (other than the countersignature of the Certificates) shall be taken as the statements of the Company or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly countersigned by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Company of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Company or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Accounts by the Company or the Servicer. The Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder (unless the Trustee shall have become the successor Servicer) or to prepare or file any Securities and Exchange Commission filing for the trust created hereby or to record this Agreement.
Trustee Not Liable for Certificates or Contracts. The ------------------------------------------------ Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, of the Certificates (other than its execution thereof) or of any Contract, Contract File, Land-and-Home Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer, the Originator or the Seller of funds paid to the Originator or the Seller, as applicable, in consideration of conveyance of the Contracts to the Trust by the Originator and the Seller or deposited into or withdrawn from the Certificate Account by the Servicer.
Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the certificate of authentication of the Certificates) shall be taken as the statements of the Depositor, the Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, the Certificates (other than the certificate of authentication of the Certificates), the Sale and Purchase Agreement or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Depositor, the Seller or the Servicer of any of the Certificates or of the proceeds thereof, or for the use or application of any funds paid to the Depositor, the Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account, the Reserve Fund, the Class A-1 Final Distribution Account or the Liquidity Accounts by the Depositor, the Seller or the Servicer.
Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution and authentication thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Issuer or of the Certificates (other than its execution and authentication thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Seller of funds paid to the Seller in consideration of conveyance of the Contracts to the Depositor or deposited in or withdrawn from the Collection Account by the Servicer.
