Common use of Trustee Not Liable for Recitals Clause in Contracts

Trustee Not Liable for Recitals. in Certificates ----------------------------------------------- or Underlying Securities. The Trustee assumes no responsibility for the ------------------------ correctness of the recitals contained herein and in the Certificates or in any document issued in connection with the sale of the Certificates (other than the signature and authentication on the Certificates). Except as set forth in Section 7.10, the Trustee makes no representations or warranties as to the validity or sufficiency of this Trust Agreement or of the Certificates of any Series (other than the signature and authentication on the Certificates) or of any Underlying Security or related document. The Trustee shall not be accountable for the use or application by the Depositor, of any of the Certificates or of the proceeds of such Certificates.

Appears in 4 contracts

Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp), Trust Agreement (Lehman Abs Corp)

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Trustee Not Liable for Recitals. in Certificates ----------------------------------------------- or -------------------------------------------------- Underlying Securities. The Trustee assumes no responsibility for the ------------------------ --------------------- correctness of the recitals contained herein and in the Certificates or in any document issued in connection with the sale of the Certificates (other than the signature and authentication on the Certificates). Except as set forth in Section 7.10, the Trustee makes no representations or warranties as to the validity or sufficiency of this Trust Agreement or of the Certificates of any Series (other than the signature and authentication on the Certificates) or of any Underlying Security or related document. The Trustee shall not be accountable for the use or application by the Depositor, of any of the Certificates or of the proceeds of such Certificates.

Appears in 4 contracts

Samples: Elmwood Funding LTD, Elmwood Funding LTD, Elmwood Funding LTD

Trustee Not Liable for Recitals. in Certificates ----------------------------------------------- or --------------------------------------------------- Underlying Securities. The Trustee assumes no responsibility for the ------------------------ --------------------- correctness of the recitals contained herein and in the Certificates or in any document issued in connection with the sale of the Certificates (other than the signature and authentication on the Certificates). Except as set forth in Section 7.10, the Trustee makes no representations or warranties as to the validity or sufficiency of this Trust Agreement or of the Certificates of any Series (other than the signature and authentication on the Certificates) or of any Underlying Security or related document. The Trustee shall not be accountable for the use or application by the Depositor, of any of the Certificates or of the proceeds of such Certificates.

Appears in 1 contract

Samples: Elmwood Funding LTD

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Trustee Not Liable for Recitals. in Certificates ----------------------------------------------- or -------------------------------------------------- Underlying Securities. The Trustee assumes no responsibility for the ------------------------ correctness --------------------- of the recitals contained herein and in the Certificates or in any document issued in connection with the sale of the Certificates (other than the signature and authentication on the Certificates). Except as set forth in Section 7.107.11, the Trustee makes no representations or warranties as to the validity or sufficiency of this Trust Agreement or of the Certificates of any Series (other than the signature and authentication on the Certificates) or of any Underlying Security or related document. The Trustee shall not be accountable for the use or application by the Depositor, of any of the Certificates or of the proceeds of such Certificates.

Appears in 1 contract

Samples: Trust Agreement (Db Depositor Inc)

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