Common use of Trustee Not Liable for Recitals Clause in Contracts

Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing Agreement, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Subordinated company interests, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests or any Exchangeable Company Interest or of the proceeds of such Investor Certificates, such Subordinated company interests or such Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing Agreement. The Trustee shall not be accountable for the use or application by the Master Servicer of any of the Investor Certificates or of the proceeds of such Investor Certificates, or for the use or application of any funds paid to the Master Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts by or at the direction of the Master Servicer. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 2 contracts

Samples: Pooling Agreement (Huntsman Ici Chemicals LLC), Pooling Agreement (Huntsman Ici Holdings LLC)

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Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, 8.15 the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing Agreement, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Subordinated company interests, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests or any Exchangeable Company Interest or of the proceeds of such Investor Certificates, such Subordinated company interests or such Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing Agreement. The Trustee shall not be accountable for the use or application by the Master Servicer of any of the Investor Certificates or of the proceeds of such Investor Certificates, or for the use or application of any funds paid to the Master Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts by or at the direction of the Master Servicer. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 1 contract

Samples: Pooling Agreement (Huntsman International LLC)

Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing AgreementAgreements, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Subordinated company interestsCompany Interest, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests Company Interest or any the Exchangeable Company Interest or of the proceeds of such Investor Certificates, such Subordinated company interests Company Interest or such the Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing AgreementAgreements. The Trustee shall not be accountable for the use or application by the Master Servicer of any of the Investor Certificates or of the proceeds of such Investor Certificates, or for the use or application of any funds paid to the Master Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts any Lockbox by or at the direction of the Master ServicerServicer or Lockbox Processors. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 1 contract

Samples: Pooling Agreement (Ingram Micro Inc)

Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing Agreement, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Subordinated company interestsCompany Interest, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests Company Interest or any the Exchangeable Company Interest or of the proceeds of such Investor Certificates, such Subordinated company interests Company Interest or such the Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing Agreement. Amended and Restated Pooling Agreement 107 The Trustee shall not be accountable for the use or application by the Master Servicer or any Servicer of any of the Investor Certificates or of the proceeds of such Investor Certificates, or for the use or application of any funds paid to the Master Servicer or any Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts any Lockbox by or at the direction of the Master ServicerServicers or Lockbox Processors. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 1 contract

Samples: Pooling Agreement (Lifestyle Furnishings International LTD)

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Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing Agreement, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Interest, of any Subordinated company interestsCompany Interest, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests Company Interest or any the Exchangeable Company Interest or of the proceeds of such Investor Certificates, such Subordinated company interests Company Interest or such the Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing Agreement. The Trustee shall not be accountable for the use or application by the Master Servicer of any of the Investor Certificates or any Interest or of the proceeds of such Investor CertificatesCertificates or any Interest, or for the use or application of any funds paid to the Master Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts any Lockbox by or at the direction of the Master ServicerPooling Agreement Servicer or Lockbox Processor. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 1 contract

Samples: Pooling Agreement (American Axle & Manufacturing Inc)

Trustee Not Liable for Recitals. The Trustee assumes ------------------------------- no responsibility for the correctness of the recitals contained herein and in the Investor Certificates (other than the certificate of authentication on the Investor Certificates). Except as set forth in Section 8.15, the Trustee makes ------------ no representations as to the validity or sufficiency of any Pooling and Servicing Agreement, of the Investor Certificates (other than the certificate of authentication on the Investor Certificates), of the Exchangeable Company Interest, of any Interest, of any Subordinated company interestsCompany Interest, of any Receivable or of any related document or interest. The Trustee shall not be accountable for the use or application by the Company of any of the Investor Certificates, any Subordinated company interests Company Interest or any the Exchangeable Company Interest or of the Pooling Agreement proceeds of such Investor Certificates, such Subordinated company interests Company Interest or such the Exchangeable Company Interest or for the use or application of any funds paid to the Company in respect of the Receivables or deposited in or withdrawn from the Collection Accounts, the Company Concentration Accounts or other accounts hereafter established to effectuate the transactions contemplated herein and in accordance with the terms of any Pooling and Servicing Agreement. The Trustee shall not be accountable for the use or application by the Master Servicer of any of the Investor Certificates or any Interest or of the proceeds of such Investor CertificatesCertificates or any Interest, or for the use or application of any funds paid to the Master Servicer in respect of the Receivables or deposited in or withdrawn from the Collection Accounts or the Company Concentration Accounts any Lockbox by or at the direction of the Master ServicerServicer or Lockbox Processor. The Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable.

Appears in 1 contract

Samples: Pooling Agreement (American Axle & Manufacturing Holdings Inc)

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