Common use of UTI is Separate from any SUBI Clause in Contracts

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 2013-1A SUBI Certificate, by virtue of its acceptance of such Series 2013-1A SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 2013-1A 1 SUBI Certificate, by virtue of its acceptance of such Series 2013-1A 1 SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 20132014-1A 1 SUBI Certificate, by virtue of its acceptance of such Series 20132014-1A 1 SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 20132014-1A SUBI Certificate, by virtue of its acceptance of such Series 20132014-1A SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 20132015-1A 1 SUBI Certificate, by virtue of its acceptance of such Series 20132015-1A 1 SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.

UTI is Separate from any SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Series 2013-1A 2 SUBI Certificate, by virtue of its acceptance of such Series 2013-1A 2 SUBI Certificate or pledge thereof acknowledges and agrees) that: the UTI shall be a separate series of the Trust as provided in Section 3806(b)(2) of the Statutory Trust Statute. Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets. Except to the extent required by law or specified in this Agreement, the Undivided Trust Interest shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to any SUBI or any Trustee. No creditor or holder of a claim relating to assets allocated to the UTI shall be entitled to maintain any action against or recover any assets allocated to any SUBI.