Common use of Xx Recourse Clause in Contracts

Xx Recourse. Each Certificateholder by accepting a Certificate acknowledges that such Certificateholder's Certificates represent beneficial interests in the Trust only and do not represent interests in or obligations of the Depositor, the Seller, the Owner Trustee, the Indenture Trustee or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Trust Agreement, the Certificates or the Basic Documents.

Xx Recourse. Each Certificateholder Certificateholder, by accepting a Certificate Certificate, acknowledges that such Certificateholder's ’s Certificates represent beneficial interests in the Trust only and do not represent interests in or obligations of the DepositorSeller, the SellerServicer, the Backup Servicer, the Owner Trustee, the Indenture Trustee or the Trust Collateral Agent or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in the Certificates, this Trust Agreement, the Certificates or the other Basic Documents.