Common use of Acceptance of the Trusts Clause in Contracts

Acceptance of the Trusts. By the execution hereof, the ------------------------ Delaware Trustee accepts the trusts created hereinabove and in Section 2.01. Except as otherwise expressly required by Section 7.02, the Delaware Trustee shall not have any duty or liability with respect to the administration of the Trust, the investment of the Trust's property or the payment of dividends or other distributions of income or principal to the Certificateholders.

Appears in 9 contracts

Samples: Declaration and Agreement (Sce Funding LLC), Declaration and Agreement (Sce Funding LLC), Declaration and Agreement (Sdg&e Funding LLC a De Limited Liability Co)

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