Common use of Certificate Nonassessable and Fully Paid Clause in Contracts

Certificate Nonassessable and Fully Paid. The Certificateholder shall not be personally liable for obligations of the Trust, the undivided beneficial interest in the assets of the Trust, whether fractional or whole, represented by a Certificate shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and each Certificate upon execution thereof by the Delaware Trustee and authentication thereof by the Authentication Agent, in each case pursuant to Section 3.3 hereof, are and shall be deemed fully paid and nonassessable.