Common use of Investor Certificates Nonassessable and Fully Paid Clause in Contracts

Investor Certificates Nonassessable and Fully Paid. It -------------------------------------------------- is the intention of the parties to each Pooling and Servicing Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the interests in the Trust represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever and that Investor Certificates upon authentication thereof by the Trustee pursuant to Section 5.02 are and shall be deemed fully ------------ paid.

Investor Certificates Nonassessable and Fully Paid. It -------------------------------------------------- is the intention of the parties to each Pooling and Servicing Agreement Agreements that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the interests in the Trust represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever and that Investor Certificates upon authentication thereof by the Trustee pursuant to Section 5.02 are and shall be deemed fully ------------ paid.

Investor Certificates Nonassessable and Fully Paid. It -------------------------------------------------- is the intention of the parties to each Pooling and Servicing Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the interests in the Trust represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever and that Investor Certificates upon authentication thereof by the Trustee pursuant to Section 5.02 are and shall be deemed fully ------------ paid.. 108 Pooling Agreement