Liability of Certificateholders. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Appears in 138 contracts
Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Trust Agreement (Daimler Trust)
Liability of Certificateholders. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.
Appears in 68 contracts
Samples: Trust Agreement (CarMax Auto Owner Trust 2024-2), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2024-1)
Liability of Certificateholders. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Appears in 57 contracts
Samples: Trust Agreement (CarMax Auto Owner Trust 2015-4), Trust Agreement (CarMax Auto Owner Trust 2015-3), Trust Agreement (CarMax Auto Owner Trust 2015-2)
Liability of Certificateholders. The Certificateholders (including the Depositor or any Affiliate thereof) shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Appears in 12 contracts
Samples: Trust Agreement (Merrill Auto Trust Securitization 2008-1), Trust Agreement (GS Auto Loan Trust 2005-1), Trust Agreement (Merrill Auto Trust Securitization 2005-1)
Liability of Certificateholders. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.
Appears in 2 contracts
Samples: Trust Agreement (Nordstrom Inc), Note Purchase Agreement (Bon Ton Stores Inc)
Liability of Certificateholders. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.. ARTICLE THREE
Appears in 2 contracts
Samples: Trust Agreement (Nordstrom Credit Inc), Trust Agreement (Nordstrom Inc)
Liability of Certificateholders. The Certificateholders ------------------------------- shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Appears in 2 contracts
Samples: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC)
Liability of Certificateholders. The Certificateholders holders of the Trust Certificate, the Transferor Certificate and any Supplemental Certificates shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.
Appears in 1 contract
Samples: Trust Agreement (Cabela's Credit Card Master Note Trust)
Liability of Certificateholders. The Certificateholders ------------------------------- shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law of the State of Delaware.
Appears in 1 contract
Liability of Certificateholders. The Certificateholders holders of the Ownership Interest Certificate, the Transferor Certificates and any Supplemental Certificates shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.
Appears in 1 contract
Samples: Trust Agreement (Associates Credit Card Receivables Corp)
Liability of Certificateholders. The Certificateholders holders of the Ownership Interest Certificate, the Transferor Certificate and any interest in the Transferor shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the general corporation law General Corporation Law of the State of Delaware.
Appears in 1 contract
Samples: Trust Agreement (Compucredit Corp)
