Common use of Liability of the Certificateholders Clause in Contracts

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 152 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2024-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2016-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2014-B Owner Trust)

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Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 51 contracts

Samples: Trust Agreement (Hercules Capital, Inc.), Trust Agreement (Hercules Technology Growth Capital Inc), Trust Agreement (MCG Capital Corp)

Liability of the Certificateholders. No Certificateholder (including the Depositor if the Depositor is a Certificateholder) shall have any personal liability for any liability or obligation of the TrustIssuer, solely by reason of it being a Certificateholder.

Appears in 39 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2017-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2018-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2019-B Owner Trust)

Liability of the Certificateholders. No Certificateholder (including the Depositor if the Depositor is a Certificateholder) shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 14 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2014-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2013-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2014-a Owner Trust)

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely Trust or by reason of it being a Certificateholderany action taken by the parties to this Agreement pursuant to any provisions of this Agreement or any Related Document.

Appears in 4 contracts

Samples: Trust Agreement (Conseco Finance Corp), Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp)

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a CertificateholderIssuing Entity. The Certificates shall be fully paid and nonassessable.

Appears in 3 contracts

Samples: Trust Agreement (NovaStar Certificates Financing CORP), Trust Agreement (NovaStar Mortgage Funding Trust, Series 2006-1), Trust Agreement (NovaStar Certificates Financing CORP)

Liability of the Certificateholders. (a) No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 3 contracts

Samples: Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc)

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Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Samples: Trust Agreement (Provident Lease Receivables Corp), Trust Agreement (Provident Lease Receivables Corp)

Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2007-A)

Liability of the Certificateholders. (a) No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely Trust or by reason of it being a Certificateholderany action taken by the parties to this Agreement pursuant to any provisions of this Agreement or any Related Document.

Appears in 1 contract

Samples: Trust Agreement (Green Tree Financial Corp)

Liability of the Certificateholders. No Except as provided in any Related Document, no Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 1 contract

Samples: Trust Agreement (GE Capital Credit Card Master Note Trust)

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