Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations under the Delaware General Corporation Law.
Appears in 55 contracts
Samples: Trust Agreement (CNH Equipment Trust 2022-B), Trust Agreement (CNH Equipment Trust 2011-C), Trust Agreement (CNH Equipment Trust 2023-B)
Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of on personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation Law.
Appears in 11 contracts
Samples: Trust Agreement (Collegiate Funding Services Education Loan Trust 2005-A), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A), Trust Agreement (College Loan LLC)
Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust, except as provided in Article VIII hereof. The Certificateholders shall be entitled to the same limitation of on personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation Law.
Appears in 10 contracts
Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Consolidation Loan Funding Ii, LLC), Trust Agreement (Higher Education Funding I)
Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust. The Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation LawLaw of the State of Delaware.
Appears in 1 contract
