Liability of the Excess Distribution Certificateholder. No Excess Distribution Certificateholder (in such capacity) shall have any personal liability for any liability or obligation of the Trust.
Appears in 81 contracts
Samples: Trust Agreement (Navient Student Loan Trust 2015-3), Trust Agreement (Navient Student Loan Trust 2015-2), Trust Agreement (Navient Student Loan Trust 2015-1)
Liability of the Excess Distribution Certificateholder. No Excess Distribution Certificateholder (in such capacity) [or RC Certificateholder (in such capacity)] shall have any personal liability for any liability or obligation of the Trust.
Appears in 1 contract