N-1 Clause Samples
The N-1 clause is a contractual provision that limits a party’s liability for damages to a single event, even if multiple claims arise from the same incident. In practice, this means that if several losses or failures occur due to one underlying cause, the responsible party is only liable for the consequences as if it were a single claim, not for each individual occurrence. This clause is commonly used in technology and service agreements to prevent excessive cumulative liability and to provide predictability in risk exposure for both parties.
N-1. Exhibit O-1: Form of Certification To Be Provided By The Depositor With Form 10-K.......................O-1 Exhibit O-2: Form of Trustee's Officer's Certificate....................................................O-2 Exhibit P: [Reserved].................................................................................P-1 Exhibit Q: Reporting Responsibility...................................................................Q-1 Exhibit R: Form of Performance Certification (Trustee)................................................R-1 Exhibit S: Form of Servicing Criteria To Be Addressed in Assessment of Compliance Statement................................................................S-1 Exhibit T: List of Item 1119 Parties..................................................................T-1 Exhibit U: Form of Sarbanes-Oxley Certification (Replacement of Servicer).............................U-1 THIS POOLING AND SERVICING AGREEMENT, dated as of April 1, 2007, among INDYMAC MBS, INC., a Delaware corporation, as depositor (the "Depositor"), IndyMac Bank, F.S.B. ("IndyMac"), a federal savings bank, as seller (in that capacity, the "Seller") and as servicer (in that capacity, the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"),
N-1. OPERATING AGREEMENT ------------------- OF DOMINION VENTURE GROUP L.L.C. This Operating Agreement dated as of August 27, 1998 (the "Agreement") between ▇▇▇▇▇▇▇ SERVICES L.L.C., an Oklahoma limited liability company ("▇▇▇▇▇▇▇") and RSVP-DOMINION LLC, a Delaware limited liability company ("RSVP"). ▇▇▇▇▇▇▇ and RSVP are sometimes referred to herein individually as a "Member" and collectively as the "Members." PRELIMINARY STATEMENT
N-1. Schedule 1.1
N-1. THIS POOLING AND SERVICING AGREEMENT, dated as of _________ 1, 1999, among FIRST HORIZON ASSET SECURITIES INC., a Delaware corporation, as depositor (the "Depositor"), FT MORTGAGE COMPANIES, a Kansas corporation, as seller (in such capacity, the "Seller") and as master servicer (in such capacity, the "Master Servicer"), and _____________________, a banking corporation organized under the laws of the State of _________, as trustee (the "Trustee").