Common use of No liability for insufficient moneys Clause in Contracts

No liability for insufficient moneys. If insufficient moneys are raised on a proposed Note Issue Date to satisfy clause 6.7(b), neither the Trustee nor the Manager shall have any obligation or liability to any person (including each other, any intending Noteholder or any Beneficiary) to issue the Notes or, in the case of a proposed issue in relation to a Trust, to hold the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction for the Trust, or otherwise.

No liability for insufficient moneys. If insufficient moneys are raised on a proposed Note Issue Date to satisfy clause 6.7(b13.8(b), neither the Trustee nor the Trust Manager shall have any obligation or liability to any person (including including, without limitation, each other, any intending Noteholder or any Beneficiary) to issue the Notes or, in the case of a proposed issue in relation to a Trust, to hold the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction for the Trust, or otherwise.