Non-recourse Obligations. Notwithstanding anything in this Agreement or any Transaction Document, the Owner Trustee agrees that all obligations of the Issuer individually or as Owner Trustee for the Issuer shall be recourse to the Trust Estate only, shall be paid in accordance with the priorities set forth in Section 4.4 of the Sale and Servicing Agreement and Section 5.4 of the Indenture and specifically shall not be recourse to the assets of any Holder.
Appears in 5 contracts
Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2007-3), Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Santander Drive Auto Receivables Trust 2007-2)
