Common use of Not Acting in Individual Capacity Clause in Contracts

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 70 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (NYMT Securities CORP)

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Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created the Owner created, each Trustee acts solely as trustee a Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner a Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 36 contracts

Samples: Trust Agreement (Santander Drive Auto Receivables Trust 2024-2), Trust Agreement (Volkswagen Auto Lease Trust 2012-A), Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee the Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 34 contracts

Samples: Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1), Trust Agreement (Vw Credit Leasing LTD)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, [ ] acts solely as the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 24 contracts

Samples: Trust Agreement (Citizens Auto Receivables, LLC), Trust Agreement (Santander Drive Auto Receivables LLC), Trust Agreement (Huntington Funding, LLC)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee ______________________ acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Trust Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 19 contracts

Samples: Trust Agreement (Credit Suisse First Boston Mortgage Securities Corp), Trust Agreement (Shellpoint Mortgage Acceptance LLC), Trust Agreement (Ab Mortgage Securities Corp)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIVII, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or the Operative Agreements Basic Documents shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 19 contracts

Samples: Trust Agreement (SLC Student Loan Receivables I Inc), Trust Agreement (SLC Student Loan Trust 2008-1), Trust Agreement (SLC Student Loan Trust 2007-2)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts trust hereby created the Owner Trustee Bank acts solely as trustee Owner Trustee hereunder and not in its individual capacity, ; and all persons Persons having any claim against the Trust or the Owner Trustee Trustee, whether by reason of the transactions contemplated by the Operative Agreements shall this Agreement or otherwise, will look only to the Trust Estate (or a part thereof, as the case may be) for payment or satisfaction thereof, except as specifically provided in this Article VI.

Appears in 14 contracts

Samples: Trust Agreement (WF Card Funding LLC), Trust Agreement, Trust Agreement (BA Master Credit Card Trust II)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIIX, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or the Operative Trust Related Agreements shall look only to the Trust Estate Property for payment or satisfaction thereof.

Appears in 12 contracts

Samples: Trust Agreement, Alternative Servicing Agreement, Trust Agreement (National Collegiate Student Loan Trust 2005-3)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts trust hereby created the [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 12 contracts

Samples: Trust Agreement (AFS SenSub Corp.), Trust Agreement (AFS SenSub Corp.), Trust Agreement (Afs Sensub Corp.)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created the Owner Trustee acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 12 contracts

Samples: Trust Agreement (HSBC Automotive Trust (USA) 2006-1), Trust Agreement (HSBC Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust (USA) 2007-1)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements shall look only to the Trust Estate Fund for payment or satisfaction thereof.

Appears in 10 contracts

Samples: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (FBR Securitization Trust 2005-3), Owner Trust Agreement (FBR Securitization, Inc.)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIIX, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or the Operative Trust Related Agreements shall look only to the Trust Estate Property for payment or satisfaction thereof.

Appears in 9 contracts

Samples: Trust Agreement (National Collegiate Student Loan Trust 2005-2), Trust Agreement (National Collegiate Student Loan Trust 2004-1), Authority And (National Collegiate Trust 1996-S2)

Not Acting in Individual Capacity. Except as provided stated in this Article VI, in accepting the trusts hereby created the Owner Trustee by this Agreement, acts solely as trustee hereunder Owner Trustee under this Agreement and not in its individual capacity, and all persons having any . Any Person with a claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements shall related to a Transaction Document will look only to the Trust Estate Property for payment or satisfaction thereofof that claim.

Appears in 7 contracts

Samples: Trust Agreement (CAB East LLC), Trust Agreement (Ford Credit Auto Receivables Two LLC), Trust Agreement (Ford Credit Auto Receivables Two LLC)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee a Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 6 contracts

Samples: Trust Agreement (Volkswagen Auto Lease Trust 2015-A), Trust Agreement (Vw Credit Leasing LTD), Trust Agreement (Vw Credit Leasing LTD)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created the created, [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 5 contracts

Samples: Trust Agreement (Lehman Abs Corp), Trust Agreement (Terwin Securitization LLC), Trust Agreement (Bond Securitization LLC)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created trust hereunder the Owner Trustee Bank acts solely as trustee Owner Trustee hereunder and not in its individual capacity, ; and all persons Persons having any claim against the Trust or the Owner Trustee Trustee, whether by reason of the transactions contemplated by the Operative Agreements shall this Agreement or otherwise, will look only to the Trust Estate (or a part thereof, as the case may be) for payment or satisfaction thereof, except as specifically provided in this Article VI.

Appears in 5 contracts

Samples: Trust Agreement, Trust Agreement (Capital One Funding, LLC), Discover Card Execution Note Trust (Discover Card Master Trust I)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Related Document shall look only to the Trust Estate Property for payment or satisfaction thereof.

Appears in 5 contracts

Samples: Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Paragon Auto Receivables Corp)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements Transaction Documents shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 5 contracts

Samples: Trust Agreement (Indymac MBS Inc), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements Documents shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 4 contracts

Samples: Trust Agreement (Aegis Asset Backed Securities Trust 2005-2), Trust Agreement (Aegis Asset Backed Securities Trust 2005-3), Trust Agreement (Aegis Asset Backed Securities Corp)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Bond Agreements shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 4 contracts

Samples: Deposit Trust Agreement (American Residential Eagle Inc), Deposit Trust Agreement (Sequoia Mortgage Funding Corp), Deposit Trust Agreement (American Residential Eagle Inc)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts trust hereby created the [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Holding Trust Estate for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (Efcar, LLC), Trust Agreement (Efcar, LLC)

Not Acting in Individual Capacity. Except as expressly provided in this Article VI, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee hereunder and not in its the Bank's individual capacity, and all persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Note Agreements shall look only to the Trust Estate Property for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (Mid State Trust Vi), Trust Agreement (Mid-State Homes Inc)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts trust hereby created the Owner Trustee Bank acts solely as trustee Owner Trustee hereunder and not in its individual capacity, ; and all persons Persons having any claim against the Trust or the Owner Trustee Trustee, whether by reason of the transactions contemplated by the Operative Agreements this Agreement or otherwise, shall look only to the Trust Estate (or a part thereof, as the case may be) for payment or satisfaction thereof, except as specifically provided in this Article VI.

Appears in 2 contracts

Samples: Trust Agreement (CNH Wholesale Receivables Inc), Trust Agreement (CNH Wholesale Receivables Inc)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee [owner trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (Metlife Capital Equipment Loan Trusts), Trust Agreement (Metlife Capital Equipment Loan Trusts)

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Not Acting in Individual Capacity. Except as provided stated in this Article VI, in accepting the trusts hereby created the Owner Trustee by this Agreement [______] acts solely as trustee hereunder Owner Trustee under this Agreement and not in its individual capacity, and all persons having any . Any Person with a claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements shall related to a Transaction Document will look only to the Trust Estate Property for payment or satisfaction thereofof that claim.

Appears in 2 contracts

Samples: Trust Agreement (Verizon ABS LLC), Trust Agreement (Verizon ABS LLC)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIVII, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or the Operative Agreements Basic Documents shall look only to the Trust Estate Property for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Amended and Restated Trust Agreement (SLC Student Loan Receivables I Inc), Trust Agreement (Pheaa Student Loan Foundation Inc)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created created, [ ] acts solely as the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Chase Credit Card Master Trust)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts trustee hereby created the Owner Trustee __________ acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the this Agreement or any Operative Agreements Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Imc Securities Inc)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee a Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Vw Credit Leasing LTD)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee created, [ ] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Trust Agreement or any other Basic Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Phoenix Residential Securities, LLC)

Not Acting in Individual Capacity. Except as provided stated in this Article VI, in accepting the trusts hereby created the Owner Trustee by this Agreement, [___] acts solely as trustee hereunder Owner Trustee under this Agreement and not in its individual capacity, and all persons having any . Any Person with a claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements shall related to a Transaction Document or other Series Related Document will look only to the Trust Estate Property for payment or satisfaction thereofof that claim.

Appears in 1 contract

Samples: Trust Agreement (Verizon Master Trust)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the Owner Trustee created, [OWNER TRUSTEE] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Usaa Acceptance LLC)

Not Acting in Individual Capacity. Except as expressly provided in this Article VI, in accepting the trusts hereby created the created, [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Fnanb Credit Card Master Trust)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Efcar, LLC)

Not Acting in Individual Capacity. Except as provided in this Article VI, in accepting the trusts hereby created the created, [Owner Trustee Trustee] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Funding Inc)

Not Acting in Individual Capacity. Except as expressly provided in this Article ARTICLE VI, in accepting the trusts hereby created the Owner Trustee created, [ ] acts solely as trustee Owner Trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (World Financial Network Credit Card Master Trust)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIVII, in accepting the trusts hereby created the Owner Trustee acts solely as trustee hereunder and not in its individual capacity, and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Trust Agreement or the Operative Agreements Basic Documents shall look only to the Trust Estate Assets for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Copelco Capital Funding Corp Xi)

Not Acting in Individual Capacity. Except as provided in this Article VIVII, in accepting the trusts hereby created created, the Owner Trustee acts solely as trustee the Owner Trustee hereunder and not in its individual capacity, capacity and all persons Persons having any claim against the Owner Trustee by reason of the transactions contemplated by the Operative Agreements this Agreement or any Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof.thereof.‌

Appears in 1 contract

Samples: Trust Agreement

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