Common use of Not Acting in Individual Capacity Clause in Contracts

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their individual capacities, and all Persons having any claim against the Co-Trustees by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 18 contracts

Samples: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two LLC)

AutoNDA by SimpleDocs

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, created The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 17 contracts

Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Equipment Trust 2005-A), Trust Agreement (CNH Equipment Trust 2006-A)

Not Acting in Individual Capacity. Except as provided in this Article VIISection 7.3, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacitiescapacity, and all Persons having any claim against the Co-Trustees Owner Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 16 contracts

Samples: Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (Carmax Auto Owner Trust 2005-3), Trust Agreement (CarMax Auto Owner Trust 2007-2)

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder hereunder, and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder hereunder, and not in their individual capacities, and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 7 contracts

Samples: Trust Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2002 4), Trust Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2003 2), Trust Agreement (HSBC Home Equity Loan Trust 2005-2)

Not Acting in Individual Capacity. Except as otherwise expressly provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacitiescapacity, and all Persons having any claim against the Co-Trustees Owner Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate Assets for payment or satisfaction thereof.

Appears in 5 contracts

Samples: Trust Agreement (NCT Funding Co LLC), Trust Agreement (Cit Equipment Collateral 2003-Vt1), Trust Agreement (Cit Equipment Collateral 2004-Vt1)

Not Acting in Individual Capacity. Except as provided in this Article VIIArticle, in accepting the trusts duties hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacitiescapacity and, and subject to Section 6.04(c) hereof, all Persons having any claim against the Co-Trustees Delaware Trustee by reason of the transactions contemplated by this Trust Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 3 contracts

Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (Higher Education Funding I), Trust Agreement (Higher Education Funding I)

Not Acting in Individual Capacity. Except as otherwise provided in this Article VIIArticle, in accepting the trusts hereby created, each of The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts ), acting solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their its individual capacitiescapacity, and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 3 contracts

Samples: Trust Agreement (Honda Auto Receivables 2007-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2005-6 Owner Trust), Trust Agreement (Honda Auto Receivables 2005-2 Owner Trust)

Not Acting in Individual Capacity. Except as otherwise expressly provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts ), respectively, act solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their individual capacitiescapacity, and all Persons having any claim against the Co-Trustees Owner Trustee and/or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate Assets for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (CIT Equipment Collateral 2005-Ef1), Trust Agreement (Cit Funding Co, LLC)

Not Acting in Individual Capacity. Except as provided in this Article VIIVII and in Article XII, in accepting the trusts hereby created, The Bank of New York (Delaware) acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Owner Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2007-A)

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, created The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Owner Trustee by reason of the transactions contemplated by this Agreement or any other Basic Related Document shall look only to the Owner Trust Estate Assets for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement (Antigua Funding Corp), Trust Agreement (Capita Equipment Receivables Trust 1996-1)

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, created each of The Bank of New York acts solely as Owner Trustee hereunder Trust Company, N.A. and The Bank of New York (Delaware) acts ), acting solely as Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement (SLM Private Credit Student Loan Trust 2007-A)

Not Acting in Individual Capacity. Except as provided --------------------------------- in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts act solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their individual capacities, and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by 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 (World Omni Auto Receivables LLC)

AutoNDA by SimpleDocs

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, created The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Owner Trustee by reason of the transactions contemplated by 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 (Barnett Auto Receivables Corp)

Not Acting in Individual Capacity. Except as otherwise provided in this Article VIIArticle, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts ), act solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their its individual capacitiescapacity, and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by 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 (Honda Auto Receivables 2003-1 Owner Trust)

Not Acting in Individual Capacity. Except as --------------------------------- provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts act solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their individual capacities, and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by 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 (World Omni Auto Receivables LLC)

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby created, The Bank of New York acts solely as Owner Trustee hereunder hereunder, and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder hereunder, and not in their individual capacities, capacities and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Household Mortgage Loan Trust 2004-Hc1)

Not Acting in Individual Capacity. Except as expressly provided in this Article VIIVI, in accepting the trusts hereby created, created The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their individual capacities, and all Persons having any claim against the Co-Trustees by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall may look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Floorplan LLC)

Not Acting in Individual Capacity. Except as provided in this Article ARTICLE VII, in accepting the trusts hereby created, created The Bank of New York acts solely as Owner Trustee hereunder and The Bank of New York (Delaware) acts solely as Delaware Trustee hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Trustee by reason of the transactions contemplated by 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 (CNH Capital Receivables Inc)

Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby createdcontinued, each of The Bank of New York acts solely as Owner Trustee hereunder Trust Company, N.A. and The Bank of New York (Delaware) ), acts solely as Owner Trustee and Delaware Trustee Trustee, respectively, hereunder and not in their its individual capacities, capacity and all Persons having any claim against the Co-Trustees Owner Trustee or the Delaware Trustee by reason of the transactions contemplated by this Agreement or any other Basic Transaction Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.

Appears in 1 contract

Samples: Trust Agreement (Chase Education Loan Trust 2007-A)

Time is Money Join Law Insider Premium to draft better contracts faster.