Common use of Owner Trustee and Delaware Trustee Clause in Contracts

Owner Trustee and Delaware Trustee. Not Liable for Trust Certificates or Receivables. The recitals contained herein and in the Trust Certificates (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates) shall be taken as the statements of the Depositor, and the Owner Trustee and the Delaware Trustee assume no responsibility for the correctness thereof. The Owner Trustee and the Delaware Trustee make no representations as to the validity or sufficiency of this Agreement, any other Basic Document or the Trust Certificates (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates and the representations and warranties in Section 7.03) or the Notes, or of any Receivable or related documents. The Owner Trustee and the Delaware Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable, or the perfection and priority of any security interest created by any Receivable in any Financed Vehicle or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Agreement or the Noteholders under the Indenture, including, without limitation, the existence, condition and ownership of any Financed Vehicle; the existence and enforceability of any insurance thereon; the existence and contents of any Receivable on any computer or other record thereof; the validity of the assignment of any Receivable to the Issuer or of any intervening assignment; the completeness of any Receivable; the performance or enforcement of any Receivable; the compliance by the Depositor or the Servicer with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Administrator, the Indenture Trustee or the Servicer or any subservicer taken in the name of the Owner Trustee.

Owner Trustee and Delaware Trustee. Not Liable for Trust Certificates Notes, Equity Certificate or ReceivablesContracts. The recitals contained herein and in the Trust Certificates Equity Certificate (other than the signature of the Owner Trustee and the certificate of authentication on on, the Trust CertificatesEquity Certificate) shall be taken as the statements of the Depositor, and the Owner Trustee and the Delaware Trustee assume no responsibility for the correctness thereof. The Owner Trustee and the Delaware Trustee make no representations as to the validity or sufficiency of this Agreement, any other Basic Transaction Document or the Trust Certificates Equity Certificate (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates and the representations and warranties in Section 7.03) or the NotesEquity Certificates), or of any Receivable Contract or related documentsdocuments or assets. The Owner Trustee and the Delaware Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity and enforceability of any ReceivableContract, or the perfection and priority of any security interest created by any Receivable Contract in any Financed Vehicle related Equipment or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Owner Trust Estate Assets or its the ability of such Trust Assets to generate the payments to be distributed to Certificateholders the Equity Certificateholder under this Agreement or the Noteholders under the Indenture, including, without limitation, the existence, condition and ownership of any Financed VehicleEquipment; the existence and enforceability of any insurance thereon; the existence and contents of any Receivable on Contract or any computer or other record thereof; the validity of the assignment of any Receivable Contract to the Issuer Trust or of any intervening assignment; the completeness of any ReceivableContract; the performance or enforcement of any ReceivableContract; the compliance by the Depositor Depositor, CFUSA, the Financing Originator or the Servicer with any warranty or representation made under any Basic Transaction Document or in any related document or the accuracy of any such warranty or representation, ; or any action of the Administrator, the Indenture Trustee or the Servicer or any subservicer taken in the name of the Owner TrusteeTrustee or the Trust.

Owner Trustee and Delaware Trustee. Not Liable for ------------------------------------------------- Trust Certificates or Receivables. The recitals contained herein and in the Trust Certificates (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates) shall be taken as the statements of the Depositor, and the Owner Trustee and or the Delaware Trustee assume no responsibility for the correctness thereof. The Owner Trustee and the Delaware Trustee Trustee, as --------------------------------- applicable, make no representations as to the validity or sufficiency of this Agreement, of any other Basic Document or of the Trust Certificates (other than the signature and countersignature of the Owner Trustee and the certificate of authentication on the Trust Certificates and the representations and warranties in Section 7.03Certificates) or the Notes, or of any Receivable or related documents. The Neither the Owner Trustee and nor the Delaware Trustee shall at no any time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Receivable, or the perfection and priority of any security interest created by any Receivable in any Financed Vehicle or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Certificateholders under this Agreement or the Noteholders under the Indenture, including, without limitation, : the existence, condition and ownership of any Financed Vehicle; the existence and enforceability of any insurance thereon; the existence and contents of any Receivable on any computer or other record thereof; the validity of the assignment of any Receivable to the Issuer Trust or of any intervening assignment; the completeness of any Receivable; the performance or enforcement of any Receivable; the compliance by the Depositor or the Servicer with any warranty or representation made under any Basic Document or in any related document or the accuracy of any such warranty or representation, or any action of the Administrator, the Indenture Trustee or the Servicer or any subservicer taken in the name of the Owner Trustee.