Common use of Payments from Collateral Clause in Contracts

Payments from Collateral. All payments to be made by the Owner Trustee under this Trust Agreement or any of the Basic Documents to which the Owner Trustee is a party shall be made only from the income and proceeds of the Collateral or from other amounts required to be provided by the Certificateholders and only to the extent that the Owner Trustee shall have received income or proceeds from the Collateral or the Certificateholders to make such payments in accordance with the terms hereof. Wilmington Trust Company, in its individual capacity, shall not be liable for any amounts payable under this Trust Agreement or any of the Basic Documents to which the Owner Trustee is a party.

Appears in 10 contracts

Samples: Trust Agreement (Renaissance Home Equity Loan Trust 2006-4), Trust Agreement (Renaissance Home Equity Loan Trust 2005-4, Home Equity Loan Asset-Backed Notes, Series 2005-4), Trust Agreement (Renaissance Home Equity Loan Trust 2007-1)

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