Common use of PAYMENTS FROM TITLING TRUST ASSETS ONLY Clause in Contracts

PAYMENTS FROM TITLING TRUST ASSETS ONLY. All payments, if any, to be made by the Titling Trustee or the Servicer under this Agreement or any other documents relating to a Securitized Financing, other than (i) indemnities of the Servicer pursuant to Section 4.02, (ii) payment of the Titling Trustee's fees and expenses by the Servicer pursuant to Section 6.13 or (iii) amounts owing by the Titling Trustee arising from its willful misfeasance, bad faith or negligence, shall be made only from any then available collections and proceeds in respect of the Titling Trust Assets or the SUBI Assets of the related Sub-Trust, as appropriate, and only to the extent that the Titling Trustee or the Servicer shall have received such collections and proceeds in respect thereof to make such payments in accordance with the terms hereof. This Section is not intended to override the waivers of limited liability by the Beneficiaries made in Section 3.02.

PAYMENTS FROM TITLING TRUST ASSETS ONLY. All payments, if any, to be made by the Titling Trustee or the Servicer under this Agreement or any other documents relating to a Securitized Financing, other than (i) indemnities of the Servicer pursuant to Section 4.02, (ii) payment of the Titling Trustee's ’s fees and expenses by the Servicer pursuant to Section 6.13 or (iii) amounts owing by the Titling Trustee arising from its willful misfeasance, bad faith or negligence, shall be made only from any then available collections and proceeds in respect of the Titling Trust Assets or the SUBI Assets of the related Sub-Trust, as appropriate, and only to the extent that the Titling Trustee or the Servicer shall have received such collections and proceeds in respect thereof to make such payments in accordance with the terms hereof. This Section is not intended to override the waivers of limited liability by the Beneficiaries made in Section 3.02.