Receipt of Pass Through Trustee Shall Discharge Purchaser. The receipt of the Pass Through Trustee or of the officer making such sale shall be a sufficient discharge to any purchaser for his purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or non-application thereof.
Appears in 4 contracts
Samples: Through Trust Agreement (Union Tank Car Co), Union Tank Car Co, Union Tank Car Co
Receipt of Pass Through Trustee Shall Discharge Purchaser. The --------------------------------------------------------- receipt of the Pass Through Trustee or the Paying Agent or of the officer making such sale shall be a sufficient discharge to any purchaser for his purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its his personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or non-application nonapplication thereof.
Appears in 1 contract
Samples: Trust Agreement (Transtel S A)
Receipt of Pass Through Trustee Shall Discharge Purchaser. The receipt of the Pass Through Trustee or of the officer making such sale shall be a sufficient discharge to any purchaser for its, his or her purchase money, and, after paying such purchase money and receiving such receipt, such purchaser or its its, his or her personal representative or assigns shall not be obliged to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or non-application thereof.
Appears in 1 contract
Samples: Federal Express Corp
