Common use of Trustee Not Liable for Certificates or Contracts Clause in Contracts

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Servicer.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp), Pooling and Servicing Agreement (Greenpoint Credit Man Housing Cont Tr Pas THR Cert Ser 01 1), Pooling and Servicing Agreement (Greenpoint Financial Corp)

AutoNDA by SimpleDocs

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller Sellers or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller Sellers or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller Sellers or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Contract Sellers or the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bank of America FSB/Ca), Pooling and Servicing Agreement (Bank of America National Trust & Saving Association)

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Contract Seller or the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bank of America National Trust & Saving Association), Pooling and Servicing Agreement (Bank of America FSB/Ca)

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account Accounts by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp)

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication signature of the Trustee on the Certificates, the acknowledgments of the Trustee contained in Article II and the representations and warranties of the Trustee in Section 11.14) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, Depositor and the Trustee assumes no does not assume any responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, Agreement (other than as specifically set forth in Section 11.14) or of the Certificates (except that other than the Certificates shall be duly and validly authenticated by itsignature of the Trustee on the Certificates) or of any Contract or related documentdocument or any information provided by the Servicer. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller Depositor or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Origen Manufactured Housng CNT Sen/Sub as-BCK CRT Sr 2002-A)

AutoNDA by SimpleDocs

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the certificate of authentication of the Certificates) shall be taken as the statements of the Contract Depositor, the Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, the Certifi- cates (other than the certificatx xx authentication of the Certificates (except that Certificates), the Certificates shall be duly Sale and validly authenticated by it) Purchase Agreement or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Depositor, the Seller or the Servicer of any of the Certificates or of the proceeds of such Certificatesthereof, or for the use or application of any funds paid to the Contract Depositor, the Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the Certificate Account by the Depositor, or the Certificate Account or Collection Account by the Seller or the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc)

Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates (other than the authentication of the Certificates) shall be taken as the statements of the Contract Seller or the Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates (except that the Certificates shall be duly and validly authenticated by it) or of any Contract or related document. The Trustee shall not be accountable for the use or application by the Contract Seller or the Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Contract Seller or the Servicer in respect of the Contracts or deposited in or withdrawn from the applicable Certificate Account by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit Corp)

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