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

Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Trust or of the Certificates (other than its execution thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Trust Depositor of funds paid to the Trust Depositor in consideration of conveyance of the Contracts to the Trust by the Trust Depositor or deposited in or withdrawn from the Collection Account by the Servicer.

Appears in 4 contracts

Samples: Agreement (Eaglemark Inc), Pooling and Servicing Agreement (Eaglemark Inc), Pooling and Servicing Agreement (Eaglemark Inc)

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Trustee Not Liable for Certificates or Contracts. The recitals contained herein and in the Certificates shall not be taken as the statements of the Trustee, and the Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof)their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Trust Agreement or of the Certificates (other than its execution thereof) or of any Contract, Contract File or related documentdocument other than with respect to the Trustee's execution and authentication of the Certificates. The Trustee shall not be accountable for the use or application by the Servicer Depositor or the Trust Depositor Servicer of any funds paid to the Trust Depositor or the Servicer in consideration of conveyance respect of the Contracts to the Trust by the Trust Depositor or deposited in or withdrawn from the Collection Account by the Depositor or the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Abs Trust 2002-Mh3), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Trust Agreement or of the Certificates (other than its execution thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Trust Depositor Company of funds paid to the Trust Depositor Company in consideration of conveyance of the Contracts to the Trust by the Trust Depositor Company or deposited in or withdrawn from the Collection Certificate Account by the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

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Trustee Not Liable for Certificates or Contracts. The Trustee assumes no responsibility for the correctness of the recitals contained herein or in the Certificates (other than the Trustee's execution and authentication thereof). The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Trust Issuer or of the Certificates (other than its execution and authentication thereof) or of any Contract, Contract File or related document. The Trustee shall not be accountable for the use or application by the Servicer or the Trust Depositor Seller of funds paid to the Trust Depositor Seller in consideration of conveyance of the Contracts to the Trust by the Trust Depositor or deposited in or withdrawn from the Collection Account by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dealer Auto Receivables Corp)

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