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

Trustee Not Liable for Recitals in Certificates. The ----------------------------------------------- Trustee assumes no responsibility for the correctness of the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.15, ------------- the Trustee makes no representations as to the validity or sufficiency of this Agreement or the Supplement or of the Certificates (other than the certificate of authentication on the Certificates) or of any Receivable or related document. The Trustee shall not be accountable for the use or application by Seller of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to Seller in respect of the Receivables or deposited in the Collection Account, any Principal Account, any Finance Charge Account, the Excess Funding Account or any other Series Account, or withdrawn from the Collection Account, by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Spiegel Inc)

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Trustee Not Liable for Recitals in Certificates. The Trustee ----------------------------------------------- Trustee assumes no responsibility for the correctness of the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.15, ------------- the Trustee makes no ------------- representations as to the validity or sufficiency of this Agreement or the Supplement or of the Certificates (other than the certificate certificates of authentication on the Certificates) or of any Receivable or related document. The Trustee shall not be accountable for the use or application by the Seller of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Seller in respect of the Receivables or deposited in the Collection Account, any Principal Account, any Finance Charge Account, the Excess Funding Account or any other Series Account, or withdrawn from the Collection Account, the Excess Funding Account, or any Series Account by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Trustee Not Liable for Recitals in Certificates. The ----------------------------------------------- Trustee assumes no responsibility for the correctness of the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.15, ------------- the Trustee makes no ------------- representations as to the validity or sufficiency of this Agreement or the Supplement or of the Certificates (other than the certificate of authentication on the Certificates) or of any Receivable or related document. The Trustee shall not be accountable for the use or application by Seller of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to Seller in respect of the Receivables or deposited in the Collection Account, any Principal Account, any Finance Charge Account, the Excess Funding Account or any other Series Account, or withdrawn from the Collection Account, by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Consumers Master Trust)

Trustee Not Liable for Recitals in Certificates. No --------------------------------------------------- Responsibility for Filings, Etc. (a) The ----------------------------------------------- Trustee assumes no responsibility for ------------------------------- the correctness of the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.1511.14 hereof, ------------- the Trustee makes no representations as to the validity or sufficiency of this Agreement or the Supplement or of the Certificates (other than the certificate of authentication on the Certificates) or of any Receivable or related documentdocument or any security interest of the Trust therein. The Trustee shall not be accountable for the use or application by Seller the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to Seller the Depositor in respect of the Receivables or deposited in the Collection Account, any Principal Account, any Finance Charge Account, the Excess Funding Account or any other Series Account, or withdrawn from the Collection Account or any Series Account, by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I)

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Trustee Not Liable for Recitals in Certificates. The ----------------------------------------------- Trustee assumes no responsibility for the correctness of the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.15, ------------- the Trustee makes no representations as to the validity or sufficiency of this Agreement or the Supplement or of the Certificates (other than the certificate of authentication on the Certificates) or of any Receivable 72 or related document. The Trustee shall not be accountable for the use or application by Seller of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to Seller in respect of the Receivables or deposited in the Collection Account, any Principal Account, any Finance Charge Account, the Excess Funding Account or any other Series Account, or withdrawn from the Collection Account, by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Consumers Master Trust)

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