Liability of the Depositor. The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically imposed by these Standard Terms and the related Supplement.
Liability of the Depositor. The Depositor shall be liable in accordance with this Agreement and the Second Step Receivables Assignment only to the extent of the obligations in this Agreement and the Second Step Receivables Assignment specifically undertaken by the Depositor.
Liability of the Depositor. The Depositor shall be liable in all respects for the obligations, covenants, representations and warranties of the Depositor arising under or related to this Trust Agreement. The Depositor shall be liable only to the extent of the obligations specifically undertaken by it in its capacity as Depositor.
Liability of the Depositor. 56 Section 6.02. Limitation on Liability of the Depositor.................................... 56 Section 6.03. Depositor May Purchase Certificates......................................... 57 Section 6.04. Merger or Consolidation of the Depositor.................................... 58
Liability of the Depositor. The Depositor shall be liable in accordance with the Trust Agreement only to the extent of the obligation specifically imposed thereby.
Liability of the Depositor. (a) Notwithstanding Section 3803 of the Business Trust Statute, the Depositor in its capacity as the holder of the interests described in Section 3.11 shall be liable directly to, and will indemnify each injured party for, all losses, claims, damages, liabilities and expenses of the Trust (including Expenses, to the extent that the assets of the Trust that would remain if all of the Notes were paid in full would be insufficient to pay any such losses, claims, damages, liabilities or expenses, or to the extent that such losses, claims, damages, liabilities and expenses in fact are not paid out of the Owner Trust Estate) that the Depositor would be liable for if the Trust were a partnership under the Limited Partnership Act in which the Depositor were a general partner; provided, however, that the Depositor shall not be liable to or indemnify Noteholders or Note Owners for any losses incurred by Noteholders or Note Owners in their capacity as holders of or beneficial owners of interests in limited recourse debt secured by the Owner Trust Estate or be liable to or indemnify Certificateholders for any losses incurred by the Certificateholders if such losses would nevertheless have been incurred if the Certificates were limited recourse debt secured by the Owner Trust Estate. In addition, any third-party creditors of the Trust, or the arrangement between the Depositor and the Trust (other than in connection with the obligations described in the preceding sentence for which the Depositor shall not be liable), shall be deemed third-party beneficiaries of this paragraph.
Liability of the Depositor. 65 Section 9.2 Limitations on Liability of the Depositor, Claymore Securities, Inc. and MACRO Financial, LLC............. 66 Section 9.3
Liability of the Depositor. The Depositor shall be liable directly to indemnify each injured party for all losses, claims, damages, liabilities and expenses of the Trust, to the extent not paid out of the Trust Property, to the extent provided in, and subject to the terms and conditions contained in, the Spread Account Agreement; PROVIDED, FURTHER, that the Depositor shall not be liable to indemnify any injured party if such party has agreed that its recourse against the Trust for any obligation or liability of the Trust to such party shall be limited to the assets of the Trust. In addition, any third party creditors of the Trust (other than in connection with the obligations described in the provisos to the preceding sentence for which the Depositor shall not be liable) shall be deemed third party beneficiaries of this paragraph.
Liability of the Depositor. 35 SECTION 6.02. Limitation on Liability of the Depositor......................35 SECTION 6.03. Depositor May Purchase Units..................................35 SECTION 6.04. Preparation and Filing of Exchange Act Reports; Obligations of the Depositor..................................35 SECTION 6.05. Preferential Collection of Claims Against Depositor...........36
Liability of the Depositor. The Depositor, as borrower with respect to the Junior Subordinated Debt Securities, shall be liable for all the debts and obligations of the Trust (other than with respect to payments of principal, interest, or premium, if any, on the Trust Securities) to the extent not satisfied out of the Trust's assets.
