Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Financial Asset Securities Corp)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the TrustTrust Fund, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Fund or for any reason whatsoever, and that the Certificates upon execution, authentication countersignature and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 2.04 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Beneficial Mortgage Services Inc), Pooling and Servicing Agreement (Beneficial Mortgage Services Inc)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 Sections 2.1 and 6.2 are and shall be deemed ------------ --- fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Consumers Master Trust), Pooling and Servicing Agreement (First Consumers Master Trust)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Indymac Abs Inc)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Norwest Asset Acceptance Corp), Pooling and Servicing Agreement (Provident Bank)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders (and the Certificate Owners) shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Investor Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 6.2 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Servicing Agreement (Fnanb Credit Card Master Trust), Master Pooling and Servicing Agreement (Circuit City Credit Card Master Trust)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 9.01 and 9.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Origen Manufactured Housng CNT Sen/Sub as-BCK CRT Sr 2002-A), Pooling and Servicing Agreement (Origen Residential Securities, Inc.)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the TrustTrust Fund, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Fund or for any reason whatsoever, and that the Certificates upon execution, authentication countersignature and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 6.01 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc), Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders Holders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, whatsoever and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 6.2 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp), Pooling and Servicing Agreement (World Financial Network National Bank)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, whatsoever and that the Investor Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P), Pooling and Servicing Agreement (Ford Credit Auto Receivables LLC)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee Trust Administrator pursuant to Section 2.07 or 6.02 5.01 and 5.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1), Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 Sections 2.7 and 6.2 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (JCP Receivables Inc)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable non assessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 5.01 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (United Panam Financial Corp)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or Sections 2.09 and 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Firestone Retail Credit Corp)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders (and the Certificate Owners) shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoeverwhatso- ever, and that the Investor Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 6.2 are and shall be deemed fully paid.. Section 13.9
Appears in 1 contract
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.01 and 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Fleet Home Equity Loan Corp)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 2.08 or 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Certificates Nonassessable and Fully Paid. The ----------------------------------------- parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 8.02 are ------------ and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chevy Chase Bank FSB)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, execution by the Trustee on behalf of the Trust and the authentication and delivery thereof by the Trustee pursuant to Section 2.07 2.08 or 6.02 6.01 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HFC Revolving Corp)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Certificates shall be nonassessable for any -91- 97 losses or expenses of the Trust or for any reason whatsoever, whatsoever and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Asset Backed Securities Corp
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 Sections 2.1 and 6.2 are and shall be deemed fully paid.. ------------ ---
Appears in 1 contract
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.01 and 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Home Eq Ln as Bk Cer Ser 1999-2)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid. Section 11.09.
Appears in 1 contract
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 8.02 are and shall be ------------ deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chevy Chase Bank FSB)
Certificates Nonassessable and Fully Paid. The parties ----------------------------------------- agree that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, execution by the Trustee on behalf of the Trust and the authentication and delivery thereof by the Trustee pursuant to Section 2.07 [Sections 2.08 or 6.02 6.01] are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HFC Revolving Corp)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust 108 represented by the Investor Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, whatsoever and that the Investor Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Certificates shall be nonassessable non-assessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or Sections 2.01 and 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or Sections 2.09 and 6.02 of the Agreement are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Chicago Master Trust Ii)
Certificates Nonassessable and Fully Paid. The It is the intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders Holders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests in the Trust represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, whatsoever and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Zenith Electronics Corp)
Certificates Nonassessable and Fully Paid. The It is the ----------------------------------------- intention of the parties ----------------------------------------- agree to this Agreement that the Investor Certificateholders shall not be personally liable for obligations of the Trust, that the beneficial ownership interests Undivided Interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Trustee pursuant to Section 2.07 or 6.02 Sections 2.1 and 6.2 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Spiegel Credit Corp Iii)
