Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by Trustee pursuant to Section 5.1, each Certificate shall be deemed fully paid.
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Citizens Auto Receivables, LLC)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.16.1, each Certificate shall be deemed fully paid.
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (Bank One Auto Securitization LLC), Pooling and Servicing Agreement (Bank One Texas National Association), Pooling and Servicing Agreement (Mellon Auto Receivables Corp)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Issuing Entity or for any reason whatsoever, and, upon the authentication thereof by the Owner Trustee pursuant to Section 5.13.03, each Certificate 3.04 or 3.05, the Certificates are and shall be deemed fully paid.
Appears in 7 contracts
Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2007-A)
Certificates Nonassessable and Fully Paid. The Except as otherwise provided in a Supplement, the interests represented by the Certificates shall be nonassessable for any losses or expenses Loss of the Trust or for any reason whatsoever, whatsoever and, upon authentication thereof by Trustee pursuant to Section 5.1the Trustee, each Certificate shall be deemed fully paid.
Appears in 4 contracts
Samples: Trust Agreement (Ryder Truck Rental I Lp), Trust Agreement (Ryder Funding Ii Lp), Trust and Servicing Agreement (Nissan Auto Leasing LLC Ii)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Authenticating Agent, on behalf of the Trustee pursuant to Section 5.16.1, each Certificate shall be deemed fully paid.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-1), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-2), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 1999-1)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.116.2, each Certificate shall be deemed fully paid.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Usaa Federal Savings Bank), Pooling and Servicing Agreement (Usaa Federal Savings Bank), Pooling and Servicing Agreement (Usaa Federal Savings Bank)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.116.02, 16.03, 16.04, 16.08, 16.09 or 16.11, each Certificate of the related Certificates shall be deemed fully paid.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp), Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp), Pooling and Servicing Agreement (Fleetwood Credit Receivables Corp)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.16.01 and 6.02, each Certificate shall be deemed fully paid.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Acc Consumer Finance Corp), Pooling and Servicing Agreement (Eagle Finance Corp), Pooling and Servicing Agreement (Advanta Auto Finance Corp)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.19.2, each Certificate shall be deemed fully paid.
Appears in 3 contracts
Samples: Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by the Trustee pursuant to Section 5.16.2, each Certificate shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa National Association)
Certificates Nonassessable and Fully Paid. The ----------------------------------------- interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon authentication thereof by Trustee pursuant to Section 5.1the Trustee, each Certificate shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cs First Boston Mortgage Securities Corp /De/), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Issuer or for any reason whatsoever, and, upon the authentication thereof by the Owner Trustee pursuant to Section 5.13.03, each Certificate 3.04 or 3.05, the Certificates are and shall be deemed fully paid.
Appears in 1 contract
Samples: Trust Agreement (Caterpillar Financial Asset Trust 2005-A)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, and upon authentication thereof of a Certificate by the Trustee pursuant to Section 5.1or its Authenticating Agent, each such Certificate shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, and upon authentication thereof of a Certificate by the Trustee pursuant to Section 5.1or its Authenti- cating Agent, each such Certificate shall be deemed fully paid.
Appears in 1 contract
Certificates Nonassessable and Fully Paid. The Except as otherwise provided in this Agreement or in a Supplement, the interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any other reason whatsoever, and, upon authentication thereof by Trustee pursuant to Section 5.1the Trustee, each Certificate shall be deemed fully paid.
Appears in 1 contract
Samples: Trust Agreement (Seacastle Inc.)
