Common use of Liability of the Trustee Clause in Contracts

Liability of the Trustee. The Trustee is entering into the Basic Documents to which it is a party solely as Trustee, hereunder and thereunder, and not in its individual capacity, and all persons having any claim against the Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Trust Fund for payment or satisfaction thereof.

Appears in 26 contracts

Samples: Mortgage Loan Purchase Agreement (NovaStar Mortgage Funding Trust, Series 2005-2), Mortgage Loan Purchase Agreement (NovaStar Mortgage Funding Trust, Series 2005-1), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp)

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Liability of the Trustee. The Trustee is entering into the ------------------------ Basic Documents to which it is a party solely as Trustee, hereunder and thereunder, and not in its individual capacity, and all persons having any claim against the Trustee by reason of the transactions contemplated by this Agreement or any other Basic Document shall look only to the Trust Fund for payment or satisfaction thereof.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp)

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