Common use of Limitation of Liability of Owner Trustee and Indenture Trustee Clause in Contracts

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association in its capacity as Owner Trustee of the Issuing Entity and in no event shall Wilmington Trust, National Association in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 38 contracts

Samples: Trust Administration Agreement (Nissan Auto Lease Trust 2021-A), Trust Administration Agreement (Nissan Auto Lease Trust 2021-A), Trust Administration Agreement (Nissan Auto Leasing LLC Ii)

AutoNDA by SimpleDocs

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuing Entity Issuer and in no event shall Wilmington Trust, National Association in its individual capacity or any beneficial owner of the Issuing Entity Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuing EntityIssuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 16 contracts

Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2024-A), Administration Agreement (Harley-Davidson Motorcycle Trust 2024-A), Administration Agreement (Harley-Davidson Motorcycle Trust 2023-B)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association Trust Company in its capacity as Owner Trustee of the Issuing Entity and in no event shall Wilmington Trust, National Association Trust Company in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 8 contracts

Samples: Trust Administration Agreement (Nissan Auto Lease Trust 2011-A), Trust Administration Agreement (Nissan Auto Lease Trust 2011-A), Trust Administration Agreement (Nissan Auto Lease Trust 2010-A)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument Agreement has been countersigned executed by Wilmington Trust, National Association Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuing Entity Issuer, and in no event shall Wilmington Trust, National Association in its individual capacity or any beneficial owner of the Issuing Entity Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuing EntityIssuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2015-1)

Limitation of Liability of Owner Trustee and Indenture Trustee. (ah) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association Trust Company not in its individual capacity but solely in the capacity as Owner Trustee of the Issuing Entity Trust and in no event shall Wilmington Trust, National Association Trust Company in its individual capacity or any beneficial owner of the Issuing Entity Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity Owner Trustee hereunder, as to all of which recourse shall be had solely to the assets of the Issuing EntityOwner Trustee. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity Owner Trustee hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Capital One Auto Finance Trust 2002-C), Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Finance Trust 2002-A)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association [•] in its capacity as Owner Trustee of the Issuing Entity and in no event shall Wilmington Trust, National Association [•] in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 3 contracts

Samples: Trust Administration Agreement (Nissan Auto Leasing LLC Ii), Trust Administration Agreement (Nissan Auto Leasing LLC Ii), Trust Administration Agreement (Nissan Auto Leasing LLC Ii)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by [Wilmington Trust, National Association Trust Company] in its capacity as Owner Trustee of the Issuing Entity and in no event shall [Wilmington Trust, National Association Trust Company] in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 2 contracts

Samples: Trust Administration Agreement (Nissan Auto Leasing LLC Ii), Trust Administration Agreement (Nissan-Infiniti Lt)

AutoNDA by SimpleDocs

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association [ ] in its capacity as Owner Trustee of the Issuing Entity and in no event shall Wilmington Trust, National Association [ ] in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement.

Appears in 1 contract

Samples: Trust Administration Agreement (Nissan-Infiniti Lt)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association Trust Company not in its individual capacity but solely in the capacity as Owner Trustee of the Issuing Entity Owner Trustee and in no event shall Wilmington Trust, National Association Trust Company in its individual capacity or any beneficial owner of the Issuing Entity Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity Owner Trustee hereunder, as to all of which recourse shall be had solely to the assets of the Issuing EntityOwner Trustee. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity Owner Trustee hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Capital One Auto Receivables LLC)

Limitation of Liability of Owner Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association Trust Company not in its individual capacity but solely in the capacity as Owner Trustee of the Issuing Entity Trust and in no event shall Wilmington Trust, National Association Trust Company in its individual capacity or any beneficial owner of the Issuing Entity Owner Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity Owner Trustee hereunder, as to all of which recourse shall be had solely to the assets of the Issuing EntityOwner Trustee. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuing Entity Owner Trustee hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles SixVI, Seven VII and Eight VIII of the Trust Agreement.

Appears in 1 contract

Samples: Administration Agreement (Capital One Auto Receivables Trust 2001-B)

Time is Money Join Law Insider Premium to draft better contracts faster.