Common use of Secured Party Clause in Contracts

Secured Party. The Secured Party is executing this Agreement not in its individual capacity but solely in its capacity as Indenture Trustee. In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms of the Indenture that apply to the Indenture Trustee. The Indenture Trustee will not have any liability for any act or failure to act of the Servicer, the Custodian, the Marketing Agent, any other Creditor Representative or Noteholder, the Administrator, the Grantor or any other Person.

Secured Party. The Secured Party is executing this Agreement not in its individual capacity but solely in its capacity as Indenture TrusteeMaster Collateral Agent. In performing its obligations under this Agreement, the Secured Party is subject to, and entitled to the benefits of, the terms of the Indenture Master Collateral Agreement that apply to the Indenture TrusteeMaster Collateral Agent. The Indenture Trustee Master Collateral Agent will not have any liability for any act or failure to act of the Servicer, the Custodian, the Marketing Agent, any other Creditor Representative or NoteholderRepresentative, the Administrator, the Grantor or any other Person.