Common use of Trustee Not Liable for Certificates Clause in Contracts

Trustee Not Liable for Certificates. The recitals contained herein and in the Certificates, other than the signature of the Trustee on the Certificates and the certificate of authentication, shall be taken as the statements of the Depositor, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates or of the CRB Certificates or related documents, other than the signature of the Trustee on the Certificates and the certificate of authentication. The Trustee shall not be accountable hereunder or under the Certificates, except (i) for its own bad faith or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.12 expressly made by the Trustee.

Appears in 3 contracts

Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Ace Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

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Trustee Not Liable for Certificates. The recitals ----------------------------------- contained herein and in the Certificates, other than the signature of the Trustee on the Certificates and the certificate of authentication, shall be taken as the statements of the Depositor, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates or of the CRB Certificates or related documents, other than the signature of the Trustee on the Certificates and the certificate of authentication. The Trustee shall not be accountable hereunder or under the Certificates, except (i) for its own bad faith or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.12 expressly made by the Trustee.

Appears in 1 contract

Samples: Trust Agreement (Asset Backed Securities Corp)

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