Common use of Liability of Depositor Clause in Contracts

Liability of Depositor. The Depositor, as initial holder of the Residual Interest, will have the same limitation of personal liability as stockholders of a private for profit corporation organized under the Delaware General Corporation Law.

Appears in 105 contracts

Sources: Trust Agreement (Ford Credit Auto Owner Trust 2025-B), Trust Agreement (Ford Credit Auto Owner Trust 2025-B), Trust Agreement (Ford Credit Auto Lease Trust 2025-B)