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Common use of Liability of Owners Clause in Contracts

Liability of Owners. The Residual Interestholder shall not have any personal liability for any liability or obligation of the Trust.

Appears in 4 contracts

Sources: Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp), Trust Agreement (Deutsche Recreational Asset Funding Corp)

Liability of Owners. The Residual Interestholder shall not ------------------- have any personal liability for any liability or obligation of the Trust.

Appears in 1 contract

Sources: Trust Agreement (Deutsche Recreational Asset Funding Corp)

Related Clauses

  • Liability of Owner for Taxes
  • Liability of Owner or Beneficial Owner for Taxes
  • Limitation of Liability of Owner Trustee
  • Liability of Evaluator
  • Liability of Seller

Parent Clauses

  • Organization
  • Supplements and Amendments
  • Capitalized Terms
  • Termination of Trust Agreement
  • Interpretive Provisions

Sub-Clauses

  • Initial Ownership
  • Mutilated, Destroyed, Lost or Stolen Certificates
  • Execution, Authentication and Delivery of Certificates
  • Access to List of Certificateholders' Names and Addresses
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