Common use of Liability of the Certificateholders Clause in Contracts

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 166 contracts

Sources: Trust Agreement (Toyota Auto Receivables 2025-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2025-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2025-C Owner Trust)

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 51 contracts

Sources: Trust Agreement (Hercules Capital, Inc.), Trust Agreement (Horizon Technology Finance Corp), Trust Agreement (Hercules Capital, Inc.)

Liability of the Certificateholders. No Certificateholder (including the Depositor if the Depositor is a Certificateholder) shall have any personal liability for any liability or obligation of the TrustIssuer, solely by reason of it being a Certificateholder.

Appears in 46 contracts

Sources: Trust Agreement (Nissan Auto Receivables 2025-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2025-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2024-B Owner Trust)

Liability of the Certificateholders. No Certificateholder (including the Depositor if the Depositor is a Certificateholder) shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 14 contracts

Sources: Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables Corp Ii)

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely Trust or by reason of it being a Certificateholderany action taken by the parties to this Agreement pursuant to any provisions of this Agreement or any Related Document.

Appears in 4 contracts

Sources: Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp)

Liability of the Certificateholders. (a) No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 3 contracts

Sources: Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc), Trust Agreement (Case Receivables Ii Inc)

Liability of the Certificateholders. No Certificateholder The Certificateholders shall not have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Sources: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2007-A)

Liability of the Certificateholders. No Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Sources: Trust Agreement (Provident Lease Receivables Corp), Trust Agreement (Provident Lease Receivables Corp)

Liability of the Certificateholders. No Certificateholder ----------------------------------- shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Sources: Trust Agreement (Thornburg Mortgage Asset Corp), Trust Agreement (Navistar Financial Retail Receivables Corporation)

Liability of the Certificateholders. No ----------------------------------- Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 2 contracts

Sources: Trust Agreement (Navistar Financial Retail Receivables Corporation), Trust Agreement (Navistar Financial Retail Receivables Corporation)

Liability of the Certificateholders. No Except as provided in any Related Document, no Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 1 contract

Sources: Trust Agreement (GE Capital Credit Card Master Note Trust)

Liability of the Certificateholders. No ----------------------------------- Certificateholder Certificateholder shall have any personal liability for any liability or obligation of the Trust, solely by reason of it being a Certificateholder.

Appears in 1 contract

Sources: Trust Agreement (Navistar Financial Retail Receivables Corporation)