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Common use of Liability of the Owners Clause in Contracts

Liability of the Owners. No Owner shall have any personal liability for any liability or obligation of the Trust.

Appears in 7 contracts

Sources: Deposit Trust Agreement (Banccap Asset Securization Issuance Corp), Trust Agreement (BLG Securities Company, LLC), Trust Agreement (Bayview Financial Securities Co LLC)

Related Clauses

  • Liability of the Parties
  • Liability of the Manager
  • Liability of the Bank
  • Liability of the Company
  • Liability of the Adviser

Parent Clauses

  • Organization
  • Supplements and Amendments
  • Termination of Trust Agreement
  • Eligibility Requirements for Owner Trustee
  • CONCERNING THE OWNERS

Sub-Clauses

  • No Owner, other than to the extent set forth in paragraph
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