Liability to tax. the Note Trustee shall have no responsibility whatsoever to the Issuer, any Noteholder or other Secured Creditors as regards any deficiency which might arise because the Note Trustee is subject to any Tax in respect of all or any of the Secured Property, the income therefrom or the proceeds thereof;
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Sources: Turquoise Funding Note Trust Deed (Turquoise Receivables Trustee LTD), Note Trust Deed (Arran Funding LTD)
Liability to tax. the The Note Trustee shall have no responsibility whatsoever to the IssuerIssuing Entity, any Noteholder or other Secured Creditors as regards any deficiency which might arise because the Note Trustee is subject to any Tax in respect of all or any of the Secured Property, the income therefrom or the proceeds thereof;.
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