Common use of Trust Capacity Clause in Contracts

Trust Capacity. In executing and delivering this -------------- Agreement and any other Program Document, Wilmington Trust Company acts solely as Owner Trustee of PLT Finance Trust 1997-1 and not in any individual capacity, and all persons having any claim against Wilmington Trust Company by reason of the transactions contemplated hereby shall not have any recourse to Wilmington Trust Company in its individual capacity.

Appears in 2 contracts

Sources: Initial Purchase Agreement (Federated Investors Inc /Pa/), Initial Purchase Agreement (Federated Investors Inc /Pa/)

Trust Capacity. In executing and delivering this -------------- Agreement and any other Program Document, Wilmington Trust Company acts solely as Owner Trustee Trust of PLT Finance Trust 1997-1 and not in any individual capacity, and all persons having any claim against Wilmington Trust Company by reason of the transactions contemplated hereby shall not have any recourse to Wilmington Trust Company in its individual capacity.

Appears in 1 contract

Sources: Master Agreement (Federated Investors Inc /Pa/)