Distinct Entities. The Assignor and Assignee hereby acknowledge that for all purposes the Assignor and Assignee are each separate and distinct legal entities. Accordingly, the Assignor shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunder.
Appears in 11 contracts
Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)
Distinct Entities. The Assignor Assignors and Assignee hereby acknowledge that for all purposes each of the Assignor Assignors and the Assignee are each separate and distinct legal entities. Accordingly, the no Assignor shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the any Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunder.
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Trendwest Resorts Inc), Receivables Purchase Agreement (Trendwest Resorts Inc), Receivables Purchase Agreement (Trendwest Resorts Inc)
Distinct Entities. The Assignor and Assignee hereby acknowledge that for all purposes the Assignor and Assignee are each separate and distinct legal entities. Accordingly, the Assignor shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunderAssignor.
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Bay View Capital Corp), Sale and Servicing Agreement (Americredit Corp), Contribution Agreement (Americredit Corp)
Distinct Entities. The Assignor and Assignee hereby acknowledge that for all purposes each of the Assignor and the Assignee are each separate and distinct legal entities. Accordingly, the Assignor shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunder.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Trendwest Resorts Inc), Receivables Purchase Agreement (Trendwest Resorts Inc)
Distinct Entities. The Assignor Assignors and Assignee hereby acknowledge that for all purposes the Assignor Assignors and Assignee are each separate and distinct legal entities. Accordingly, the Assignor Assignors shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunderAssignors.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Trendwest Resorts Inc), Purchase and Sale Agreement (Trendwest Resorts Inc)
