Liability for Specific Obligations. The Administrator will be liable only for its specific obligations under this Agreement. All other liability is expressly waived and released as a condition of, and consideration for, the execution of this Agreement by the Administrator. The Administrator will be liable for its willful misconduct, bad faith or negligence in performing its obligations under this Agreement.
Appears in 85 contracts
Samples: Administration Agreement (Ford Credit Auto Owner Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2024-A)
Liability for Specific Obligations. The Administrator will be liable only for its specific obligations under this Agreement. All other liability is expressly waived and released as a condition of, and consideration for, the execution of this Agreement by the Administrator. The Administrator will be liable only for its own willful misconduct, bad faith or gross negligence in performing its obligations under this Agreement.
Appears in 21 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)
