Common use of Limitation of Liability of Eligible Lender Trustee and Indenture Trustee Clause in Contracts

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by [____________], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, and in no event shall [____________], in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 4 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

AutoNDA by SimpleDocs

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) A. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by [_____________], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, Issuer and in no event shall [_____________], in its individual capacity or, except as expressly provided in the Trust Agreement, as Eligible Lender Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 3 contracts

Samples: Servicing Agreement (SLM Funding LLC), Servicing Agreement (SLM Education Credit Funding LLC), Servicing Agreement (SLM Education Credit Funding LLC)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by [_______________________________], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, and in no event shall [__________________________________], in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Administration Agreement (Wachovia Education Loan Funding LLC)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by [____________], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the IssuerIssuer and, and subject to paragraph (d) below, in no event shall [____________], in its individual capacity ] have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Consumer Receivables LLC)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by [____________[ ], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, and in no event shall [____________[ ], in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

AutoNDA by SimpleDocs

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by [____________[ ], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the IssuerIssuer and, and subject to paragraph (d) below, in no event shall [____________[ ], in its individual capacity or, except as expressly provided in the Trust Agreement, as beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Key Bank Usa National Association)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) A. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by [____________[ ], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, Issuer and in no event shall [____________], [ ] in its individual capacity or, except as expressly provided in the Trust Agreement, as Eligible Lender Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Servicing Agreement (SLM Funding LLC)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) A. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by [____________________________________], not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, Issuer and in no event shall [____________], ________________________] in its individual capacity or, except as expressly provided in the Trust Agreement, as Eligible Lender Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 1 contract

Samples: Master Servicing Agreement (Wachovia Education Loan Funding LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.