Common use of LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER Clause in Contracts

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall Funding Eligible Lender Trustee for Town Hall Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall Funding or Funding.

Appears in 10 contracts

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2010-1), Initial Purchase Agreement (SLM Student Loan Trust 2012-1), Additional Purchase Agreement (SLM Student Loan Trust 2011-2)

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LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall Center Funding Eligible Lender Trustee for Town Hall Center Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall Center Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall Center Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall Center Funding or Funding.

Appears in 10 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2011-1), Additional Purchase Agreement (SLM Student Loan Trust 2011-2), Initial Purchase Agreement (SLM Student Loan Trust 2009-1)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall Bluemont Funding Eligible Lender Trustee for Town Hall Bluemont Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall Bluemont Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall Bluemont Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall Bluemont Funding or Funding.

Appears in 9 contracts

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2011-3), Additional Purchase Agreement (SLM Student Loan Trust 2009-1), Initial Purchase Agreement (SLM Student Loan Trust 2012-1)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall VL Funding Eligible Lender Trustee for Town Hall VL Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall VL Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall VL Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall VL Funding or Funding.

Appears in 7 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2011-2), Additional Purchase Agreement (SLM Student Loan Trust 2010-2), Additional Purchase Agreement (SLM Student Loan Trust 2011-1)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, N.A. not in its individual capacity but solely in its capacity as the Town Hall Funding Eligible Lender Trustee for Town Hall Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, N.A. in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall Funding or Funding.

Appears in 3 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2008-5), Additional Purchase Agreement (SLM Student Loan Trust 2008-6), Additional Purchase Agreement (SLM Student Loan Trust 2008-4)

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LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, N.A. not in its individual capacity but solely in its capacity as the Town Hall Center Funding Eligible Lender Trustee for Town Hall Center Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, N.A. in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall Center Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall Center Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall Center Funding or Funding.

Appears in 3 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2008-6), Additional Purchase Agreement (SLM Student Loan Trust 2008-4), Additional Purchase Agreement (SLM Student Loan Trust 2008-5)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall VL Funding Eligible Lender Trustee for Town Hall VL Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall VL Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall VL Funding or Funding, under VL Funding Purchase Agreement 23 these Master Terms or any Purchase Agreements 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 Town Hall VL Funding or Funding.

Appears in 1 contract

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-1)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as the Town Hall VL Funding Eligible Lender Trustee for Town Hall VL Funding and the Interim Eligible Lender Trustee for Funding and in no event shall The Bank of New York Mellon Trust Company, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Town Hall VL Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Town Hall VL Funding or Funding, under these Master Terms or any Purchase Agreements 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 Town Hall VL Funding or Funding.. VL Funding Purchase Agreement 23

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2011-3)

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