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 have been, and any Additional Purchase Agreement will be, signed by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as the VL Funding Eligible Lender Trustee for VL Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Deutsche Bank Trust Company Americas, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VL Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, 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 VL Funding or Funding.

Appears in 16 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2013-6), Additional Purchase Agreement (Navient Student Loan Trust 2014-5), Additional Purchase Agreement (SLM Student Loan Trust 2014-2)

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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 have has been, and any Additional Purchase Agreement will be, signed by Deutsche The Bank of New York Trust Company AmericasCompany, N.A. not in its individual capacity but solely in its capacity as the VL VG Funding Eligible Lender Trustee for VL VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Deutsche The Bank of New York Trust Company AmericasCompany, N.A. in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VL VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VL VG 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 VL VG Funding or Funding.

Appears in 5 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2008-1), Initial Purchase Agreement (SLM Student Loan Trust 2008-3), Initial Purchase Agreement (SLM Student Loan Trust 2007-8)

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

Appears in 3 contracts

Samples: Additional Purchase Agreement (Navient Student Loan Trust 2015-2), Additional Purchase Agreement (Navient Student Loan Trust 2015-1), Additional Purchase Agreement (Navient Student Loan Trust 2015-3)

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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 have has been, and any Additional Purchase Agreement will be, signed by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as the VL Funding Eligible Lender Trustee for VL Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Deutsche Bank Trust Company Americas, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VL Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, 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 VL Funding or Funding.

Appears in 3 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-7), Additional Purchase Agreement (SLM Student Loan Trust 2012-6), Additional Purchase Agreement (SLM Student Loan Trust 2012-5)

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