Limitations on Liability. The Owner Trustee will not be liable under the Transaction Documents, including for the following actions, except (a) for its own willful misconduct, bad faith or negligence (except for errors in judgment) or (b) if a representation or warranty in Section 6.6 is not true and correct as of the Closing Date:
Appears in 52 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2020-C), Trust Agreement (Ford Credit Auto Owner Trust 2017-B), Trust Agreement (Ford Credit Auto Owner Trust 2022-D)
Limitations on Liability. The Owner Trustee will not be liable under the Transaction Documents, including for the following actions, except (a) for its own willful misconduct, bad faith or gross negligence (except for errors in judgment) or (b) if a representation or warranty in Section 6.6 is not true and correct as of the Closing Date:
Appears in 16 contracts
Samples: Trust Agreement (Verizon Owner Trust 2020-B), Trust Agreement (Verizon Owner Trust 2019-B), Trust Agreement (Verizon Owner Trust 2020-B)
Limitations on Liability. The Owner Trustee will not be liable under the Transaction Documents or the other Series Related Documents, including for the following actions, except (a) for its own willful misconduct, bad faith or gross negligence (except for errors in judgment) or (b) if a representation or warranty in Section 6.6 is not true and correct as of the Closing Datedate of this Agreement:
Appears in 4 contracts
Samples: Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust), Trust Agreement (Verizon Master Trust)
