Common use of Limited Recourse Clause in Contracts

Limited Recourse. The Seller and the Purchaser agree that any claim that the Seller or the Purchaser may seek to enforce against each other is limited to the Second-Tier Assets only and does not represent a claim against the assets of the Seller or the Purchaser as a whole or any assets other than the Second-Tier Assets.

Appears in 46 contracts

Sources: Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-B)

Limited Recourse. The Seller and the Purchaser agree that any claim that the Seller or the Purchaser may seek to enforce against each other is limited to the SecondFirst-Tier Assets only and does not represent a claim against the assets of the Seller or the Purchaser as a whole or any assets other than the SecondFirst-Tier Assets.

Appears in 46 contracts

Sources: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2025-B)

Limited Recourse. The Seller and the Purchaser agree that any claim that the Seller or the Purchaser may seek to enforce against each other is limited to the SecondFirst-Tier 14 Assets only and does not represent a claim against the assets of the Seller or the Purchaser as a whole or any assets other than the SecondFirst-Tier Assets.

Appears in 1 contract

Sources: First Tier Sale Agreement