Liability of the Transferor. Each Transferor (including any Additional Transferors) shall be severally and not jointly liable for the obligations, covenants, representations and warranties of such Transferor arising under or related to this Agreement or any Supplement. Each Transferor shall be liable only to the extent of the obligations specifically undertaken by it in its capacity as a Transferor.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I), Pooling and Servicing Agreement (Nextcard Inc), Pooling and Servicing Agreement (Travelers Bank Credit Card Master Trust I)
Liability of the Transferor. Each The Transferor (including any Additional Transferors) shall be severally severally, and not jointly jointly, liable for the all obligations, covenants, representations and warranties of such the Transferor arising under or related to this Agreement or any Supplement. Each Except as provided in the preceding sentence, the Transferor shall be liable only to the extent of the obligations specifically undertaken by it in its capacity as a the Transferor.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Credit Card Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp)
