Common use of Continuing Liability under Other Agreements Clause in Contracts

Continuing Liability under Other Agreements. The Servicer understands, acknowledges and agrees that the intent of the parties hereunder is that any limitation on the liability of the Servicer under this Agreement, whether under this Article XI, Article III or otherwise, is not intended to and shall not be construed to limit the liability of any Person selling any Aircraft Assets under the Asset Purchase Agreement or the liability of GE Capital to the initial purchasers under the Purchase Agreement and that any such liability under either such agreement shall not give rise to any claim for indemnification in favor of the Servicer or any of its Affiliates under this Agreement. ARTICLE XII

Appears in 2 contracts

Samples: Servicing Agreement (Lease Investment Flight Trust), Asset Purchase Agreement (Lease Investment Flight Trust)

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Continuing Liability under Other Agreements. The Servicer understands, acknowledges and agrees that the intent of the parties hereunder is that any limitation on the liability of the Servicer under this Agreement, whether under this Article XI, Article III or otherwise, is not intended to and shall not be construed to limit the liability of any Person selling any Aircraft Assets under the Asset Purchase Agreement or the liability liability, if any, of GE Capital to the initial purchasers under the Purchase Agreement a separate Indemnification Agreement, and that any such liability under either such agreement shall not give rise to any claim for indemnification in favor of the Servicer or any of its Affiliates under this Agreement. ARTICLE XII.

Appears in 1 contract

Samples: Master Servicing Agreement (Genesis Lease LTD)

Continuing Liability under Other Agreements. The Servicer understands, acknowledges and agrees that the intent of the parties hereunder is that any limitation on the liability of the Servicer under this Agreement, whether under this Article XI, Article III or otherwise, is not intended to and shall not be construed to limit the liability of any Person selling any Aircraft Assets under the Asset Purchase Agreement or the liability of GE Capital to the initial purchasers under the Purchase Agreement and that any such liability under either such agreement shall not give rise to any claim for indemnification in favor of the Servicer or any of its Affiliates under this Agreement. 65 71 ARTICLE XII

Appears in 1 contract

Samples: Servicing Agreement (Aircraft Finance Trust)

Continuing Liability under Other Agreements. The Servicer understands, acknowledges and agrees that the intent of the parties hereunder is that any limitation on the liability of the Servicer under this Agreement, whether under this Article XI, Article III or otherwise, is not intended to and shall not be construed to limit the liability of any Person selling any Aircraft Assets under the Asset Purchase Agreement or the liability liability, if any, of GE Capital any seller or other party to the initial purchasers under the Purchase Agreement a separate indemnification agreement, and that any such liability under either such agreement shall not give rise to any claim for indemnification in favor of the Servicer or any of its Affiliates under this Agreement. ARTICLE XII.

Appears in 1 contract

Samples: Servicing Agreement (Babcock & Brown Air LTD)

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Continuing Liability under Other Agreements. The Servicer understands, acknowledges and agrees that the intent of the parties hereunder is that any limitation on the liability of the Servicer under this Agreement, whether under this Article XI, Article III or otherwise, is not intended to and shall not be construed to limit the liability of any Person selling any Aircraft Assets under the Asset Purchase Agreement or the liability liability, if any, of GE Capital to the initial purchasers under the Purchase Agreement a separate indemnification agreement, and that any such liability under either such agreement shall not give rise to any claim for indemnification in favor of the Servicer or any of its Affiliates under this Agreement. ARTICLE XII.

Appears in 1 contract

Samples: Servicing Agreement (Genesis Lease LTD)

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