Liability of Backup Servicer; Indemnities. (a) The Backup Servicer shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Backup Servicer and the representations made by the Backup Servicer. Other than as specifically set forth in this Backup Servicing Agreement, the Backup Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any action taken or omitted by the Servicer.
Appears in 25 contracts
Samples: Backup Servicing Agreement (CNH Capital Receivables LLC), Backup Servicing Agreement (CNH Capital Receivables LLC), Backup Servicing Agreement (CNH Equipment Trust 2011-A)
Liability of Backup Servicer; Indemnities. (a) The Backup Servicer shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Backup Servicer and the representations and warranties made by the Backup Servicer. Other than as specifically set forth in this Backup Servicing Agreement, the Backup Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any action taken or omitted by the Servicerhereunder.
Appears in 7 contracts
Samples: Backup Servicing Agreement (Onyx Acceptance Financial Corp), Backup Servicing Agreement (Onyx Acceptance Financial Corp), Backup Servicing Agreement (Onyx Acceptance Financial Corp Onyx Accept Owner Tr 2003-C)
