Common use of Liability of the Transferors Clause in Contracts

Liability of the Transferors. Each Transferor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by such Transferor.

Appears in 3 contracts

Samples: Master Pooling and Servicing Agreement (American Express Credit Account Master Trust), Master Pooling and Servicing Agreement (American Express Centurion Bank), Master Pooling and Servicing Agreement (American Express Centurion Bank)

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Liability of the Transferors. Each Transferor (including any Additional Transferors) shall be severally, and not jointly, liable in all respects for the obligations, covenants, representations and warranties undertaken by it pursuant to this Agreement or any Supplement and shall not be liable for the obligations, covenants, representations and warranties of any other Transferor. A Transferor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by such it in its capacity as Transferor.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Providian Master Trust), Pooling and Servicing Agreement (Providian Master Trust)

Liability of the Transferors. Each Transferor (including any Additional Transferors) shall be severally, and not jointly liable in all respects for the obligations, covenants, representations and warranties of such Transferor arising under or related to this Agreement or any Supplement. A Transferor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by such it in its capacity as Transferor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Corp)

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Liability of the Transferors. Each Transferor (including any Additional Transferors) shall be liable only for the obligations, covenants, representations and warranties undertaken by it pursuant to this Agreement or any Supplement and shall not be liable for the obligations, covenants, representations and warranties of any other Transferor. A Transferor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by such it in its capacity as Transferor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

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