Common use of LIMITATION OF LIABILITY OF DELAWARE TRUSTEE Clause in Contracts

LIMITATION OF LIABILITY OF DELAWARE TRUSTEE. Notwithstanding anything contained herein to the contrary, this Agreement has been executed by M&T Trust Company of Delaware, not in its individual capacity, but solely in its capacity as Delaware Trustee, and in no event shall M&T Trust Company of Delaware in its individual capacity or any beneficial owner of the Trust have any liability for the representations, warranties, covenants, agreements or other obligations of the Trust hereunder, as to all of which recourse shall be had solely to the assets of the Trust.

Appears in 6 contracts

Samples: Master Servicing Agreement (Nelnet Student Loan Trust 2009-2), Master Servicing Agreement (Nelnet Student Loan Trust 2008-3), Master Servicing Agreement (Nelnet Student Loan Trust 2008-4)

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LIMITATION OF LIABILITY OF DELAWARE TRUSTEE. Notwithstanding anything contained herein to the contrary, this Agreement instrument has been executed by M&T Trust Company of Delaware, not in its individual capacity, but solely in its capacity as Delaware Trustee, and in no event shall M&T Trust Company of Delaware in its individual capacity or any beneficial owner of the Trust Purchaser have any liability for the representations, warranties, covenants, agreements or other obligations of the Trust Purchaser hereunder, as to all of which recourse shall be had solely to the assets of the TrustPurchaser.

Appears in 6 contracts

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2009-2), Loan Purchase Agreement (Nelnet Student Loan Trust 2008-1), Loan Purchase Agreement (Nelnet Student Loan Trust 2008-2)

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