Common use of Limitation of Liability of Eligible Lender Trustee and Indenture Trustee Clause in Contracts

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, and in no event shall Deutsche Bank Trust Company Americas, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 19 contracts

Samples: Administration Agreement (Navient Student Loan Trust 2014-1), Administration Agreement (SLM Student Loan Trust 2014-2), Administration Agreement (SLM Student Loan Trust 2014-1)

AutoNDA by SimpleDocs

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) A. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered signed by Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer, Issuer and in no event shall Deutsche Bank Trust Company Americas, in its individual capacity or, except as expressly provided in the Trust Agreement, as Eligible Lender Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

Appears in 19 contracts

Samples: Servicing Agreement (Navient Student Loan Trust 2014-8), Servicing Agreement (Navient Student Loan Trust 2014-5), Servicing Agreement (Navient Student Loan Trust 2014-4)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.