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 signed by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall The Bank of New York Mellon Trust Company, National Association, 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 12 contracts

Samples: Servicing Agreement (SLM Student Loan Trust 2012-3), Servicing Agreement (SLM Student Loan Trust 2012-2), Servicing Agreement (SLM Student Loan Trust 2012-1)

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Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. A. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been signed executed and delivered by The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer Issuer, and in no event shall The Bank of New York Mellon Trust Company, National Association, 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 10 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2012-3), Administration Agreement (SLM Student Loan Trust 2012-2), Administration Agreement (SLM Student Loan Trust 2012-1)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. A. Notwithstanding anything contained herein to the contrary, this Agreement has been signed by The Bank of New York Mellon Trust Company, National AssociationN.A., not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall The Bank of New York Mellon Trust Company, National AssociationN.A., 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 4 contracts

Samples: Servicing Agreement (SLM Student Loan Trust 2007-5), Servicing Agreement (SLM Student Loan Trust 2008-5), Servicing Agreement (SLM Student Loan Trust 2008-4)

Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. A. (a) Notwithstanding anything contained herein to the contrary, this Agreement has been signed executed and delivered by The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A., not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer Issuer, and in no event shall The Bank of New York Mellon Trust Company, National Association, 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 3 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2008-9), Administration Agreement (SLM Student Loan Trust 2008-8), Administration Agreement (SLM Student Loan Trust 2008-7)

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Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. A. Notwithstanding anything contained herein to the contrary, this Agreement has been signed by The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A., not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A., 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 2 contracts

Samples: Servicing Agreement (SLM Student Loan Trust 2008-7), Servicing Agreement (SLM Student Loan Trust 2008-9)

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