Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, except as provided in subsection (c) hereof, this instrument has been countersigned by [ ] not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall [ ] in its individual capacity or any Owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer thereunder, the Eligible Lender Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement.
Appears in 3 contracts
Samples: Administration Agreement (Gs Mortgage Securities Corp), Administration Agreement (Goldman Sachs Asset Backed Securities Corp), Administration Agreement (Asset Backed Securities Corp)
Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, except as provided in subsection (c) hereof, this instrument has been countersigned by [ ] Bank One not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall [ ] Bank One in its individual capacity or any Owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer thereunder, the Eligible Lender Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement.
Appears in 2 contracts
Samples: Administration Agreement (Wells Fargo Student Loans Receivables I LLC), Administration Agreement (Wells Fargo Student Loans Receivables I LLC)
Limitation of Liability of Eligible Lender Trustee and Indenture Trustee. (a) Notwithstanding anything contained herein to the contrary, except as provided in subsection (c) hereof, this instrument has been countersigned by [ ] Bank One, National Association not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall [ ] Bank One, National Association in its individual capacity or any Owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this Agreement, in the performance of any duties or obligations of the Issuer thereunder, the Eligible Lender Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement.
Appears in 2 contracts
Samples: Administration Agreement (SMS Student Loan Trust 2000-A), Administration Agreement (SMS Student Loan Trust 2000-B)