LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, 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 the Bluemont Funding Eligible Lender Trustee for Bluemont Funding and the Interim Eligible Lender Trustee for Funding 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 have any liability for the representations, warranties, covenants, agreements or other obligations of the Bluemont Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Bluemont Funding or Funding, under these Master Terms or any Purchase Agreements 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 Bluemont Funding or Funding.
Appears in 3 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2008-7), Purchase Agreement (SLM Student Loan Trust 2008-9), Purchase Agreement (SLM Student Loan Trust 2008-8)
LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, 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 the Bluemont Town Center Funding Eligible Lender Trustee for Bluemont Town Center Funding and the Interim Eligible Lender Trustee for Funding 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 have any liability for the representations, warranties, covenants, agreements or other obligations of the Bluemont Town Center Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Bluemont Town Center Funding or Funding, under these Master Terms or any Purchase Agreements 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 Bluemont Town Center Funding or Funding.
Appears in 3 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2008-8), Purchase Agreement (SLM Student Loan Trust 2008-9), Purchase Agreement (SLM Student Loan Trust 2008-7)
LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has been, and any Additional Purchase Agreement will be, 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 the Bluemont Town Hall Funding Eligible Lender Trustee for Bluemont Town Hall Funding and the Interim Eligible Lender Trustee for Funding 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 have any liability for the representations, warranties, covenants, agreements or other obligations of the Bluemont Town Hall Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, Bluemont Town Hall Funding or Funding, under these Master Terms or any Purchase Agreements 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 Bluemont Town Hall Funding or Funding.
Appears in 3 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2008-8), Purchase Agreement (SLM Student Loan Trust 2008-9), Purchase Agreement (SLM Student Loan Trust 2008-7)