Common use of LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER Clause in Contracts

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 Chase Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.

Appears in 20 contracts

Samples: Purchase Agreement (SLM Student Loan Trust 2005-10), Purchase Agreement (SLM Student Loan Trust 2006-1), Purchase Agreement (SLM Student Loan Trust 2006-2)

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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 Chase The Bank USAof New York Trust Company, National Association N.A. not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase The Bank USAof New York Trust Company, National Association N.A. in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.

Appears in 6 contracts

Samples: Purchase Agreement, Purchase Agreement (SLM Student Loan Trust 2008-2), Purchase Agreement (SLM Student Loan Trust 2007-7)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has have been, and any Additional Purchase Agreement will be, signed by Chase Manhattan Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding Funding, and in no event shall Chase Manhattan Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding, as the case may be.

Appears in 2 contracts

Samples: Purchase Agreement (SLM Funding LLC), Purchase Agreement (SLM Funding LLC)

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 Chase Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.. Purchase Agreement - Master (VG FUNDING)

Appears in 1 contract

Samples: Purchase Agreement (SLM Student Loan Trust 2007-4)

LIMITATION OF LIABILITY OF INTERIM ELIGIBLE LENDER. Notwithstanding anything contained herein to the contrary, these Master Terms and the Initial Purchase Agreement has have been, and any Additional Purchase Agreement will be, signed by Chase Manhattan Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase Manhattan Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.

Appears in 1 contract

Samples: Purchase Agreement (SLM Funding LLC)

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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 Chase Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.. Purchase Agreement – Master (VG FUNDING)

Appears in 1 contract

Samples: Purchase Agreement (SLM Student Loan Trust 2007-2)

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 Chase Manhattan Bank USA, National Association not in its individual capacity but solely in its capacity as the VG Funding Eligible Lender Trustee for VG Funding and the Interim Eligible Lender Trustee for Funding and in no event shall Chase Manhattan Bank USA, National Association in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the VG Funding Eligible Lender Trustee, the Interim Eligible Lender Trustee, VG 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 VG Funding or Funding.

Appears in 1 contract

Samples: Purchase Agreement (SLM Funding LLC)

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