Common use of Limitation of Liability of Interim Trustee Clause in Contracts

Limitation of Liability of Interim Trustee. Notwithstanding anything contained herein to the contrary, these Master Sale Terms and any Purchase Agreements will be, signed by Chase Bank USA, National Association, not in its individual capacity but solely in its capacity as Interim Trustee for the Purchaser 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 Interim Trustee or the Purchaser under these Master Sale 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 the Purchaser or the Seller, as the case may be.

Appears in 5 contracts

Samples: Purchase Agreement (SLM Private Credit Student Loan Trust 2006-B), Purchase Agreement (SLM Private Credit Student Loan Trust 2006-B), Purchase Agreement (SLM Private Credit Student Loan Trust 2006-A)

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