Common use of LIMITATION ON BORROWER'S LIABILITY Clause in Contracts

LIMITATION ON BORROWER'S LIABILITY. The Borrower enters into this Agreement only in its capacity as trustee of the PUMA Trust and in no other capacity. A liability incurred by the Borrower acting in its capacity as trustee of the PUMA Trust arising under or in connection with this Agreement is limited to and can be enforced against the Borrower only to the extent to which it can be satisfied out of the assets of the PUMA Trust out of which the Borrower is actually indemnified for the liability. This limitation of the Borrower's liability applies despite any other provision of this Agreement (other than clause 14.3) and extends to all liabilities and obligations of the Borrower in any way connected with any representation, warranty, conduct, omission, agreement or transaction related to this Agreement.

Appears in 4 contracts

Samples: Redraw Facility Agreement (Macquarie Securitisation LTD Puma Global Trust No 4), Redraw Facility Agreement (Macquarie Securitisation LTD), Redraw Facility Agreement (Macquarie Securitisation LTD)

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