LIMITATION ON LIABILITY OF AFL AND OTHERS. AFL and any director, officer, employee or agent may rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement. AFL shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement, any Subsequent Purchase Agreement or its Related Documents and that in its opinion may involve it in any expense or liability.
Appears in 11 contracts
Samples: Receivables Purchase Agreement (Arcadia Receivables Finance Corp), Receivables Purchase Agreement (Arcadia Receivables Finance Corp), Receivables Purchase Agreement (Arcadia Receivables Finance Corp)
LIMITATION ON LIABILITY OF AFL AND OTHERS. AFL and any director, officer, employee or agent may rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement. AFL shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement, any Subsequent Purchase Agreement or its Related Documents and that in its opinion may involve it in any expense or liability.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Arcadia Receivables Finance Corp), Receivables Purchase Agreement (Arcadia Financial LTD)
LIMITATION ON LIABILITY OF AFL AND OTHERS. AFL and any director, officer, employee or agent may rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement. AFL shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement, any Subsequent Purchase Assignment Agreement or its Related Documents and that in its opinion may involve it in any expense or liability.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Arcadia Financial LTD)