Common use of Limitation on Liability of Contributor and Others Clause in Contracts

Limitation on Liability of Contributor and Others. The Contributor and any director or officer or employee or agent of the Contributor 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. The Contributor shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations as transferor of the Leases under this Agreement and that in its opinion may involve it in any expense or liability.

Appears in 5 contracts

Samples: Contribution and Servicing Agreement (Green Tree Lease Finance 1997-1 LLC), Contribution and Servicing Agreement (Conseco Finance Lease 2000-1 LLC), Contribution and Servicing Agreement (Green Tree Lease Finance 1998-1 LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!