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

Limitation on Liability of Sellers and Others. Each Seller and any director, officer, employee or agent thereof 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. No Seller shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement or its Transaction Documents.

Appears in 4 contracts

Samples: Receivables Purchase Agreement, Purchase Agreement (Americredit Corp), Master Receivables Purchase Agreement (Americredit Corp)

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Limitation on Liability of Sellers and Others. Each Seller Sellers --------------------------------------------- and any director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 4 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Limitation on Liability of Sellers and Others. Each --------------------------------------------- Seller and any director, officer, employee or agent thereof 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. No Seller shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement or its Transaction Documents.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Americredit Corp), Master Receivables Purchase Agreement (Americredit Corp)

Limitation on Liability of Sellers and Others. Each Seller and any director, officer, employee or agent thereof of such Seller may rely in good faith on the advice of counsel or on any document of any kind kind, prima facie properly executed and submitted by any Person respecting any matters arising hereunder or under this Agreementany other Basic Documents. No Seller shall be under any obligation under this Agreement to appear in, prosecute prosecute, or defend any legal action that is not incidental shall be unrelated to its obligations under this Agreement or any other Basic Document, and that in its Transaction Documentsopinion may involve it in any expense or liability.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Limitation on Liability of Sellers and Others. Each Seller Sellers and --------------------------------------------- any director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 2 contracts

Samples: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Limitation on Liability of Sellers and Others. Each Seller --------------------------------------------- and any director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Limitation on Liability of Sellers and Others. Each Seller The Sellers and --------------------------------------------- any director, officer, director or officer or employee or agent thereof of the Sellers may rely in good faith on the advice of counsel or on any document of any kind kind, prima facie properly executed and submitted by any Person respecting any matters arising under this any Basic Agreement. No Neither Seller shall be under any obligation to appear in, prosecute or defend any legal action that is shall not be incidental to its obligations under this Agreement Agreement, and that in its opinion may involve it in any expense or its Transaction Documentsliability.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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Limitation on Liability of Sellers and Others. Each Seller Sellers and any director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Limitation on Liability of Sellers and Others. Each Seller and -------------------------------------------------- any director, officer, employee or agent thereof 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. No Seller shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations under this Agreement or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Americredit Financial Services of Canada LTD)

Limitation on Liability of Sellers and Others. Each Seller Sellers and --------------------------------------------- any director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

Limitation on Liability of Sellers and Others. Each Seller Sellers and any --------------------------------------------- director, officer, employee or agent thereof 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. No Seller Sellers 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 or its Transaction DocumentsRelated Documents and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

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