Common use of Limitation on Liability of the Seller and Others Clause in Contracts

Limitation on Liability of the Seller and Others. The Seller, and any of its directors, officers, employees or agents may rely in good faith on any document of any kind, believed by it to be genuine and properly executed and submitted by any Person respecting any matters arising hereunder. The Seller shall be under no obligation under this Agreement to appear in, prosecute or defend any legal action that shall be unrelated to its obligations under this Agreement and that in its opinion may involve it in any expense or liability.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Corp /Ut/), Pooling and Servicing Agreement (First Security Auto Grantor Trust 1997-A)

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