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

Limitation on Liability of the Seller. None of the directors, officers, employees or agents of the Seller shall be under any liability to the Company, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this Agreement. Except as and to the extent expressly provided in the Basic Documents, the Seller shall not be under any liability to the Issuer, the Owner Trust, the Owner Trustee, the Indenture Trustee, the Noteholders or the Certificateholders. The Seller and any director, officer, employee or agent of the Seller may rely in good faith on any document of any kind PRIMA FACIE properly executed and submitted by any Person respecting any matters arising hereunder.

Limitation on Liability of the Seller. None of the directors, officers, employees or agents of the Seller shall be under any liability to the CompanyPurchaser, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this Agreement. Except as and to the extent expressly provided herein or in the Basic DocumentsServicing Agreement, the Seller shall not be under any liability to the Issuer, the Owner Trust, the Owner Trustee, the Indenture Trustee, the Noteholders Trustee or the CertificateholdersSecurityholders. The Seller and any director, officer, employee or agent of the Seller may rely in good faith on any document of any kind PRIMA FACIE properly executed and submitted by any Person respecting any matters arising hereunder.

Limitation on Liability of the Seller. None of the directors, officers, employees or agents of the Seller shall be under any liability to the CompanyPurchaser, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this Agreement. Except as and to the extent expressly provided in the Basic Documents, the Seller shall not be under any liability to the Issuer, the Owner Trust, the Owner Trustee, the Indenture Trustee, the Noteholders or the Certificateholders. The Seller and any director, officer, employee or agent of the Seller may rely in good faith on any document of any kind PRIMA FACIE properly executed and submitted by any Person respecting any matters arising hereunder.