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

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

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)

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Limitation on Liability of the Sellers and Others. The Sellers and any director or officer or manager, employee or agent of the Sellers either Seller 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 any Basic Documentthis Agreement. The Sellers Neither Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall is not be incidental to its obligations under this Agreement, the LOI or the Sourcing and that in its opinion may involve Servicing Agreement, as applicable, or any of the related transaction documents to which it in any expense or liabilityis a party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Us Home Systems Inc)

Limitation on Liability of the Sellers and Others. The Sellers Each Seller and any director or officer or employee or agent of the Sellers such Seller 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 any Basic Document. The Sellers Neither Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

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