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

Limitation on Liability of the Sellers. None of the directors, officers, employees or agents of either GMACM or WG Trust shall be under any liability to the Purchaser, 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 and any Subsequent Transfer Agreement. Except as and to the extent expressly provided in the Servicing Agreement, GMACM and WG Trust shall not be under any liability to the Issuer, the Owner Trustee, the Indenture Trustee or the Securityholders. GMACM, WG Trust and any director, officer, employee or agent of GMACM or WG Trust, 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 Sellers. None of the directors, officers, employees or agents of either GMACM or WG Trust shall be under any liability to the PurchaserPurchaser or the Issuer, 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 and any Subsequent Transfer Agreement. Except as and to the extent expressly provided in the Servicing Agreement, GMACM and WG Trust shall not be under any liability to the Issuer, the Owner Trustee, the Indenture Trustee or the Securityholders. GMACM, WG Trust and any director, officer, employee or agent of GMACM or WG Trust, 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 Sellers. None of the directors, officers, employees or agents of either GMACM or WG Trust 2001 shall be under any liability to the PurchaserPurchaser or the Issuer, 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 and any Subsequent Transfer Agreement. Except as and to the extent expressly provided in the Servicing Agreement, GMACM and WG Trust 2001 shall not be under any liability to the Issuer, the Owner Trustee, the Indenture Trustee or the Securityholders. GMACM, GMACM or WG Trust 2001 and any director, officer, employee or agent of GMACM or WG Trust, Trust 2001 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 Sellers. None of the directors, officers, employees or agents of either GMACM or WG Trust shall be under any liability to the PurchaserPurchaser or the Issuer, 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 and any Subsequent Transfer Agreement. Except as and to the extent expressly provided in the Servicing Agreement, GMACM and WG Trust shall not be under any liability to the Issuer, the Owner Trustee, the Indenture Trustee or the Securityholders. GMACM, WG Trust and any director, officer, employee or agent of GMACM or WG Trust, 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 Sellers. None of the directors, officers, employees or agents of either GMACM GMACM, WG Trust 2000 or WG Trust 2001 shall be under any liability to the PurchaserPurchaser or the Issuer, 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 and any Subsequent Transfer Agreement. Except as and to the extent expressly provided in the Servicing Agreement, GMACM GMACM, WG Trust 2000 and WG Trust 2001 shall not be under any liability to the Issuer, the Owner Trustee, the Indenture Trustee or the Securityholders. GMACM, WG Trust 2000, WG Trust 2001 and any director, officer, employee or agent of GMACM GMACM, WG Trust 2000 or WG Trust, Trust 2001 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.