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

Limitation on Liability of Transferor and Others. Transferor and any director, manager, 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. Transferor 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 Related Documents and that in its opinion may involve it in any expense or liability.

Appears in 40 contracts

Samples: Contribution Agreement (Exeter Automobile Receivables Trust 2024-5), Contribution Agreement (Exeter Automobile Receivables Trust 2024-5), Contribution Agreement (Exeter Automobile Receivables Trust 2024-4)

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

Appears in 6 contracts

Samples: Trust and Servicing Agreement (Bay View Deposit CORP), Trust and Servicing Agreement (Bay View Securitization Corp), Trust and Servicing Agreement (Bay View Deposit CORP)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Agreementhereunder. The Transferor shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 5 contracts

Samples: Transfer and Servicing Agreement (Advanta Bank Corp), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts), Transfer and Servicing Agreement (Metlife Capital Equipment Loan Trusts)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Agreementhereunder. Transferor The Transferor, in its capacity as such, shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 4 contracts

Samples: Trust Agreement (Carco Auto Loan Master Trust), Trust Agreement (Daimlerchrysler Wholesale Receivables LLC), Trust Agreement (Daimlerchrysler Master Owner Trust)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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. The Transferor shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations as Transferor of the Loans or Receivables under this Agreement or its Related Documents and that in its opinion may involve it in any expense or liability.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alliance Laundry Systems LLC), Pooling and Servicing Agreement (Alliance Laundry Systems LLC), Pooling and Servicing Agreement (Alliance Laundry Corp)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Person, respecting any matters arising under this Agreementhereunder. Subject to Section 4.08, the Transferor 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 Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 2 contracts

Samples: Intangible Transition Property Transfer Agreement (West Penn Power Co), Intangible Transition Property Transfer Agreement (West Penn Power Co)

Limitation on Liability of Transferor and Others. The ------------------------------------------------ Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Agreementany Basic Document. The Transferor shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Limitation on Liability of Transferor and Others. The ------------------------------------------------ Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Agreementhereunder. Transferor The Transferor, in its capacity as such, shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Trust Agreement (Mbna Credit Card Master Note Trust)

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Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 39 36 Person, respecting any matters arising under this Agreementhereunder. Subject to Section 4.08, the Transferor 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 Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Intangible Transition Property Transfer Agreement (West Penn Funding LLC)

Limitation on Liability of Transferor and Others. The ------------------------------------------------ Transferor and any director, manager, officer, employee or agent thereof of the Transferor 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 Agreementhereunder. The Transferor shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Transfer Agreement (Deutsche Recreational Asset Funding Corp)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Person, respecting any matters arising under this Agreementhereunder. Subject to Section 4.08, the Transferor shall not be under any obligation to appear in, prosecute or defend any legal 160 action that is not incidental to its obligations under this Agreement or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Intangible Transition Property Transfer Agreement (West Penn Funding LLC)

Limitation on Liability of Transferor and Others. The Transferor and any director, manager, officer, director or officer or employee or agent thereof of the Transferor 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 Agreementhereunder. The Transferor shall not be under any TRUST AND SERVICING AGREEMENT 67 obligation to appear in, prosecute prosecute, or defend any legal action that is shall not be incidental to its obligations under this Agreement or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Bay View Transaction Corp)

Limitation on Liability of Transferor and Others. Transferor and any director, manager, officer, employee or agent thereof of Transferor 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 Agreementhereunder. Transferor shall not 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 or its Related Documents Agreement, and that in its opinion may involve it in any expense or liability.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)

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