Nature of Participation. Except as is expressly provided in this Agreement, the Participation Interest shall not impose any obligations or liabilities on Participant with respect to the Loans and Participant shall not be liable for or obligated to pay (and Participant’s Share shall not be reduced by) any funding obligations of the Company or any costs or expenses incurred in connection with the ownership, servicing, management or administration of the Loans.
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Samples: Participation and Servicing Agreement, Participation and Servicing Agreement
Nature of Participation. Except as is expressly provided in this Agreement, the Participation Interest shall not impose any obligations or liabilities on Participant with respect to the Loans or any Acquired Collateral and Participant shall not be liable for or obligated to pay (and Participant’s Share shall not be reduced by) any funding obligations of the Company or any costs or expenses incurred in connection with the ownership, servicing, management or administration of the LoansLoans or any Acquired Collateral.
Appears in 2 contracts
Samples: Participation and Servicing Agreement, Participation and Servicing Agreement
Nature of Participation. Except as is expressly provided in this Agreement, the Participation Interest shall not impose any obligations or liabilities on the Participant with respect to the Loans or the Acquired Collateral, and the Participant shall not be liable for or obligated to pay (and the Participant’s Share shall not be reduced by) any funding obligations of the Company or any costs or expenses incurred in connection with the ownership, servicing, management or administration of the LoansLoans or the Acquired Collateral.
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