Common use of Nature of Underwriters’ Services Clause in Contracts

Nature of Underwriters’ Services. Each of GECC and the Depositor acknowledge and agree that the Underwriters are acting solely in the capacity of arm's length contractual counterparties to GECC and the Depositor with respect to the offering of Notes contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, GECC, the Depositor, the Company or any other person. Additionally, none of the Underwriters is advising GECC, the Depositor, the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. GECC and the Depositor shall consult with their own advisors concerning such matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Underwriters shall have no responsibility or liability to GECC, the Depositor or the Company with respect thereto. Any review by the Underwriters of GECC, the Depositor, the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of GECC, the Depositor, the Company or any other party.

Appears in 3 contracts

Samples: Underwriting Agreement (GE Equipment Midticket LLC, Series 2012-1), Underwriting Agreement (GE Equipment Transportation LLC, Series 2013-1), Underwriting Agreement (GE Equipment Midticket LLC, Series 2011-1)

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Nature of Underwriters’ Services. Each of GECC GECC, the Company and the Depositor acknowledge and agree that the Underwriters are acting solely in the capacity of arm's length contractual counterparties to GECC GECC, the Company and the Depositor with respect to the offering of Notes contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, GECC, the Company the Depositor, the Company or any other person. Additionally, none of the Underwriters is advising GECC, the Depositor, the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. GECC and the Depositor shall consult with their own advisors concerning such matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Underwriters shall have no responsibility or liability to GECC, the Depositor or the Company with respect thereto. Any review by the Underwriters of GECC, the Depositor, the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of GECC, the Depositor, the Company or any other party.

Appears in 2 contracts

Samples: Underwriting Agreement (GE TF Trust), Underwriting Agreement (GE Equipment Transportation LLC, Series 2014-1)

Nature of Underwriters’ Services. Each of GECC GECC, the Company and the Depositor acknowledge and agree that the Underwriters are acting solely in the capacity of arm's length contractual counterparties to GECC GECC, the Company and the Depositor with respect to the offering of Notes contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, GECC, the Depositor, the Company or any other person. Additionally, none of the Underwriters is advising GECC, the Depositor, the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. GECC GECC, the Company and the Depositor shall consult with their own advisors concerning such matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Underwriters shall have no responsibility or liability to GECC, the Depositor or the Company with respect thereto. Any review by the Underwriters of GECC, the Depositor, the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of GECC, the Depositor, the Company or any other party.

Appears in 2 contracts

Samples: Underwriting Agreement (GE Equipment Midticket LLC, Series 2014-1), Underwriting Agreement (GE Equipment Midticket LLC, Series 2013-1)

Nature of Underwriters’ Services. Each of GECC GECCI and the Depositor acknowledge and agree that the Underwriters are acting solely in the capacity of arm's ’s length contractual counterparties to GECC GECCI and the Depositor with respect to the offering of Notes contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, GECCGECCI, the Depositor, the Company or any other person. Additionally, none of the Underwriters is advising GECCGECCI, the Depositor, the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. GECC GECCI and the Depositor shall consult with their own advisors concerning such matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Underwriters shall have no responsibility or liability to GECCGECCI, the Depositor or the Company with respect thereto. Any review by the Underwriters of GECCGECCI, the Depositor, the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of GECCGECCI, the Depositor, the Company or any other party.

Appears in 1 contract

Samples: Underwriting Agreement (GECB Equipment Funding, LLC)

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Nature of Underwriters’ Services. Each of GECC and the Depositor acknowledge and agree that the Underwriters are acting solely in the capacity of arm's ’s length contractual counterparties to GECC and the Depositor with respect to the offering of Notes contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, GECC, the Depositor, the Company or any other person. Additionally, none of the Underwriters is advising GECC, the Depositor, the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. GECC and the Depositor shall consult with their own advisors concerning such matters and shall be responsible for making their own independent investigation and appraisal of the transactions contemplated hereby, and the Underwriters shall have no responsibility or liability to GECC, the Depositor or the Company with respect thereto. Any review by the Underwriters of GECC, the Depositor, the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of GECC, the Depositor, the Company or any other party.

Appears in 1 contract

Samples: Underwriting Agreement (GE Equipment Transportation LLC, Series 2011-1)

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