No Assumption of Obligations Relating to Receivables, Related Transferred Assets or Contracts. The transfer, assignment, set over, grant and conveyance described in Section 2.1 does not constitute and is not intended to result in a creation or an assumption by the Trust, Trustee or any Investor Certificateholder of any obligation of Servicer, Transferor, the applicable Seller or any other Person in connection with the Receivables or the Related Transferred Assets or under the related Contracts or any other agreement or instrument relating thereto. None of Trustee, the Trust or any Investor Certificateholder shall have any obligation or liability to any Obligor.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (International Comfort Products Corp), Pooling and Servicing Agreement (Big Flower Press Holdings Inc), Pooling and Servicing Agreement (International Comfort Products Corp)
No Assumption of Obligations Relating to Receivables, Related Transferred Assets or Contracts. The transfer, assignment, set over, grant and conveyance described in Section 2.1 does not constitute and is not intended to result in a creation or an assumption by the Trust, Trustee or any Purchaser or Investor Certificateholder of any obligation of Servicer, Transferor, the applicable Seller or any other Person in connection with the Receivables or the Related Transferred Assets or under the related Contracts contracts or any other agreement or instrument relating thereto. None of Trustee, the Trust or any Purchaser or Investor Certificateholder shall have any obligation or liability to any ObligorObligor or other customer or client of a Seller.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriserve Food Distribution Inc /De/)
