Common use of Limitations on Duties Clause in Contracts

Limitations on Duties. The Custodian undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. The Custodian shall not have any duties or responsibilities except those expressly set forth in this Agreement or be a trustee for or have any fiduciary obligation to any party hereto.

Appears in 2 contracts

Sources: Sale and Servicing Agreement, Sale and Servicing Agreement (DriveTime Automotive, Inc.)

Limitations on Duties. The Custodian undertakes to perform such duties and only such duties as are specifically set forth in this Custodial Agreement. The Custodian shall not have any duties or responsibilities except those expressly set forth in this Custodial Agreement or be a trustee for or have any fiduciary obligation to any party hereto.

Appears in 1 contract

Sources: Custodial Agreement (Ugly Duckling Corp)