Common use of Servicer's Liability Clause in Contracts

Servicer's Liability. NO LIABILITY 5.1 The Servicer is not liable for any loss suffered by a Secured Creditor or a Unitholder except to the extent that such loss may be caused by: (a) a breach by the Servicer of its obligations under this agreement or the relevant Supplemental Deed in respect of the Relevant Trust; or (b) an act or omission by any delegate of the Servicer appointed in connection with clause 2.13 or 2.14 of this agreement.

Servicer's Liability. NO LIABILITYNo liability 5.1 The Servicer is not liable for any loss suffered by a Secured Creditor or a Unitholder except to the extent that such loss may be caused by: (a) a breach by the Servicer of its obligations under this agreement or the relevant Supplemental Deed in respect of the Relevant Trust; or (b) an act or omission by any delegate of the Servicer appointed in connection with clause 2.13 or 2.14 of this agreement.