Common use of Indemnification Agreement in lieu of Repurchase Clause in Contracts

Indemnification Agreement in lieu of Repurchase. At UHMC' s sole option and in lieu of repurchasing the related Loan subject to a Repurchase Obligation, UHMC may require the TPO to enter into a written indemnification agreement in a form acceptable to UHMC (the "Indemnification Agreement") which requires the TPO to indemnify UHMC, including, without limitation, reimbursing UHMC for any losses incurred by UHMC as a result of such Repurchase Obligation with respect to the related Loan.

Appears in 11 contracts

Samples: Third Party Origination Agreement, Third Party Origination Agreement, Third Party Origination Agreement

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