Common use of Indemnification by the Trustee Clause in Contracts

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 3 contracts

Sources: Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar6), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar8)

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Sponsor, the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to compliance, report or certification when and as required under Section 6.20 or Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 3 contracts

Sources: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff15), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff17), Trust Agreement (First Franklin Mortgage Loan Trust 2006-FFB)

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Sponsor, the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 3 contracts

Sources: Trust Agreement (Structured Asset Securities Corp 2006-S1), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff10), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff2)

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l) 6.01 or any failure by the Trustee to deliver any assessment of compliance pursuant to Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 2 contracts

Sources: Trust Agreement (Lehman XS Trust Series 2006-18n), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar5)

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Sponsor, the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to compliance, information, report or certification when and as required under Section 6.20 or Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 2 contracts

Sources: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff14), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff12)

Indemnification by the Trustee. The Trustee (including in its capacity as Paying Agent) agrees to indemnify the Sponsor, the Depositor and the Master Servicer, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 6.01(l6.01(k) or any the failure by the Trustee to deliver any assessment of compliance as required pursuant to Section 9.25(a). This indemnification shall survive the termination of this Agreement or the termination of the Trustee hereunder.

Appears in 1 contract

Sources: Trust Agreement (Lehman XS Trust 2006-3)