Common use of Indemnification of Trustee and Securities Administrator Clause in Contracts

Indemnification of Trustee and Securities Administrator. The Trustee and the Securities Administrator and its directors, officers, employees and agents shall be entitled to indemnification from the Trust Fund for any loss, liability or expense incurred (including, without limitation, the fees and expenses of its counsel and agents) without negligence or willful misconduct on their part, arising out of, or in connection with, the acceptance or administration of the trusts created hereunder or in connection with the performance of the its duties hereunder or under the Mortgage Loan Sale Agreement or any Servicing Agreement, including any applicable fees and expenses payable pursuant to Section 6.12 and the costs and expenses of defending themselves against any claim in connection with the exercise or performance of any of their powers or duties hereunder, provided that:

Indemnification of Trustee and Securities Administrator. The Trustee and the Securities Administrator and its their respective directors, officers, employees and agents shall be entitled to indemnification from the Trust Fund for any loss, liability or expense incurred (including, without limitation, the fees and expenses of its counsel and agents) in connection with any legal proceeding or incurred without negligence or willful misconduct on their part, arising out of, or in connection with, the acceptance or administration of the trusts created hereunder or in connection with the performance of the its their duties hereunder or under the any Mortgage Loan Sale Agreement, any Transfer Agreement, any Servicing Agreement or any Servicing Custodial Agreement, including any applicable fees and expenses payable pursuant to Section 6.12 and the costs and expenses of defending themselves against any claim in connection with the exercise or performance of any of their powers or duties hereunder, provided that: