Indemnity for Liability Claims. 23 Section 6.04 Liabilities...................................................................................23 Section 6.05 [Reserved.]...................................................................................23 Section 6.06 Annual Statement as to Compliance.............................................................23 Section 6.07 Payment of Principal and Interest.............................................................23 Section 6.08 Maintenance of Office or Agency...............................................................24 Section 6.09 Money for Payments to be Held in Trust........................................................24 Section 6.10 Existence.....................................................................................25 Section 6.11 Protection of Trust Property..................................................................26 Section 6.12 Performance of Obligations; Servicing of Receivables..........................................26 Section 6.13
Indemnity for Liability Claims. The Residual Holders, on behalf of the Trust, shall be deemed to have agreed to indemnify, defend and hold harmless the Indenture Trustee (which shall include any of its directors, employees, officers and agents), the Owner Trustee (which shall include any of its directors, employees, officers and agents), the Noteholders and the Note Insurer against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, repossession or operation of the Equipment to the extent not covered by the Servicer's indemnity provided by Section 5.01 of the Servicing Agreement; provided, however, that such amounts shall be payable solely from amounts payable to the Residual Holders pursuant to Section 3.04(b)(xvi) hereof.
Indemnity for Liability Claims. The Trust Certificate Holder on behalf of the Trust shall be deemed to have agreed to indemnify, defend and hold harmless the Indenture Trustee (which shall include any of its directors, employees, officers and agents), the Owner Trustee (which shall include any of its directors, employees, officers and agents), the Noteholders against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, repossession or operation of the Equipment to the extent not covered by the Servicer's indemnity provided by Section 5.01 of the Servicing Agreement; provided, however, that such amounts shall be payable solely from amounts payable to the Trust Certificate Holder pursuant to Section 3.05(b)(xviii) hereof.
Indemnity for Liability Claims. The Issuers shall, jointly and severally, indemnify, defend and hold harmless the Indenture Trustee (which shall include any of its directors, employees, officers and agents) and the Noteholders against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, repossession or operation of the Equipment to the extent not paid by the Servicer pursuant to Section 5.01 of the Servicing Agreement; PROVIDED, HOWEVER, that such amounts shall be payable solely from amounts payable to the Issuers pursuant to Section 3.04(b)(I)(xxv) hereof and is otherwise non-recourse to the Issuers.
Indemnity for Liability Claims. 22 Section 6.04 Liabilities...........................................................................22 Section 6.05 [Reserved.]...........................................................................22 Section 6.06 Annual Statement as to Compliance.....................................................22 Section 6.07 Payment of Principal and Interest.....................................................23 Section 6.08 Maintenance of Office or Agency.......................................................23 Section 6.09 Money for Payments to be Held in Trust................................................23 Section 6.10 Existence.............................................................................24 Section 6.11 Protection of Pledged Property........................................................24 Section 6.12 Performance of Obligations; Servicing of Receivables..................................25 Section 6.13 Negative Covenants....................................................................26 Section 6.14 Trust May Consolidate, Etc. Only on Certain Terms.....................................26 Section 6.15 Successor or Transferee...............................................................28 Section 6.16 No Other Business.....................................................................28 Section 6.17 No Borrowing..........................................................................28 Section 6.18 Guarantees, Loans, Advances and Other Liabilities.....................................28 Section 6.19 Capital Expenditures..................................................................28 Section 6.20
Indemnity for Liability Claims. The Holder of the Trust Certificate on behalf of the Trust shall indemnify, defend and hold harmless the Trustee (which shall include any of its directors, employees, officers and agents), the Trust, the Certificateholders, the Certificate Insurer, the Depositor and First Sierra against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, repossession or operation of the Equipment to the extent not covered by the Servicer's indemnity provided by Section 9.01 hereof.
Indemnity for Liability Claims. The Seller hereby agrees to indemnify, defend and hold harmless the Back-up Servicer (which shall include any of its directors, members, managers, employees, officers and agents) (in its role as Back-up Servicer hereunder and as successor Servicer under the LRPA ) against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from this Agreement, the Sale Agreement, the LRPA and the ING Purchase Agreement to the extent not paid by the Servicer pursuant to the LRPA. The Back-up Servicer shall not be entitled to any indemnification for any cost, expense, loss, damage or liability arising out of or resulting from the willful misconduct or gross negligence of the Back-up Servicer or its directors, members, managers, employees, officers or agents. Indemnification under this Section 3.04 shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation reasonably incurred.
Indemnity for Liability Claims. 74 Section 9.10. Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 Section 9.11. General Limitation of Liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
Indemnity for Liability Claims. The Transferors on behalf of the Issuer shall indemnify, defend and hold harmless the Indenture Trustee, the Back-up Servicer (which, in each case, shall include any of their respective directors, employees, officers and agents), the Noteholders and the Note Insurer against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from the use, repossession or operation of the Equipment to the extent not covered by the Servicer's indemnity provided by Section 5.01 hereof.
Indemnity for Liability Claims. The Issuers shall jointly and severally indemnify, defend and hold harmless the Back-up Servicer (which shall include any of its directors, members, managers, employees, officers and agents) against and from any and all costs, expenses, losses, damages, claims and liabilities arising out of or resulting from this Agreement (in its role as Back-up Servicer and as successor Servicer hereunder) to the extent not paid by the Servicer pursuant to Section 5.01 of this Agreement. Such amounts shall be paid solely from amounts on deposit in the Collection Account pursuant to Section 3.04(b)(I)(ii) of the Indenture and is otherwise non-recourse to the Issuers; provided, that the Back-up Servicer shall not be entitled to any indemnification for any cost, expense, loss, damage or liability arising out of or resulting from the willful misconduct or gross negligence of the Back-up Servicer or its directors, employees, officers or agents.
