Liability of Current Issuer Cash Manager. (a) The Current Issuer Cash Manager shall indemnify each of the Current Issuer and the Note Trustee on demand for any loss, liability, claim, expense or damage suffered or incurred by it in respect of the negligence, bad faith or wilful default of the Current Issuer Cash Manager in carrying out its functions as Current Issuer Cash Manager under, or as a result of a breach by the Current Issuer Cash Manager of, the terms and provisions of this Agreement or such other Transaction Documents to which the Current Issuer Cash Manager is a party (in its capacity as such) in relation to such functions.
Appears in 15 contracts
Samples: Management Agreement (Granite Mortgages 03-3 PLC), Management Agreement (Granite Mortgages 03-3 PLC), Management Agreement (Granite Mortgages 02-2 PLC)
