Successor Servicer Indemnification Sample Clauses

Successor Servicer Indemnification. The Servicer shall defend, indemnify and hold the Successor Servicer and any officers, directors, employees or agents of the Successor Servicer harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, fees, and expenses that the Successor Servicer may sustain in connection with the claims asserted at any time by third parties against the Successor Servicer which result from (i) any willful or grossly negligent act taken or omission by the Servicer or (ii) a breach of any representations of the Servicer in Section 3.02 hereof. The indemnification provided by this Section 8.08 shall survive the termination of this Agreement.
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Successor Servicer Indemnification. The departing Servicer shall defend, indemnify and hold the Successor Servicer and any officers, directors, employees or agents of the Successor Servicer harmless against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments and any other costs, fees, and expenses that the Successor Servicer may sustain in connection with the claims asserted at any time by third parties against the Successor Servicer which result from (i) any willful or grossly negligent act taken or omission by the departing Servicer or (ii) a breach of any representations of the departing Servicer in Section 3.02. The indemnification provided by this Section 8.07 shall survive (a) a Servicing Transfer and/or (b) the termination of this Agreement.
Successor Servicer Indemnification. 81 Section 8.08 Responsibilities of the Successor Servicer.................................................81 Section 8.09 Servicer Not to Resign.....................................................................82
Successor Servicer Indemnification. Section 8.09.
Successor Servicer Indemnification. 76 Section 8.08. Responsibilities of the Successor Servicer......................................... 76 Section 8.09. Rating Agency Condition for Servicer Transfer...................................... 77
Successor Servicer Indemnification. The original Servicer shall defend, indemnify and hold the Successor Servicer and any officers, directors, employees or agents of the Successor Servicer harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, fees, and expenses that the Successor Servicer may sustain in connection with the claims asserted at any time by third parties against the Successor Servicer which result from (i) any willful or grossly negligent act taken or omission by the Servicer or (ii) a breach of any representations of the Servicer in Section 3.02. Notwithstanding anything to the contrary, the indemnification provided by this Section 8.07 shall survive (a) a Service Transfer and/or (b) the termination of this Agreement.
Successor Servicer Indemnification. 47 ARTICLE VIII.....................................................................................................50
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Successor Servicer Indemnification. 78 Section 8.08 Responsibilities of the Successor Servicer.................................................78 Section 8.09 Servicer Not to Resign.....................................................................79
Successor Servicer Indemnification. Section 8.08 Responsibilities of the Successor Servicer. Section 8.09 Rating Agency Condition for Servicer Transfer.

Related to Successor Servicer Indemnification

  • Successor Indemnification If the Company or any of its successors or assignees consolidates with or merges into any other Person and is not the continuing or surviving corporation or entity of such consolidation or merger, then to the extent necessary, proper provision shall be made so that the successors and assignees of the Company assume the obligations of the Company with respect to indemnification of members of the Board of Directors as in effect immediately before such transaction, whether such obligations are contained in the Company’s Bylaws, its Certificate of Incorporation, or elsewhere, as the case may be.

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