Examples of Servicer Indemnified Amounts in a sentence
The funds used to repay the Servicer Indemnified Amounts will not be derived from any unlawful activity.
Servicer Indemnified Amounts to the extent the same includes losses in respect of Receivables that are uncollectible on account of the insolvency, bankruptcy or lack of creditworthiness of the related Obligor; provided, however, that nothing contained in this sentence shall limit the liability of Servicer or limit the recourse of the Purchasers to Servicer for Collections received by the Servicer and required to be remitted by it under the terms of this Agreement.
Servicer Indemnified Amounts to the extent they resulted from an ac on brought by an Indemnified Party against any other Indemnified Party not involving the Borrower, the Master Servicer or any Originator.