Servicer Indemnified Party definition

Servicer Indemnified Party. As defined in Section 8.05(c) of this Agreement.

Servicer Indemnified Party has the meaning set forth in Section 13.02(a).

Servicer Indemnified Party has the meaning specified in Section 8.3(a).

Examples of Servicer Indemnified Party in a sentence

• Each Servicer Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with the Servicer Indemnifying Party in the defense of any such action or claim.

• If any Servicer Indemnified Party is entitled to receive indemnification hereunder with respect to any such action or proceeding brought by a third party, the Issuer shall be entitled to assume the defense of any such action or proceeding with counsel reasonably satisfactory to such Servicer Indemnified Party who shall not, except with the consent of such Servicer Indemnified Party, be counsel to the Issuer.

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• The Issuer shall not consent to the terms of any compromise or settlement of any action defended by the Issuer in accordance with the foregoing without the prior consent of the Servicer Indemnified Party.

• Owner shall have no obligation to indemnify, defend or hold any Servicer Indemnified Party harmless in the event that any Losses result from the negligent or wrongful acts or omissions of such person or its agents or employees.

More Definitions of Servicer Indemnified Party

Servicer Indemnified Party. As defined in Section 6.2. --------------------------

Servicer Indemnified Party has the meaning set forth in Section 13.02(a). “Servicing Fee” means the fee referred to in Section 9.06(a) of this Agreement.

Servicer Indemnified Party shall have the meaning in Section 6(c).

Servicer Indemnified Party has the meaning assigned to such term in Section 14.06(b).

Servicer Indemnified Party. As defined in Section 8.05(c).

Servicer Indemnified Party has the meaning set forth in Section 13.02(a). governing body of such entity are at the time owned, or management of which is otherwise controlled, or both: (a) by such Person, (b) by one or more Subsidiaries of such Person or (c) by such Person and one or more Subsidiaries of such Person.

Servicer Indemnified Party has the meaning set forth in Section 11.03. “Servicing Fee” means the fee referred to in Section 8.06(a). “Servicing Fee Rate” means 1.00% per annum. “Settlement Date” means (i) so long as no Event of Default has occurred and is continuing and the Termination Date has not occurred, each Monthly Settlement Date and (ii) on and after the Termination Date or if an Event of Default has occurred and is continuing, each day selected from time to time by the Administrative Agent (it being understood that the Administrative Agent may select such Settlement Date to occur as frequently as daily), or, in the absence of such selection, the Monthly Settlement Date.