Common use of Indemnities of Servicer Clause in Contracts

Indemnities of Servicer. 48 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS

Indemnities of Servicer. 48 37 Section 6.03. Merger7.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ......................38 Section 6.04. 7.04 Limitation on Liability of Servicer and Others.............................................48 38 Section 6.05. AHFC 7.05 DCS Not to To Resign as Servicer.............................................................49 ..............................................................39 ARTICLE SEVEN SERVICER DEFAULTSVIII Default

Indemnities of Servicer. 48 Section 6.03. Merger27 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................28 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS28 SECTION 6.5

Indemnities of Servicer. 48 13 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ........................... 13 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS................................................................. 14

Indemnities of Servicer. 48 Section 6.0328 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.................30 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS........31

Indemnities of Servicer. 48 Section 6.03. Merger23 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. of, Servicer ......................................................................................... 25 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.................................. 25

Indemnities of Servicer. 48 16 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Limitation on Liability of Servicer and Others.............................................48 ..............................18 Section 6.056.04. AHFC Not to Resign as Merger or Consolidation of, or Assumption of the Obligations of, Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...18

Indemnities of Servicer. 48 Section 6.0338 SECTION 7.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04............................39 SECTION 7.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05......39 SECTION 7.05. AHFC CFC Not to To Resign as Servicer.............................................................49 .......................40 ARTICLE SEVEN SERVICER DEFAULTSVIII Default

Indemnities of Servicer. 48 Section 6.0366 8.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer or Standby Servicer.........................48 Section 6.04...................................... 67 8.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05........................................ 68 8.5. AHFC Servicer and Standby Servicer Not to Resign as Servicer.............................................................49 Resign........................................ 69 ARTICLE SEVEN SERVICER DEFAULTSIX

Indemnities of Servicer. 48 47 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS

Indemnities of Servicer. 48 Section 6.03. Merger19 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................20 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS20 SECTION 6.5 Subservicing and Delegation of Duties......................................................21

Indemnities of Servicer. 48 Section 6.03. Merger19 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ................................... 20 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............. 20 SECTION 6.5

Indemnities of Servicer. 48 Section 6.03. Merger29 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ......................................30 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............30 SECTION 6.5

Indemnities of Servicer. 48 16 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Limitation on Liability of Servicer and Others.............................................48 .............................. 18 Section 6.056.04. AHFC Not to Resign as Merger or Consolidation of, or Assumption of the Obligations of, Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS... 18

Indemnities of Servicer. 48 Section 6.03. Merger39 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ......................................................41 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS................................41 SECTION 7.5

Indemnities of Servicer. 48 Section 6.0337 SECTION 7.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.................................. 37 SECTION 7.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05............ 38 SECTION 7.05. AHFC CFC Not to To Resign as Servicer.............................................................49 ............................. 38 ARTICLE SEVEN SERVICER DEFAULTSVIII Default

Indemnities of Servicer. 48 41 Section 6.03. Merger8.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ..........................41 Section 6.04. 8.04 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 .....................................................42 ARTICLE SEVEN SERVICER DEFAULTSIX.

Indemnities of Servicer. 48 Section 6.03SECTION 17.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04................................................................ SECTION 17.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.....................................................

Indemnities of Servicer. 48 Section 6.03. Merger26 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ..................................................27 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............28 SECTION 6.5

Indemnities of Servicer. 48 Section 6.0369 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.......................................70 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.........................................71 SECTION 7.5. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSTo Resign.............................72

Indemnities of Servicer. 48 53 Section 6.038.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ............54 Section 6.048.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.................................54

Indemnities of Servicer. 48 Section 6.03. Merger39 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ................................................. 40 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............................................... 41 SECTION 7.5

Indemnities of Servicer. 48 43 Section 6.03. Merger8.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .........43 Section 6.04. 8.04 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ....................................44 ARTICLE SEVEN SERVICER DEFAULTSIX Default...............................................................................44

Indemnities of Servicer. 48 16 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 of, Servicer ................................... 17 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 ......................... 18 Section 6.05. AHFC 4.5 Sallie Mae Servicing L.P. Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSServicer ......... 19

Indemnities of Servicer. 48 Section 6.0339 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04...................41 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.......41 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign...............................42 SECTION 13.06. Delegation of Duties.................................42

Indemnities of Servicer. 48 Section 6.0346 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................Servicer ......................48 Section 6.04SECTION 13.04. Limitation on Liability of Servicer and Others.............................................Others ...........48 Section 6.05SECTION 13.05. AHFC Servicer Not to Resign as Servicer................................................................................................49 ARTICLE SEVEN SERVICER DEFAULTSSECTION 13.06.

Indemnities of Servicer. 48 Section 6.03. Merger26 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ......................................28 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............28 SECTION 6.5

Indemnities of Servicer. 48 Section 6.03. Merger34 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ..........35 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.....................................36 SECTION 7.5

Indemnities of Servicer. 48 Section 6.03. Merger27 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. .....................................28 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............28 SECTION 6.5

Indemnities of Servicer. 48 16 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ................. 17 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 Servicer....................................................... 18 Section 6.05. AHFC 4.5 Xxxxxx Xxx Servicing L.P. Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS....................................... 19

Indemnities of Servicer. 48 37 Section 6.037.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .................38 Section 6.047.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............................................39

Indemnities of Servicer. 48 38 Section 6.037.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .................39 Section 6.047.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............................................40

Indemnities of Servicer. 48 Section 6.03. Merger56 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ........................... 57 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS..... 58 SECTION 7.5

Indemnities of Servicer. 48 Section 6.0349 SECTION 8.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04of, Servicer or Back-up Servicer ............ 51 SECTION 8.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05Others ............ 52 SECTION 8.5. AHFC Servicer and Back-up Servicer Not to Resign as Servicer.............................................................49 ............... 52 ARTICLE SEVEN IX SERVICER DEFAULTSTERMINATION EVENTS ...................................... 53

Indemnities of Servicer. 48 13 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ...........................13 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 .................................................................14 ARTICLE SEVEN SERVICER DEFAULTSV

Indemnities of Servicer. 48 13 Section 6.035.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 .........14 Section 6.045.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...................................14

Indemnities of Servicer. 48 Section 6.0330 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04................................31 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS..........32

Indemnities of Servicer. 48 Section 6.03. Merger29 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................30 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS30 SECTION 6.5

Indemnities of Servicer. 48 Section 6.0332 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.............................33 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.........33

Indemnities of Servicer. 48 Section 6.03. Merger43 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. .........................................................................45 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.......................................................................46 SECTION 7.5

Indemnities of Servicer. 48 Section 6.03. Merger26 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. .....................................27 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............28 SECTION 6.5

Indemnities of Servicer. 48 Section 6.0340 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04............42 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.......42 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign...............................43 SECTION 13.06.

Indemnities of Servicer. 48 16 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 of, Servicer ....................................... 17 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 ............................ 18 Section 6.05. AHFC 4.5 Xxxxxx Xxx Servicing L.P. Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSServicer ............ 19

Indemnities of Servicer. 48 Section 6.0342 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04..................................43 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05..............43 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign......................................44 SECTION 13.06.

Indemnities of Servicer. 48 Section 6.0331 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04..................................32 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............33

Indemnities of Servicer. 48 Section 6.0330 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04..................................31 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............32

Indemnities of Servicer. 48 Section 6.03SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04of, Servicer SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS

Indemnities of Servicer. 48 Section 6.036.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer...........................................48 Section 6.046.4. Limitation on Liability of Servicer and Others.............................................48 49 Section 6.056.5. AHFC Chevy Chase Bank, F.S.B. Not to To Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.........................................49

Indemnities of Servicer. 48 Section 6.0330 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.............................31 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.......32

Indemnities of Servicer. 48 15 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ..............................Limitation on Liability of Servicer and Others.............................................48 Others 17 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS6.04...Merger or Consolidation of, or Assumption of the Obligations of, Servicer 18

Indemnities of Servicer. 48 Section 6.0349 SECTION 8.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer or Back-up Servicer.........................48 Section 6.04...... 51 SECTION 8.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05....... 52 SECTION 8.5. AHFC Servicer and Back-up Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign.......... 52

Indemnities of Servicer. 48 Section 6.03. Merger26 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Servicer .....................................28 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............28 SECTION 6.5

Indemnities of Servicer. 48 41 Section 6.037.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .................................42 Section 6.047.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...........42 TABLE OF CONTENTS (continued) Page

Indemnities of Servicer. 48 Section 6.03. Merger28 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................29 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS29 SECTION 6.5

Indemnities of Servicer. 48 39 Section 6.03. Merger8.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ...................................40 Section 6.04. 8.04 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.....40

Indemnities of Servicer. 48 Section 6.0341 SECTION 7.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04of, Servicer .................. 43 SECTION 7.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05Others ...................................................... 43 SECTION 7.05. AHFC NAL Not to To Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSServicer ............................... 44 SECTION 7.06.

Indemnities of Servicer. 48 35 Section 6.03. Merger7.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .....................................36 Section 6.04. 7.04 Limitation on Liability of Servicer and Others.............................................48 ..................37 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS7.05

Indemnities of Servicer. 48 Section 6.03. Merger38 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. .....................................................................40 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............................41 SECTION 6.5

Indemnities of Servicer. 48 34 Section 6.03. Merger7.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ........35 Section 6.04. 7.04 Limitation on Liability of Servicer and Others.............................................48 ...................................36 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS7.05

Indemnities of Servicer. 48 Section 6.0340 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04........................42 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05..........42 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign..................................43 SECTION 13.06.

Indemnities of Servicer. 48 Section 6.0328 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04............................. 30 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS....... 30

Indemnities of Servicer. 48 Section 6.03. Merger37 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. .................................................................................39 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS39 SECTION 7.5

Indemnities of Servicer. 48 41 Section 6.037.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 .................42 Section 6.047.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............................................42 TABLE OF CONTENTS (CONTINUED)

Indemnities of Servicer. 48 Section 6.0371 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04...............................72 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.................................73 SECTION 7.5. AHFC Servicer Not to Resign as Servicer.............................................................49 To Resign.....................73 ARTICLE SEVEN SERVICER DEFAULTSVIII

Indemnities of Servicer. 48 Section 6.03. Merger29 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ................30 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS..........................................30 SECTION 6.5

Indemnities of Servicer. 48 Section 6.03. Merger29 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................30 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS31 SECTION 6.5

Indemnities of Servicer. 48 63 Section 6.03. Merger8.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 of, Servicer or Backup Servicer .................................... 64 Section 6.04. 8.4 Limitation on Liability of Servicer and Others.............................................48 Others ................. 65 Section 6.05. AHFC 8.5 Servicer and Backup Servicer Not to Resign as Servicer.............................................................49 ..................... 65 ARTICLE SEVEN SERVICER DEFAULTSIX DEFAULT Section 9.1

Indemnities of Servicer. 48 40 Section 6.038.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ...................................41 Section 6.048.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.............41

Indemnities of Servicer. 48 Section 6.03. Merger45 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ...................................................47 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS..................47 SECTION 6.5

Indemnities of Servicer. 48 Section 6.0347 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer........................................... 48 Section 6.04SECTION 13.04. Limitation on Liability of Servicer and Others....................................................................................... 48 Section 6.05SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................Resign.......................... 49 ARTICLE SEVEN SERVICER DEFAULTSSECTION 13.06.

Indemnities of Servicer. 48 Section 6.0340 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04...............................41 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05............................ 42 SECTION 7.5. AHFC Servicer Not to Resign as Servicer.............................................................49 To Resign................ 42 ARTICLE SEVEN SERVICER DEFAULTSVIII Default

Indemnities of Servicer. 48 36 Section 6.03. Merger7.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ..................................37 Section 6.04. 7.04 Limitation on Liability of Servicer and Others.............................................48 ...............37 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS7.05

Indemnities of Servicer. 48 Section 6.03. Merger22 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. Servicer ......................................................23 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Others ................24 SECTION 6.5 Subservicing and Delegation of Duties .........................25 SECTION 6.6 Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSServicer ............................25 SECTION 6.7 Servicer May Own Notes or Certificates ........................25

Indemnities of Servicer. 48 Section 6.0345 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................of, Servicer .............................................. 48 Section 6.04SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................Others ....................................... 49 ARTICLE SEVEN SERVICER DEFAULTSSECTION 7.5.

Indemnities of Servicer. 48 14 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS..................................................................14

Indemnities of Servicer. 48 Section 6.0372 SECTION 7.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04; Resignation ............... 74 SECTION 7.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSOthers ......... 74 SECTION 7.05.

Indemnities of Servicer. 48 Section 6.03. Merger39 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ......................................................41 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS................................42 SECTION 7.5

Indemnities of Servicer. 48 Section 6.0340 SECTION 8.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04........................................................... 41 SECTION 8.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ..................... 42 ARTICLE SEVEN SERVICER DEFAULTSIX

Indemnities of Servicer. 48 Section 6.03. Merger37 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. .............................................39 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............................40 SECTION 7.5

Indemnities of Servicer. 48 Section 6.03. Merger20 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................21 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS21 SECTION 6.5 Subservicing and Delegation of Duties......................................................22

Indemnities of Servicer. 48 Section 6.0332 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04.................................34 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05...........35 SECTION 7.5. AHFC Case Credit Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS....................35 SECTION 7.6. Servicer to Act as Administrator.........................36

Indemnities of Servicer. 48 Section 6.03. Merger28 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. .....................................29 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............29 SECTION 6.5

Indemnities of Servicer. 48 Section 6.03. Merger39 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ..............................................40 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...............................41 SECTION 7.5

Indemnities of Servicer. 48 Section 6.03. Merger21 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. ..............................23 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS...........23 SECTION 6.5

Indemnities of Servicer. 48 Section 6.03. Merger17 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ............................... 18 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS............ 18 SECTION 6.5 Subservicing and Delegation of Duties..................... 19

Indemnities of Servicer. 48 Section 6.0329 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04............................30 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.......31

Indemnities of Servicer. 48 Section 6.0350 SECTION 8.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer or Back-up Servicer.........................48 Section 6.04....................................................................52 SECTION 8.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS53

Indemnities of Servicer. 48 Section 6.0337 SECTION 7.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04............................ 38 SECTION 7.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05...... 39 SECTION 7.05. AHFC CFC Not to To Resign as Servicer.............................................................49 ....................... 39 ARTICLE SEVEN SERVICER DEFAULTSVIII Default

Indemnities of Servicer. 48 Section 6.03SECTION 8.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer or Back-up Servicer.........................48 Section 6.04......................... 50 SECTION 8.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.............. 51 SECTION 8.5. AHFC Servicer and Back-up Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign................. 52

Indemnities of Servicer. 48 Section 6.0342 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04Servicer ............. 43 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSOthers .................................. 44

Indemnities of Servicer. 48 Section 6.0344 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04...........45 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.......45 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign...............................46 SECTION 13.06.

Indemnities of Servicer. 48 16 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 of, Servicer .............................. 17 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS......................... 17

Indemnities of Servicer. 48 14 Section 6.03. Merger4.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 of, Servicer .............. 15 Section 6.04. 4.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.................................................... 15

Indemnities of Servicer. 48 Section 6.0337 SECTION 7.3. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04............................ 39 SECTION 7.4. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS....... 39

Indemnities of Servicer. 48 63 Section 6.03. Merger8.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer or Backup Servicer.........................48 .............. 64 Section 6.04. 8.4 Limitation on Liability of Servicer and Others.............................................48 ............. 65 Section 6.05. AHFC 8.5 Servicer and Backup Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign................. 65

Indemnities of Servicer. 48 Section 6.0336 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04..................37 SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS.......38

Indemnities of Servicer. 48 Section 6.0336 SECTION 13.03. MergerMerger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04.....................37 -ii- SECTION 13.04. Limitation on Liability of Servicer and Others.............................................48 Section 6.05.......38 SECTION 13.05. AHFC Servicer Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTSResign...............................38 SECTION 13.06. Delegation of Duties.................................38

Indemnities of Servicer. 48 Section 6.03. Merger37 SECTION 7.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 Section 6.04. .............................................................................39 SECTION 7.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS39 SECTION 7.5

Indemnities of Servicer. 48 36 Section 6.03. Merger7.03 Merger or Consolidation of, Consolidation or Assumption of the Obligations of of, Servicer.........................48 ...................................................................37 Section 6.04. 7.04 Limitation on Liability of Servicer and Others.............................................48 .............................38 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS7.05

Indemnities of Servicer. 48 Section 6.03. Merger28 SECTION 6.3 Merger or Consolidation of, Consolidation or Assumption of the Obligations of Servicer.........................48 Section 6.04. ...................30 SECTION 6.4 Limitation on Liability of Servicer and Others.............................................48 Section 6.05. AHFC Not to Resign as Servicer.............................................................49 ARTICLE SEVEN SERVICER DEFAULTS30 SECTION 6.5