Liability of Administrator; Indemnities. (a) The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement.
Liability of Administrator; Indemnities. The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement. The Administrator shall indemnify, defend and hold harmless the Issuer, the Certificateholders and the Noteholders and any of the officers, directors, employees and agents of the Issuer from and against any and all costs, expenses, losses, claims, damages and liabilities to the extent that such cost, expense, loss, claim, damage or liability arose out of, or was imposed upon any such Person through, the gross negligence, willful misfeasance or bad faith of the Administrator in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties hereunder or thereunder. The Administrator shall indemnify the Indenture Trustee in its individual capacity and any of its officers, directors, employees and agents against any and all loss, liability or expense (including attorneys' fees) incurred by it in connection with the performance of its duties under the Indenture and the other Basic Documents. The Indenture Trustee shall notify the Issuer and the Administrator promptly of any claim for which it may seek indemnity. Failure by the Indenture Trustee to so notify the Issuer and the Administrator shall not relieve the Issuer or the Administrator of its obligations hereunder and under the other Basic Documents. The Administrator shall defend the claim and the Administrator shall not be liable for the legal fees and expenses of the Indenture Trustee after it has assumed such defense; provided, however, that, in the event that there may be a conflict between the positions of the Indenture Trustee and the Administrator in conducting the defense of such claim, the Indenture Trustee shall be entitled to separate counsel the fees and expenses of which shall be paid by the Administrator on behalf of the Issuer. Neither the Issuer nor the Administrator need to reimburse any expense or indemnify against any loss, liability or expense incurred by the Indenture Trustee through the Indenture Trustee's own willful misconduct, negligence or bad faith. The Administrator shall indemnify the Trustee in its individual capacity and any of its officers, directors, employees and agents against any and all loss, liability, claims, damages, costs, penalties, taxes (excluding taxes payable by it on any compensation received by it for its services as trustee) or expense (including a...
Liability of Administrator; Indemnities. ..5 Section 6. Limitation on Liability of Administrator and Others.............7 Section 7. Administrator May Own Notes.....................................7 Section 8. Records.........................................................7 Section 9. Compensation....................................................7 Section 10. Additional Information to be Furnished..........................7 Section 11. Independence of the Administrator...............................7 Section 12.
Liability of Administrator; Indemnities. The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement. The Administrator shall indemnify, defend and hold harmless the Issuer, the Eligible Lender Trustee, the Indenture Trustee, the Servicer, any Swap Counterparties and the Noteholders and any of the officers, directors, employees and agents of the Issuer, the Eligible Lender Trustee, the Indenture Trustee and the Servicer from and against any and all costs, expenses, losses, claims, damages and liabilities to the extent that such cost, expense, loss, claim, damage or liability arose out of, or was imposed upon any such Person through, the negligence, willful misfeasance or bad faith of the Administrator in the performance of its duties under this Agreement or by reason of reckless disregard of its obligations and duties hereunder or thereunder.
Liability of Administrator; Indemnities. Section 4.3 Merger or Consolidation of, or Assumption of the Obligations of, Administrator
Liability of Administrator; Indemnities. 18 Section 4.3 Merger or Consolidation of, or Assumption of the Obligations of, Administrator................................20 Section 4.4 Limitation on Liability of Seller, Administrator and Others.......................................................20 Section 4.5 Administrator May Own Certificates or Notes...................21 Section 4.6 The Student Loan Corporation Not to Resign as Administrator................................................21
Liability of Administrator; Indemnities. The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement, the Supplemental Sale and Servicing Agreement or the Administration Agreement. The Administrator shall indemnify, defend and hold harmless the Issuer, the Eligible Lender Trustee, the Indenture Trustee, the Servicers, the holders of Certificates and the holders of Notes and any of the officers, directors, employees and agents of the Issuer, the Eligible Lender Trustee, the Indenture Trustee and the Servicers from and against any and all costs, expenses, losses, claims, damages and liabilities to the extent that such cost, expense, loss, claim, damage or liability arose out of, or was imposed upon any such Person through, the negligence, willful misfeasance or bad faith of the Administrator in the performance of its duties under this Agreement, the Supplemental Sale and Servicing Agreement or the Administration Agreement or by reason of reckless disregard of its obligations and duties hereunder or thereunder.
Liability of Administrator; Indemnities. 24 Section 4.3 Merger or Consolidation of, or Assumption of the 26 Section 4.4 Limitation on Liability of Administrator and Others 27
Liability of Administrator; Indemnities. SECTION 5.04. Merger or Consolidation of, or Assumption of the Obligations of, Administrator............................... SECTION 5.05. Limitation on Liability of Seller, Administrator and Others.................................... SECTION 5.06. First Union Not to Resign as Administrator..................
Liability of Administrator; Indemnities. 164 Section 10.6. Liability of Servicer; Indemnities. 166 Section 10.7. Merger or Consolidation, or Assumption of the Obligations, of the Administrator or the Servicer. 168 Section 10.8. Appointment of a Sub-Administrator. 169 Article XI The Indenture Trustee 169
