Common use of Acknowledgment of Parties; Security Insurer Defense Costs Clause in Contracts

Acknowledgment of Parties; Security Insurer Defense Costs. Each of the Issuer, Seller, Franklin Capital (in its individual capacity and as Servicer) and Franklin Resources (in its individual capacity and as Representative) acknowledge Section 4.6 of the Trust Agreement, and agree that the Trust shall reimburse the Security Insurer for all Security Insurer Defense Costs pursuant to Section 5.6(a) hereof.

Acknowledgment of Parties; Security Insurer Defense Costs. Each of the Issuer, Seller, Franklin Capital (in its individual capacity and as Servicer) and Franklin Resources (in its individual capacity and as Representative) acknowledge Section 4.6 of the Trust Agreement, and agree that the Trust shall reimburse the Security Insurer for all Security Insurer Defense Costs pursuant to Section 5.6(a) hereof.. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]