Common use of COMPENSATION AND INDEMNITY OF ELIGIBLE LENDER TRUSTEE Clause in Contracts

COMPENSATION AND INDEMNITY OF ELIGIBLE LENDER TRUSTEE. 1. The Eligible Lender Trustee shall receive as compensation for its services hereunder such fees as have been separately agreed upon before the date hereof between the Trust and the Eligible Lender Trustee, and the Eligible Lender Trustee shall be entitled to be reimbursed by the Trust, to the extent provided in such separate agreement, for its other reasonable expenses hereunder. 2. The Depositor shall cause the Administrator to indemnify the Eligible Lender Trustee in its individual capacity and any of its officers, directors, employees and agents as and to the extent provided for in Section 4.2 of the Administration Agreement.

Appears in 4 contracts

Samples: Eligible Lender Trust Agreement (Navient Funding, LLC), Eligible Lender Trust Agreement (Navient Student Loan Trust 2015-3), Eligible Lender Trust Agreement (Navient Student Loan Trust 2015-2)

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