Common use of Cooperation by the Indemnified Party Clause in Contracts

Cooperation by the Indemnified Party. The Indemnified Party shall reasonably cooperate with and assist the Indemnifying Party in determining the validity of any claim for indemnity by the Indemnified Party and in defending against a Third-Party Claim. In connection with any fact, matter, event or circumstance that may give rise to a claim against any Indemnifying Party under this Agreement, the Indemnified Party shall ensure that each relevant member of the Indemnified Party’s Group: (i) shall preserve all material evidence relevant to the claim to the extent within the control of the Indemnified Party’s Group, (ii) shall allow the Indemnifying Party to investigate the fact, matter, event or circumstance alleged to give rise to such claim and whether and to what extent any amount is payable in respect of such claim, and (iii) shall (at the Indemnified Party’s expense) disclose to the Indemnifying Party all material of which it is aware which relates to the claim and provide, and procure that any other relevant members of the Indemnified Party’s Group shall provide (at the Indemnified Party’s expense), all such information and assistance, including reasonable access to premises and personnel, and the right to examine and copy or photograph any assets, accounts, documents and records, as the Indemnifying Party may reasonably request, subject to the Indemnifying Party agreeing in such form as the Indemnified Party may reasonably require to keep all such information confidential and to use it only for the purpose of investigating and defending the claim in question; provided that the foregoing shall not require the Indemnified Party to disclose any documents or information that may be reasonably expected to result in a violation of applicable Law or the loss or waiver of any attorney-client, work product or similar legal privilege; provided further that the Indemnified Party and the Indemnifying Party shall work in good faith to put in place appropriate substitute disclosure arrangements to permit such disclosure without such violation, loss or waiver.

Appears in 373 contracts

Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Sequoia Mortgage Trust 2013-7)

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Cooperation by the Indemnified Party. The Indemnified Party Party’s Representative shall reasonably cooperate with and assist the Indemnifying Party in determining the validity of any claim for indemnity by the Indemnified Party and Party’s Representative in defending against a Third-Third Party Claim. In connection with any fact, matter, event or circumstance that may give rise to a claim against any Indemnifying Party under this Agreement, the Indemnified Party Party’s Representative shall use its commercially reasonable efforts to ensure that each relevant member of the Indemnified Party’s Group: (i) shall preserve all material evidence relevant to the claim to the extent within the control of the Indemnified Party’s Groupclaim, (ii) shall allow the Indemnifying Party Party’s Representative and its advisers to investigate the fact, matter, event or circumstance alleged to give rise to such claim and whether and to what extent any amount is payable in respect of such claim, and (iii) shall (at the Indemnified expense of the Indemnifying Party’s expense) disclose to the Indemnifying Party Party’s Representative and its Representatives all material reasonably available of which it is aware which relates to the claim and provideprovide (at the expense of the Indemnifying Party), and procure that any other relevant members of the Indemnified Party’s Group shall provide (at the Indemnified Party’s expense)provide, all such information and assistance, including reasonable access to premises and personnel, and the right to examine examine, and (unless such items are covered by confidentiality obligations to third parties, in which case the confidentiality provisions set out in Section 5.5(c) (Access and Information) shall apply, mutatis mutandis) the right to copy or photograph photograph, any assets, accounts, documents and records, as the Indemnifying Party Party’s Representative or its Representatives may reasonably request, subject to the Indemnifying Party Party’s Representative and its advisers agreeing in such form as the Indemnified Party Party’s Representative may reasonably require to keep all such information confidential and to use it only for the purpose of investigating and defending the claim in question; provided that the foregoing shall not require the Indemnified Party to disclose any documents or information that may be reasonably expected to result in a violation of applicable Law or the loss or waiver of any attorney-client, work product or similar legal privilege; provided further that the Indemnified Party and the Indemnifying Party shall work in good faith to put in place appropriate substitute disclosure arrangements to permit such disclosure without such violation, loss or waiver.

Appears in 2 contracts

Samples: Transaction Agreement (Metlife Inc), Transaction Agreement (Banco Bilbao Vizcaya Argentaria, S.A.)

Cooperation by the Indemnified Party. The Indemnified Party shall reasonably cooperate with and assist the Indemnifying Party in determining the validity of any claim for indemnity by the Indemnified Party and in defending against a Third-Party Claim. In connection with any fact, matter, event or circumstance that may give rise to a claim against any Indemnifying Party under this Agreement, the Indemnified Party shall ensure that each relevant member of the Indemnified Party’s Group: (i) shall preserve all material evidence relevant to the claim to the extent within the control of the Indemnified Party’s Group, (ii) shall allow the Indemnifying Party to investigate the fact, matter, event or circumstance alleged to give rise to such claim and whether and to what extent any amount is payable in respect of such claim, and (iii) shall (at the Indemnified Party’s expense) disclose to the Indemnifying Party all material of which it is aware which relates to the claim and provide, and procure that any other relevant members of the Indemnified Party’s Group shall provide (at the Indemnified Party’s expense), all such information and assistance, including reasonable access to premises and personnel, and the right to examine and copy or photograph any assets, accounts, documents and records, as the Indemnifying Party may reasonably request, subject to the Indemnifying Party agreeing in such form as the Indemnified Party may reasonably require to keep all such information confidential and to use it only for the purpose of investigating and defending the claim in question; provided that the foregoing shall not require the Indemnified Party to disclose any documents or information that may be reasonably expected to result in a violation of applicable Law or the loss or waiver of any attorney-client, work product or similar legal privilege; provided further that the Indemnified Party and the Indemnifying Party shall work in good faith to put in place appropriate substitute disclosure arrangements to permit such disclosure without such violation, loss or waiver.or

Appears in 1 contract

Samples: Servicing Agreement (Exeter Automobile Receivables Trust 2021-2)

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Cooperation by the Indemnified Party. The Indemnified Party Party’s Representative shall reasonably cooperate with and assist the Indemnifying Party Party’s Representative in determining the validity of any claim for indemnity by the Indemnified Party (acting through its Indemnified Party’s Representative) and in defending against a Third-Party ClaimClaim and the Indemnifying Party shall pay the reasonable, documented out-of-pocket expenses incurred by the Indemnified Party pursuant to this Section 8.4(b). In connection with any fact, matter, event or circumstance that may give rise to a claim against any Indemnifying Party under this Agreement, the Indemnified Party Party’s Representative shall ensure that each relevant member of the Indemnified Party’s GroupParty and their respective Affiliates: (i) shall preserve all material evidence relevant to the claim to the extent within the control of the Indemnified Party’s Groupclaim, (ii) shall allow the Indemnifying Party Party’s Representative and its advisers to investigate the fact, matter, event or circumstance alleged to give rise to such claim and whether and to what extent any amount is payable in respect of such claim, and (iii) shall (at the Indemnified Party’s expense) disclose to the Indemnifying Party Party’s Representative and its Representatives all material of which it is aware which relates to the claim and provide, and procure that cause any other relevant members of the Indemnified Party’s Group shall provide (at the Indemnified Party’s expense)its Affiliates to provide, all such information and assistance, including reasonable access to premises and personnel, and the right to examine and copy or photograph any assets, accounts, documents and records, as the Indemnifying Party Party’s Representative or its Representatives may reasonably request, subject to the Indemnifying Party Party’s Representative and its advisers agreeing in such form as the Indemnified Party Party’s Representative may reasonably require to keep all such information confidential and to use it only for the purpose of investigating and defending the claim in question; provided that the foregoing shall not require the Indemnified Party to disclose any documents or information that may be reasonably expected to result in a violation of applicable Law or the loss or waiver of any attorney-client, work product or similar legal privilege; provided further that the Indemnified Party and the Indemnifying Party shall work in good faith to put in place appropriate substitute disclosure arrangements to permit such disclosure without such violation, loss or waiver.

Appears in 1 contract

Samples: Interest and Asset Purchase Agreement (SVB Financial Group)

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