Common use of Custodian’s Indemnification Clause in Contracts

Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the Issuer, the Owner Trustee and the Indenture Trustee for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred or asserted against the Issuer, the Owner Trustee or the Indenture Trustee as the result of any act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; provided, however, that the Servicer shall not be liable for any portion of any such amount resulting from the willful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-B), Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (Chase Auto Owner Trust 2006-A)

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Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the IssuerTrustee, the Owner Trustee its officers, directors, employees and the Indenture Trustee agents for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred incurred, or asserted against the IssuerTrustee, the Owner Trustee its officers, directors, employees or the Indenture Trustee agents as the result of any improper act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; provided, however, that the Servicer shall not be liable for any portion of any such amount resulting from the willful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or any loss occasioned by the Indenture failure of the Trustee, its agent or designee to return any document to the Servicer or any delay in doing so.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Usaa Federal Savings Bank), Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC)

Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the Issuer, the Owner Trustee and the Indenture Trustee for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred incurred, or asserted against the Issuer, the Owner Trustee or the Indenture Trustee as the result of any act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; provided, however, that the Servicer shall not be liable for any portion of any such amount resulting from the willful wilful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the Issuer, the Owner Trustee and the Indenture Trustee for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred or asserted against the Issuer, the Owner Trustee or the Indenture Trustee as the result of any act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; provided, however, that the Servicer shall not be liable for any portion of any such amount resulting from the willful wilful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 1998-C), Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 1998-B)

Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the Issuer, the Owner Trustee and the Indenture Trustee for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred or asserted against the Issuer, the Owner Trustee or the Indenture Trustee as the result of any act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; providedPROVIDED, howeverHOWEVER, that the Servicer shall not be liable for any portion of any such amount resulting from the willful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 2002-A)

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Custodian’s Indemnification. The Servicer, as custodian, shall indemnify the Issuer, the Owner Trustee and the Indenture Trustee for any and all liabilities, obligations, losses, damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred incurred, or asserted against the Issuer, the Owner Trustee or the Indenture Trustee as the result of any act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, of the Receivable Files; provided, however, that the Servicer shall not -------- ------- be liable for any portion of any such amount resulting from the willful wilful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chase Manhattan Bank Usa)

Custodian’s Indemnification. The Servicer, in its capacity as custodian, shall indemnify the Issuer, the Owner Trustee Trust and the Indenture Trustee (which shall include, for purposes of this Section 7.06, its directors, officers, employees and agents) for any and all liabilities, obligations, losses, compensatory damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred incurred, or asserted against the Issuer, the Owner Trustee Trust or the Indenture Trustee as the result of any improper act or omission in any way relating to the maintenance and custody by the Servicer, as custodian, Servicer of the Receivable Files; provided, however, that the Servicer shall not be liable for any portion of any such amount resulting from the willful misfeasance, bad faith, or negligence of the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bay View Deposit CORP)

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