Common use of Indemnification by ALTISOURCE Clause in Contracts

Indemnification by ALTISOURCE. Except as provided in Section 6.05, ALTISOURCE shall indemnify, defend and hold harmless Residential, each other member of the Residential Group and each of their respective former and current directors, officers and employees, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Residential Indemnitees”), from and against any and all Liabilities of the Residential Indemnitees relating to, arising out of or resulting from any of the following items (without duplication): (a) the ALTISOURCE Business, including the failure of ALTISOURCE or any other member of the ALTISOURCE Group or any other Person to pay, perform or otherwise promptly discharge any Liability relating to, arising out of or resulting from the ALTISOURCE Business in accordance with its terms, whether prior to or after the Distribution Date or the date hereof; and (b) any breach by ALTISOURCE or any other member of the ALTISOURCE Group of this Agreement or any of the Ancillary Agreements.

Indemnification by ALTISOURCE. Except as provided in Section 6.055.05, ALTISOURCE shall indemnify, defend and hold harmless ResidentialOCWEN, each other member of the Residential OCWEN Group and each of their respective former and current directors, officers and employees, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Residential OCWEN Indemnitees”), from and against any and all Liabilities of the Residential OCWEN Indemnitees relating to, arising out of or resulting from any of the following items (without duplication): (a) the ALTISOURCE Business, including the failure of ALTISOURCE or any other member of the ALTISOURCE Group or any other Person to pay, perform or otherwise promptly discharge any Liability relating to, to or arising out of or resulting from the ALTISOURCE Business in accordance with its terms, whether prior to or after the Distribution Date or the date hereof; and (b) any breach by ALTISOURCE or any other member of the ALTISOURCE Group of this Agreement or any of the Ancillary Agreements.

Indemnification by ALTISOURCE. Except as provided in Section 6.05, ALTISOURCE shall indemnify, defend and hold harmless ResidentialAAMC, each other member of the Residential AAMC Group and each of their respective former and current directors, officers and employees, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Residential AAMC Indemnitees”), from and against any and all Liabilities of the Residential AAMC Indemnitees relating to, arising out of or resulting from any of the following items (without duplication): (a) the ALTISOURCE Business, including the failure of ALTISOURCE or any other member of the ALTISOURCE Group or any other Person to pay, perform or otherwise promptly discharge any Liability relating to, arising out of or resulting from the ALTISOURCE Business in accordance with its terms, whether prior to or after the Distribution Date or the date hereof; and (b) any breach by ALTISOURCE or any other member of the ALTISOURCE Group of this Agreement or any of the Ancillary Agreements.