Common use of Indemnification by the Credit Risk Manager Clause in Contracts

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 7 contracts

Samples: Trust Agreement (BNC Mortgage Loan Trust 2007-2), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)

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Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e9.34(f) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 5 contracts

Samples: Trust Agreement (Sasco 2006-Bc3), Trust Agreement (Structured Asset Investment Loan Trust 2006-Bnc1), Trust Agreement (Sasco 2006-Bc2)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities AdministratorTrustee, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2), Trust Agreement (First Franklin Mortgage Loan Trust 2006-FFB), Trust Agreement (Structured Asset Securities CORP 2007-Bc1)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities AdministratorTrustee, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e9.34(f) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 3 contracts

Samples: Trust Agreement (Sasco 2006-S3), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff2), Securitization Servicing Agreement (Sasco 2006-S2)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities AdministratorTrustee, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 176

Appears in 2 contracts

Samples: Trust Agreement (BNC CORP Mortgage Loan Trust 2007-Bnc4), Trust Agreement (BNC Mortgage Loan Trust 2007-3)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 174

Appears in 1 contract

Samples: Trust Agreement (BNC Mortgage Loan Trust 2006-2)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 178

Appears in 1 contract

Samples: Trust Agreement (Sasco 2007-Eq1)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities AdministratorTrustee, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e9.34(f) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 151

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp 2006-S1)

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Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e9.34(f) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 177

Appears in 1 contract

Samples: Trust Agreement (Sasco 2006-Bc4)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).. 192

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master ServicerSecurities Administrator, the Trustee Master Servicer and the Securities AdministratorTrustee, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e3.13(e) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a3.19(a) or (b).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-13)

Indemnification by the Credit Risk Manager. The Credit Risk Manager agrees to indemnify the Depositor, the Master Servicer, the Trustee Servicer and the Securities Administrator, and each of their respective directors, officers, employees and agents and the Trust Fund and hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon the engagement of any Subcontractor in violation of Section 9.34(e9.34(d) or any failure by the Credit Risk Manager to deliver any information, report, certification, accountants’ letter or other material when and as required under this Agreement, including any report under Sections 9.25(a) or (b).

Appears in 1 contract

Samples: Trust Agreement (Sasco 2006-Wf1)

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