Common use of Indemnification by the Sponsor Clause in Contracts

Indemnification by the Sponsor. The Sponsor shall, or shall cause the Trust to, indemnify the Asset Representations Reviewer and its officers, directors, employees and agents for all costs, expenses, losses, damages and liabilities resulting from the performance of its obligations under this Agreement (including the costs and expenses of participating in or defending itself against any loss, damage or liability, whether in a proceeding brought pursuant to Section 6.8 of this Agreement or otherwise), but excluding any costs, expenses, losses, damages or liabilities resulting from (i) the Asset Representations Reviewer’s willful misconduct, bad faith or negligence or (ii) the Asset Representations Reviewer’s breach of any of its representations or warranties in this Agreement. The Sponsor’s obligations under this Section 6.3.3 shall survive the termination of this Agreement.

Appears in 62 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2023-1)

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Indemnification by the Sponsor. The Sponsor shall, or shall cause the Trust to, indemnify the Asset Representations Reviewer and its officers, directors, employees and agents for all costs, expenses, losses, damages and liabilities resulting from the performance of its obligations under this Agreement (including the costs and expenses of participating in or and/or defending itself against any loss, damage damage, or liability, whether in a proceeding brought pursuant to Section 6.8 of this Agreement or otherwise), but excluding any costs, expenses, losses, damages or liabilities resulting from (i) the Asset Representations Reviewer’s ’s, willful misconductmisconduct bad faith, bad faith or negligence negligence, or (ii) the Asset Representations Reviewer’s breach of any of its representations or warranties in this Agreement. The Sponsor’s obligations under this Section 6.3.3 shall survive the termination of this Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-1)

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Indemnification by the Sponsor. The Sponsor shall, or shall cause the Trust to, indemnify the Asset Representations Reviewer and its officers, directors, employees and agents for all costs, expenses, losses, damages and liabilities resulting from the performance of its obligations under this Agreement (including the costs and expenses of participating in or and/or defending itself against any loss, damage damage, or liability, whether in a proceeding brought pursuant to Section 6.8 of this Agreement or otherwise), but excluding any costs, expenses, losses, damages or liabilities resulting from (i) the Asset Representations Reviewer’s ’s, willful misconductmisconduct bad faith, bad faith or negligence negligence, or (ii) the Asset Representations Reviewer’s breach of any of its representations or warranties in this Agreement. The Sponsor’s obligations under this Section 6.3.3 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Capital Auto Receivables LLC)

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