Common use of Indemnification by the Trustee Clause in Contracts

Indemnification by the Trustee. The Trustee agrees to indemnify the Sponsor, the Depositor and the Master Servicer, 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 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to Section 9.25(a).

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities Corp 2006-S1), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff10), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff2)

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Indemnification by the Trustee. The Trustee agrees to indemnify the Sponsor, the Depositor and the Master Servicer, 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 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to compliance, report or certification when and as required under Section 6.20 or Section 9.25(a).

Appears in 3 contracts

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff15), Trust Agreement (First Franklin Mortgage Loan Trust 2006-FFB), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff17)

Indemnification by the Trustee. The Trustee agrees to indemnify the Sponsor, the Depositor and the Master Servicer, 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 6.01(l) or any failure by the Trustee to deliver any assessment of compliance pursuant to compliance, information, report or certification when and as required under Section 6.20 or Section 9.25(a).

Appears in 2 contracts

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff12), Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff14)

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Indemnification by the Trustee. The Trustee agrees to indemnify the Sponsor, the Depositor and the Master Servicer, 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 6.01(l6.01(k) or any the failure by the Trustee to deliver any assessment of compliance as required pursuant to Section 9.25(a).

Appears in 1 contract

Samples: Trust Agreement (Lehman XS Trust 2006-3)

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