Common use of Indemnification for Reporting Clause in Contracts

Indemnification for Reporting. TPO understands and acknowledges that UHMC may report information about any Mortgage Loan Package that UHMC believes to contain misrepresentations or violates applicable law to the appropriate governmental body or regulatory agency, Xxxxxx Mae, Xxxxxxx Mac, HUD or any mortgage industry background database, including, but not limited to, databases operated by Mortgage Asset Research Institute, Inc., such as the Mortgage Industry Date Exchange ("MIDEX") or any cooperative industry database. TPO acknowledges that TPO and any owner, officer, agent or employee may be named as the originating entity or loan originator on any such Loan. TPO acknowledges the importance of UHMC's right and necessity to disclose such information. TPO, for itself and its directors, officers and employees and their respective successors or assigns and Mortgage Asset Research Institute, Inc , indemnifies and holds UHMC and its officers, directors, employees, shareholders, representatives, successors, assigns, agents and affiliates from any and all damage, loss, liability, cost, actions, causes of action, claims, demands or expense both direct and indirect (including without limitation reasonable legal and accounting fees and expenses actually incurred) that may arise from the reporting or use by any database subscriber or any governmental body or agency of any information submitted by UHMC with respect to TPO and any owner, officer, agent or employee to any mortgage industry database, including MIDEX.

Indemnification for Reporting. TPO understands and acknowledges that UHMC may report information about any Mortgage Loan Package that UHMC believes to contain misrepresentations or violates applicable law to the appropriate governmental body or regulatory agency, Xxxxxx MaeXxx, Xxxxxxx Mac, HUD or any mortgage industry background database, including, but not limited to, databases operated by Mortgage Asset Research Institute, Inc., such as the Mortgage Industry Date Exchange ("MIDEX") or any cooperative industry database. TPO acknowledges that TPO and any owner, officer, agent or employee may be named as the originating entity or loan originator on any such Loan. TPO acknowledges the importance of UHMC's right and necessity to disclose such information. TPO, for itself and its directors, officers and employees and their respective successors or assigns and Mortgage Asset Research Institute, Inc , indemnifies and holds UHMC and its officers, directors, employees, shareholders, representatives, successors, assigns, agents and affiliates from any and all damage, loss, liability, cost, actions, causes of action, claims, demands or expense both direct and indirect (including without limitation reasonable legal and accounting fees and expenses actually incurred) that may arise from the reporting or use by any database subscriber or any governmental body or agency of any information submitted by UHMC with respect to TPO and any owner, officer, agent or employee to any mortgage industry database, including MIDEX.

Indemnification for Reporting. TPO Broker understands and acknowledges that UHMC FundLoans may report information about any Mortgage Loan Package that UHMC FundLoans believes to contain misrepresentations or violates applicable law Applicable Law to the appropriate governmental body or regulatory agency, Xxxxxx Mae, Xxxxxxx Mac, HUD HUD, or any mortgage industry background database, including, but not limited to, databases operated by Mortgage Asset Research Institute, Inc., such as the Mortgage Industry Date Data Exchange ("“MIDEX"”) or any cooperative industry database. TPO Broker acknowledges that TPO Broker and any owner, officer, agent agent, or employee may be named as the originating entity or loan originator on any such Loan. TPO Broker acknowledges the importance of UHMC's FundLoans’ right and necessity to disclose such information. TPOBroker, for itself and its directors, officers officers, and employees and their respective successors or assigns and Mortgage Asset Research Institute, Inc Inc., indemnifies and holds UHMC FundLoans and its officers, directors, employees, shareholders, representatives, successors, assigns, agents agents, and affiliates from any and all damage, loss, liability, cost, actions, causes of action, claims, demands demands, or expense expense, both direct and indirect (including including, without limitation limitation, reasonable legal and accounting fees and all expenses actually incurred) that may arise from the reporting or use by any database subscriber subscriber, or any governmental body or agency agency, of any information submitted by UHMC FundLoans with respect to TPO Broker and any owner, officer, agent agent, or employee to any mortgage industry database, including including, but not limited to, MIDEX.