Common use of Indemnification of Servicer Clause in Contracts

Indemnification of Servicer. The Master Servicer hereby agrees to indemnify and hold harmless the Servicer, any Subservicer appointed by it, any of their respective directors, officers, employees or agents, or its delegees for any action taken by the Servicer, any Subservicer or any of their respective directors, officers, employees or agents, or its delegees or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that the Servicer, any Subservicer or any of their respective directors, officers, employees or agents, or its delegees are not protected against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of his or its duties or by reason of reckless disregard of his or its obligations and duties under this Agreement.

Appears in 73 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-13 Trust)

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