Common use of Indemnity by Servicer Clause in Contracts

Indemnity by Servicer. Without limiting any other rights that any such Person may have hereunder or under Applicable Law, Servicer hereby agrees to indemnify each Indemnified Party, within thirty (30) days after demand, from and against any and all Indemnified Amounts awarded against or incurred by any of them arising out of or relating to (i) any representation or warranty made by Servicer under or in connection with any Transaction Document, any Servicer Report, any Weekly Report or any other information or report delivered by or on behalf of Servicer pursuant hereto, which shall have been false, incorrect or misleading in any material respect when made or deemed made, (ii) the failure by Servicer to comply with any Applicable Law, (iii) the failure of Servicer to perform its duties or obligations in accordance with this Agreement or any Transaction Document or (iv) the commingling by Servicer or any Sub-Servicer of any Collections with other funds.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc)

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Indemnity by Servicer. Without limiting any other rights that any such Person may have hereunder or under Applicable Law, Servicer hereby agrees to indemnify each Indemnified Party, within thirty (30) days after demand, from and against any and all Indemnified Amounts awarded against or incurred by any of them arising out of or relating to (i) any representation or warranty made by Servicer under or in connection with any Transaction Document, any Servicer Report, any Weekly Monthly Report or any other information or report delivered by or on behalf of Servicer pursuant hereto, which shall have been false, incorrect or misleading in any material respect when made or deemed made, (ii) the failure by Servicer to comply with any Applicable Law, (iii) the failure of Servicer to perform its duties or obligations in accordance with this Agreement or any Transaction Document or (iv) the commingling by Servicer or any Sub-Servicer of any Collections with other funds.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc)

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Indemnity by Servicer. Without limiting any other rights that which any such Person may have hereunder or under Applicable Lawapplicable law, Servicer hereby agrees to indemnify each Indemnified Party, within thirty (30) days after forthwith on demand, from and against any and all Indemnified Amounts awarded against or incurred by any of them arising out of or relating to (i) any representation or warranty made by Servicer under or in connection with any Transaction Document, any Servicer Report, any Weekly Servicer Report, any Daily Report or any other information or report delivered by or on behalf of Servicer pursuant hereto, which shall have been false, incorrect or misleading in any material respect when made or deemed made, (ii) the failure by Servicer to comply with any Applicable Law, (iii) the failure of Servicer to perform its duties or obligations in accordance with this Agreement or any Transaction Document or (iv) the commingling by Servicer or any Sub-Servicer of any Collections with other funds.

Appears in 1 contract

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc)

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