Indemnity of Trust Collateral Agent, Back-up Servicer and Custodian. The Servicer shall indemnify the Trust Collateral Agent, the Back-up Servicer, the Custodian and each officer, director and employee of the Trust Collateral Agent, the Back-up Servicer and the Custodian for, and hold each such Person harmless against, any loss, liability, or expense incurred without willful misfeasance, negligence, or bad faith on its part, arising out of or in connection with the acceptance or administration of this Agreement, the performance of duties as Custodian of the Legal Files including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties under this Agreement. The provisions of this Section 10.6 shall survive the termination of this Agreement or any resignation or removal of LBAC as Servicer.
Appears in 9 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.), Sale and Servicing Agreement (Long Beach Acceptance Corp)
