Common use of Liability of Administrator Clause in Contracts

Liability of Administrator. (a) The Administrator shall indemnify each of the Mortgages Trustee and the Beneficiaries on demand on an after-tax basis for any loss, liability, claim, expense or damage suffered or incurred by either of them in respect of the negligence or wilful default of the Administrator in carrying out its functions as Administrator under this Agreement or the other Transaction Documents or as a result of a breach by the Administrator of the terms and provisions of this Agreement or the other Transaction Documents in relation to such functions.

Liability of Administrator. (a) 3.3 The Administrator shall indemnify each of the Mortgages Trustee, the Security Trustee and the Beneficiaries on demand on an after-tax basis for against any loss, liability, claim, expense or damage loss suffered or incurred by either any of them in respect of the fraud, negligence or the wilful default of the Administrator in carrying out its functions as Administrator under this Agreement or the other Transaction Documents or as a result of a breach by the Administrator of any of the terms and provisions of this Agreement Deed or the any other Transaction Documents Document to which it (in relation to such functionsits capacity as Administrator) and the Issuer, the Security Trustee and/or the Mortgages Trustee are parties.