Common use of Liability of Cash Manager Clause in Contracts

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer and the Security Trustee on demand on an after Tax basis for any losses, liabilities, claims, expenses (including any amounts in respect of applicable VAT (including Irrecoverable VAT) in relation thereto) or damages (for the purposes of this Clause 3.5, a Loss) suffered or incurred by any of them in respect of the negligence, fraud or wilful default of the Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as such) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer Mortgages Trustee, Funding 1, Funding 2, the Funding 1 Security Trustee and the Funding 2 Security Trustee on demand on an after Tax basis for any lossesloss, liabilitiesliability, claimsclaim, expenses (including any amounts in respect of applicable VAT (including Irrecoverable VAT) in relation thereto) expense or damages (for the purposes of this Clause 3.5, a Loss) damage suffered or incurred by any of them in respect of the negligence, fraud bad faith or wilful default of the Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or under the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as suchCash Manager) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer Mortgages Trustee, the Funding Companies and the Funding Security Trustee Trustees on demand on an after Tax basis for any lossesloss, liabilitiesliability, claimsclaim, expenses (including any amounts in respect of applicable VAT (including Irrecoverable VAT) in relation thereto) expense or damages (for the purposes of this Clause 3.5, a Loss) damage suffered or incurred by any of them in respect of the fraud, negligence, fraud bad faith, wilful misconduct or wilful default of the Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or under the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such any other Transaction Documents Document to which the Cash Manager is a party (in its capacity as suchCash Manager) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer and the Security Trustee on demand on an after Tax tax basis for any direct losses, liabilities, claims, expenses (including any amounts in respect of applicable VAT (including Irrecoverable VAT) incurred in relation theretorespect thereof) or damages (for the purposes of this Clause 3.53.4, a Loss) suffered or incurred by them (save any Loss as a result of them any breach of the Issuer’s regulatory obligations) in respect of the gross negligence, fraud or wilful default of the Cash Manager or any of its sub-contractors or delegatesManager, in carrying out its functions as Cash Manager under this Agreement or the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as such) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer and the Security Trustee on demand on an after Tax basis for any losses, liabilities, claims, expenses (including any amounts in respect of applicable Irrecoverable VAT (including Irrecoverable VAT) in relation thereto) or damages (for the purposes of this Clause 3.5, a Loss) suffered or incurred by any of them in respect of the negligence, fraud or wilful default of the Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as such) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer Mortgages Trustee, the Funding Companies and the Funding Security Trustee Trustees on demand on an after Tax basis for any lossesloss, liabilitiesliability, claimsclaim, expenses (including any amounts in respect of applicable VAT (including Irrecoverable VAT) in relation thereto) expense or damages (for the purposes of this Clause 3.5, a Loss) damage suffered or incurred by any of them in respect of the fraud, negligence, fraud bad faith, wilful misconduct or wilful default of the Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or under the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such any other Transaction Documents to which the Cash Manager is a party (in its capacity as suchCash Manager) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer and the Security Trustee on demand on an after Tax basis for any losses, liabilities, claims, expenses (including any amounts in respect of applicable Irrecoverable VAT (including Irrecoverable VAT) in relation thereto) or damages (for the purposes of this Clause 3.5, a Loss) suffered or incurred by any of them in respect of the negligence, fraud or wilful default of the t he Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as such) in relation to such functions.

Liability of Cash Manager. (a) The Cash Manager shall indemnify each of the Issuer and the Security Trustee on demand on an after Tax basis for any losses, liabilities, claims, expenses (including any amounts in respect of applicable Irrecoverable VAT (including Irrecoverable VAT) in relation thereto) or damages (for the purposes of this Clause 3.53. 5, a Loss) suffered or incurred by any of them in respect of the negligence, fraud or wilful default of the t he Cash Manager or any of its sub-contractors or delegates, in carrying out its functions as Cash Manager under this Agreement or the other Transaction Documents to which the Cash Manager is a party (in its capacity as such), or as a result of a breach by the Cash Manager of the terms and provisions of this Agreement or such other Transaction Documents to which the Cash Manager is a party (in its capacity as such) in relation to such functions.