Liability of Master Servicer; Indemnities Sample Clauses

Liability of Master Servicer; Indemnities. Subject to Section 8.02, the Master Servicer shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Master Servicer under this Agreement. Such obligations shall include the following:
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Liability of Master Servicer; Indemnities. (a) The Master Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Master Servicer and the representations made by the Master Servicer.
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Liability of Master Servicer; Indemnities. SECTION 9.3. Merger or Consolidation of, or Assumption of the Obligations of the Master Servicer SECTION 9.4. Limitation on Liability of Master Servicer and Others
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Liability of Master Servicer; Indemnities. 47 SECTION 9.3. Merger or Consolidation of, or Assumption of the Obligations of the Master Servicer or the Trust Collateral Agent...................................49
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Liability of Master Servicer; Indemnities. 47 Section 6.03. Merger, Consolidation or Assumption of the Obligations of Master Servicer..........................49 Section 6.04. Limitation on Liability of Master Servicer and Others..............................................49 Section 6.05. Wachovia Bank Not to Resign as Master Servicer.....................................................50 Section 6.06. Master Servicer May Own Securities.................................................................50 ARTICLE SEVEN SERVICER TERMINATION EVENTS
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Liability of Master Servicer; Indemnities. 46 SECTION 9.3. Merger or Consolidation of, or Assumption of the Obligations of the Master Servicer 47 SECTION 9.4. Limitation on Liability of Master Servicer and Others 48 SECTION 9.5. Delegation of Duties 49 SECTION 9.6. Master Servicer Not to Resign 49 SECTION 9.7. Sub-Servicing Agreements Between Master Servicer and Sub-Servicers 49 SECTION 9.8. Successor Sub-Servicers 50 ARTICLE X Default SECTION 10.1.Master Servicer Termination Event 50 SECTION 10.2.Consequences of a Master Servicer Termination Event 52 SECTION 10.3.Appointment of Successor 52 SECTION 10.4.Notification to Noteholders and Certificateholders 53 SECTION 10.5.Waiver of Past Defaults 54 SECTION 10.6.Successor to Master Servicer 54 ARTICLE XI Termination SECTION 11.1.Optional Purchase of All Receivables 54 ARTICLE XII Administrative Duties of the Master Servicer SECTION 12.1.Administrative Duties. 55 SECTION 12.2.Records 57 SECTION 12.3.Additional Information to be Furnished to the Issuer 57 ARTICLE XIII Miscellaneous Provisions SECTION 13.1. Amendments 58 SECTION 13.2. Protection of Title to Trust 59 SECTION 13.3. Notices 61 SECTION 13.4. Assignment 61 SECTION 13.5. Limitations on Rights of Others 61 SECTION 13.6. Severability 62 SECTION 13.7. Separate Counterparts 62 SECTION 13.8. Headings 62 SECTION 13.9. Governing Law 62 SECTION 13.10. Assignment to Trustee 62 SECTION 13.11. Nonpetition Covenants 62 SECTION 13.12. Limitation of Liability of Owner Trustee 63 SECTION 13.13. Independence of the Master Servicer 63 SECTION 13.14. No Joint Venture 63 EXHIBITS Exhibit A - Form of Servicer's Certificate Exhibit B - Form of Transfer Agreement Exhibit C - Form of Request for Release and Receipt of Documents Exhibit D - Form of Trustee's Acknowledgement AMENDED AND RESTATED MASTER SALE AND SERVICING AGREEMENT dated as of November 1, 1998, among HOUSEHOLD AUTOMOBILE REVOLVING TRUST I, a Delaware business trust (the "Issuer"), HOUSEHOLD AUTO RECEIVABLES CORPORATION, a Nevada corporation (the "Seller"), HOUSEHOLD FINANCE CORPORATION, a Delaware corporation (the "Master Servicer") and THE CHASE MANHATTAN BANK, a New York banking corporation, in its capacity as Trustee.
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Liability of Master Servicer; Indemnities. 47 SECTION 9.3. Merger or Consolidation of, or Assumption of the Obligations of the Master Servicer. . . . . . . . . . . . . . . . . . . .48 SECTION 9.4. Limitation on Liability of Master Servicer and Others. . . . . .49
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Liability of Master Servicer; Indemnities. (a) The Master Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Master Servicer and the representations made by the Master Servicer . The Master Servicer shall defend, indemnify and hold harmless the Trust, the Indenture Trustee, the Owner Trustee and their respective officers, directors, agents and employees, from and against any and all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of litigation arising out of or resulting from the use, ownership or operation of, or lien on, any Financed Vehicle; The Master Servicer (when the Master Servicer is Household or an Affiliate of Household) shall indemnify, defend and hold harmless the Trust, the Indenture Trustee, the Owner Trustee and their respective officers, directors, agents and employees and from and against any taxes that may at any time be asserted against any of such parties with respect to the transactions contemplated in this Agreement, including, without limitation, any sales, gross receipts, tangible or intangible personal property, privilege or license taxes (but not including any Federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Receivables and the Other Conveyed Property to the Trust or the issuance and original sale of any Series of the Notes) and costs and expenses in defending against the same, except to the extent that such costs, expenses, losses, damages, claims and liabilities arise out of the negligence or willful misconduct of such parties; The Master Servicer (when the Master Servicer is not Household) shall indemnify, defend and hold harmless the Trust, the Indenture Trustee, the Owner Trustee and their respective officers, directors, agents and employees from and against any taxes with respect to the sale of Receivables in connection with servicing hereunder that may at any time be asserted against any of such parties with respect to the transactions contemplated in this Agreement, including, without limitation, any sales, gross receipts, tangible or intangible personal property, privilege or license taxes (but not including any Federal or other income taxes, including franchise taxes asserted with respect to, and as of the date of, the sale of the Series Trust Estate to the Trust or the issuance and original sale of the Securities) and cost...
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Related to Liability of Master Servicer; Indemnities

  • Liability of Servicer; Indemnities (a) The Servicer (in its capacity as such) shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the Servicer and the representations made by the Servicer.

  • Liability of Servicer; Indemnification (a) The Servicer shall not be relieved of its obligations under this Agreement notwithstanding any Sub-Servicing Agreement or any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer and the Servicer shall be obligated to the same extent and under the same terms and conditions as if it alone were servicing and administering the Home Equity Loans. The Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Servicer by such Sub-Servicer and nothing contained in such Sub-Servicing Agreement shall be deemed to limit or modify this Agreement.

  • Servicer Indemnification The Owner shall indemnify and hold harmless from and shall reimburse the Servicer for any losses, damages, deficiencies, claims, causes of action or expenses of any nature (including, but not limited to reasonable attorneys' fees) incurred by the Servicer which arise out of or result from the Owner's gross negligence or willful failure to perform any of its obligations under this Agreement.

  • LIABILITY OF THE SELLER; INDEMNITIES The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under these Master Sale Terms and each related Sale Agreement.

  • Liability of Seller; Indemnities The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement.

  • Liability of Depositor; Indemnities (a) The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Depositor under this Agreement.

  • Successor Servicer Indemnification The Servicer shall defend, indemnify and hold the Successor Servicer and any officers, directors, employees or agents of the Successor Servicer harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, fees, and expenses that the Successor Servicer may sustain in connection with the claims asserted at any time by third parties against the Successor Servicer which result from (i) any willful or grossly negligent act taken or omission by the Servicer or (ii) a breach of any representations of the Servicer in Section 3.02 hereof. The indemnification provided by this Section 8.08 shall survive the termination of this Agreement.

  • Liability of Administrator; Indemnities (a) The Administrator shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Administrator under this Agreement.

  • Survivability of Servicer Liabilities Notwithstanding anything herein to the contrary, upon termination of the Servicer hereunder, any liabilities of the Servicer which accrued prior to such termination shall survive such termination.

  • Servicer Liability The transferor of servicing shall be liable to the Master Servicer and the Trustee for any servicing obligation violations that occur before, during, and up to and including the day the portfolio is actually transferred. The transferee of servicing shall be liable for any breach of servicing obligations that occurs after the transfer of the servicing portfolio.

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