Limitation on Liability of the Subservicer; Indemnification. (a) The Subservicer and any director, officer, employee or agent of the Subservicer may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted by any Person respecting any matters arising thereunder. The Subservicer and any director, officer, employee or agent of the Subservicer shall be indemnified and held harmless by the Servicer against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Pooling Agreements, other than any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contifinancial Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)
