Common use of Master Servicer, REMIC Administrator and Trustee Indemnification Clause in Contracts

Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the Trust, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the Trust, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s covenants set forth in Article VIII or this Article X. In the event that [ ] is no longer the Master Servicer, the Trustee shall indemnify [ ] for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] as a result of a breach of the Trustee’s covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the Trust, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys’ fees) imposed on or incurred by the Trust, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)

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Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s 's execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability140 (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mort Prod Inc Ramp Series 2004 Rz1 Trust)

Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Insurer, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Insurer, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Insurer, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Insurer, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability (c) will apply.,

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Insurer, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Insurer, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Insurer, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Insurer, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability, (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability, (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

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Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s 's execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liabilityREMIC (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the TrustTrust Fund, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the TrustTrust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. In the event that [ ] Residential Funding is no longer the Master Servicer, the Trustee shall indemnify [ ] Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by [ ] Residential Funding as a result of a breach of the Trustee’s 's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the TrustTrust Fund, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the TrustTrust Fund, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator’s 's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee’s 's execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liabilityliability will not be imposed to the extent 160 (c) will apply.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mort Prod Inc Ramp Series 2004 Sl1 Trust)

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