Common use of Obligations of IMC Clause in Contracts

Obligations of IMC. IMC agrees with the Underwriters, for the sole and exclusive benefit of each such Underwriter and each person controlling such Underwriter within the meaning of the Securities Act and not for the benefit of any assignee thereof or any other person or persons dealing with such Underwriter, in consideration of and as an inducement to their agreement to purchase the Offered Certificates from the Depositor, to indemnify and hold harmless each Underwriter against any failure by the Depositor to perform its obligations to the Underwriters hereunder, including, without limitation, any failure by the Depositor to honor any obligation to any Underwriter pursuant to Section 8 hereof.

Obligations of IMC. IMC agrees with the Underwriters, for the sole and exclusive benefit of each such Underwriter and each person controlling such Underwriter within the meaning of the Securities Act and not for the benefit of any assignee thereof or any other person or persons dealing with such Underwriter, in consideration of and as an inducement to their agreement to purchase the Offered Certificates Notes from the Depositor, to indemnify and hold harmless each Underwriter against any failure by the Depositor to perform its obligations to the Underwriters hereunder, including, without limitation, any failure by the Depositor to honor any obligation to any Underwriter pursuant to Section 8 hereof.

Obligations of IMC. IMC agrees with the UnderwritersUnderwriter, for the sole and exclusive benefit of each such the Underwriter and each person controlling such the Underwriter within the meaning of the Securities Act and not for the benefit of any assignee thereof or any other person or persons dealing with such the Underwriter, in consideration of and as an inducement to their agreement to purchase the Offered Certificates Notes from the Depositor, to indemnify and hold harmless each the Underwriter against any failure by the Depositor to perform its obligations to the Underwriters Underwriter hereunder, including, without limitation, any failure by the Depositor to honor any obligation to any the Underwriter pursuant to Section 8 hereof.