Common use of Operation of Indemnities Clause in Contracts

Operation of Indemnities. Indemnification under this Article VII shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the Originator, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the Originator’s indemnity payments arose shall be repaid prior to any repayment of the Originator’s indemnity payment.

Appears in 7 contracts

Samples: Acas Transfer Agreement (American Capital Strategies LTD), Acas Transfer Agreement (American Capital Strategies LTD), Acas Transfer Agreement (American Capital Strategies LTD)

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Operation of Indemnities. Indemnification under this Article VII shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the Originator, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s 's indemnity payment.

Appears in 5 contracts

Samples: Acas Transfer Agreement (American Capital Strategies LTD), Ocai Transfer Agreement (Orix Credit Alliance Receivables Trust 2000 B), Ocai Transfer Agreement (Orix Credit Alliance Receivables Trust 2000-A)

Operation of Indemnities. Indemnification under this Article VII Twelve shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII Twelve and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the Originator, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s 's indemnity payment.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000 B), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000-A)

Operation of Indemnities. Indemnification under this Article VII Twelve shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII Twelve and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the Originator, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s 's indemnity payment.. ARTICLE THIRTEEN

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 1999-A)

Operation of Indemnities. Indemnification under this Article VII XII shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII XII and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the Originator, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s 's indemnity payment.

Appears in 1 contract

Samples: Acas Transfer Agreement (American Capital Strategies LTD)

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Operation of Indemnities. Indemnification under this Article VII XII shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the a Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII XII and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the respective Originator's, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the respective Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s Originators' indemnity payment.]

Appears in 1 contract

Samples: Sale and Servicing Agreement (Heller Funding Corp Ii)

Operation of Indemnities. Indemnification under this Article VII XII shall include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the a Originator has made any indemnity payments to the Trust Depositor or the Trustees pursuant to this Article VII XII and the Trust Depositor or the Trustees thereafter collects any of such amounts from others, the Trust Depositor or the Trustees will repay such amounts collected to the respective Originator's, except that any payments received by the Trust Depositor or the Trustees from an insurance provider as a result of the events under which the respective Originator’s 's indemnity payments arose shall be repaid prior to any repayment of the Originator’s Originators' indemnity payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Heller Funding Corp)

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