Common use of Purchased Loans Clause in Contracts

Purchased Loans. Indemnify and hold the Bank harmless from and against any loss, including reasonable attorneys' fees and costs, attributable to the failure of any seller of the Pledged Mortgage Loans to the Company or the Company Subsidiary, or any escrow agent, Company Subsidiary to comply with the disbursement or instruction letter or letters of the Company, the Company Subsidiary or of the Bank relating to Mortgage Loans purchased by the Company or the Company Subsidiary with the Company Subsidiary Loan under this Agreement.

Purchased Loans. Indemnify and hold the Bank harmless from and against any loss, including reasonable attorneys' fees and costs, attributable to the failure of any seller of the Pledged Mortgage Loans to the Company or the Company Subsidiary, or any escrow agent, Company Subsidiary to comply with the disbursement or instruction letter or letters of the Company, the Company Subsidiary or of the Bank relating to Mortgage Loans purchased by the Company or the Company Subsidiary with the an Advance under a Company Subsidiary Loan under this AgreementLoan.