Common use of Reimbursement of the Servicer Clause in Contracts

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Servicing Agreement and that arises from such Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Servicing Agreement made applicable by this Agreement).

Appears in 2 contracts

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Supplemental Servicing Agreement (American Express Receivables Financing Corp VIII LLC)

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Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Servicing Agreement and that arises from such the Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Subservicing Agreement (American Express Receivables Financing Corp VIII LLC)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Transfer and Servicing Agreement and that arises from such the Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Transfer and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Subservicing Agreement (American Express Issuance Trust)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Transfer and Servicing Agreement and that arises from such Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Transfer and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Issuance Trust)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such the Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Pooling and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such the Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including the provisions of the Pooling and Servicing Agreement made applicable by this Agreementto the Servicer).

Appears in 1 contract

Samples: Delegation of Servicing Agreement (Fleet Credit Card Master Trust Ii)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Pooling and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Credit Account Master Trust)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the -------------------------------- Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such the Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including the provisions of the Pooling and Servicing Agreement made applicable by this Agreementto the Servicer).

Appears in 1 contract

Samples: Delegation of Servicing Agreement (Ba Master Credit Card Trust /)

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Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Pooling and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Transfer and Servicing Agreement and that arises from such Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Transfer and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Issuance Trust)

Reimbursement of the Servicer. Each Subservicer, severally and not jointly, The Subservicer shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such the Subservicer’s 's misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Pooling and Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Subservicing Agreement (American Express Receivables Financing Corp Iv LLC)

Reimbursement of the Servicer. Each The Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Servicing Agreement and that arises from such the Subservicer’s misconduct, negligence, or failure to abide by the terms of this Agreement (including provisions of the Servicing Agreement made applicable by this Agreement).

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp VIII LLC)

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