Common use of Remedies for Breaches of Representations or Warranties Clause in Contracts

Remedies for Breaches of Representations or Warranties. The Servicer shall indemnify the Owner and hold it harmless against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and expenses resulting from a breach of the Servicer’s representations and warranties contained in Section 2.1 that materially and adversely affects the value of one or more of the Mortgage Loans. The obligations of the Servicer set forth in this Section 2.2 to indemnify the Owner as provided in this Section 2.2 constitute the sole remedies of the Owner with respect to a breach of the foregoing representations and warranties.

Remedies for Breaches of Representations or Warranties. The Servicer shall indemnify the Owner Owner, its affiliates and their respective directors, officers and employees and hold it such Persons harmless against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees Losses and related costs, judgments, and other costs and expenses resulting from a breach of the Servicer’s representations and warranties contained in Section 2.1 that materially and adversely affects the interests of the Owner in or the value of one or more of the Mortgage Loans. The obligations of the Servicer set forth in this Section 2.2 to indemnify the Owner as provided in this Section 2.2 constitute the sole remedies of the Owner with respect to a breach of the foregoing representations and warranties.

Remedies for Breaches of Representations or Warranties. The Servicer shall indemnify the Owner Owner, its affiliates and their respective directors, officers and employees and hold it such Persons harmless against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees Losses and related costs, judgments, and other costs and expenses resulting from a breach of the Servicer’s 's representations and warranties contained in Section 2.1 that materially and adversely affects the interests of the Owner in or the value of one or more of the Mortgage Loans. The obligations of the Servicer set forth in this Section 2.2 to indemnify the Owner as provided in this Section 2.2 constitute the sole remedies of the Owner with respect to a breach of the foregoing representations and warranties.

Remedies for Breaches of Representations or Warranties. The Servicer shall indemnify the Owner and hold it harmless against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and expenses resulting from a breach of the Servicer’s 's representations and warranties contained in Section 2.1 that materially and adversely affects the value of one or more of the Mortgage Loans. The obligations of the Servicer set forth in this Section 2.2 to indemnify the Owner as provided in this Section 2.2 constitute the sole remedies of the Owner with respect to a breach of the foregoing representations and warranties.