Servicer Indemnification of Issuer, Owner Trustee and Indenture Trustee. (a) The Servicer will indemnify and hold harmless each of the Issuer, the Owner Trustee, the Indenture Trustee and any trustees predecessor thereto and their respective directors, officers, employees and agents from and against any and all loss, liability, claim, expense, damage or injury suffered or sustained thereby by reason of (1) any acts or omissions of the Servicer in connection with this Agreement or (2) the acceptance or performance of the trusts and duties contained herein in the case of the Owner Trustee and the Indenture Trustee; provided, however, that that the Transferor will not indemnify the Issuer, the Owner Trustee or the Indenture Trustee for:
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (Ford Credit Auto Receivables LLC), Transfer and Servicing Agreement (Nissan Wholesale Receivables Corp Ii), Transfer and Servicing Agreement (Nissan Wholesale Receivables Corp Ii)
Servicer Indemnification of Issuer, Owner Trustee and Indenture Trustee. (a) The Servicer will indemnify and hold harmless each of the Issuer, the Owner Trustee, the Indenture Trustee and any trustees predecessor thereto and their respective directors, officers, employees and agents from and against any and all loss, liability, claim, expense, damage or injury suffered or sustained thereby by reason of (1) any acts or omissions of the Servicer in connection with this Agreement or any failure to act in accordance with this Agreement or (2) the acceptance or performance of the trusts and duties contained herein in the case of the Owner Trustee and the Indenture Trustee; provided, however, that that the Transferor Servicer will not indemnify the Issuer, the Owner Trustee or the Indenture Trustee for:
Appears in 1 contract
Samples: Transfer and Servicing (GMF Floorplan Owner Revolving Trust)
