Servicer Indemnification of the Issuer, the Owner Trustee and the Indenture Trustee. Subject to SECTION 6.03, the Servicer shall indemnify and hold harmless each of the Issuer, the Owner Trustee (as such and in its individual capacity), the Indenture Trustee and any trustees predecessor thereto (including the Indenture Trustee in its capacity as Note Registrar or as Paying Agent) and their respective directors, officers, employees, partners, members or managers and agents from and against any and all loss, liability, claim, expense, damage or injury suffered or sustained by reason of (a) any acts or omissions of the Servicer with respect to the Issuer in breach of this Agreement or (b) the administration by the Owner Trustee of the Issuer (in the case of clause (a) or (b), other than such as may arise from the negligence or willful misconduct of the Owner Trustee or the Indenture Trustee, as applicable), including any judgment, award, settlement, reasonable attorneys' fees and other costs or expenses incurred in connection with the defense of any action, Proceeding or claim. Indemnification pursuant to this SECTION 6.04 shall not be payable from the Transferred Assets. The Servicer's obligations under this SECTION 6.04 shall survive the termination of this Agreement or the Issuer or the earlier removal or resignation of the Owner Trustee or the Indenture Trustee, as applicable.
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Samples: Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Compucredit Corp)
Servicer Indemnification of the Issuer, the Owner Trustee and the Indenture Trustee. Subject to SECTION Section 6.03, the Servicer shall indemnify and hold harmless each of the Issuer, the Owner Trustee (as such and in its individual capacity), the Indenture Trustee and any trustees predecessor thereto (including the Indenture Trustee in its capacity as Note Registrar or as Paying Agent) and their respective directors, officers, employees, partners, members or managers and agents from and against any and all loss, liability, claim, expense, damage or injury suffered or sustained by reason of (a) any acts or omissions of the Servicer with respect to the Issuer in breach of this Agreement or (b) the administration by the Owner Trustee of the Issuer (in the case of clause (a) or (b), other than such as may arise from the negligence or willful misconduct of the Owner Trustee or the Indenture Trustee, as applicable), including any judgment, award, settlement, reasonable attorneys' fees and other costs or expenses incurred in connection with the defense of any action, Proceeding or claim. Indemnification pursuant to this SECTION Section 6.04 shall not be payable from the Transferred Assets. The Servicer's obligations under this SECTION Section 6.04 shall survive the termination of this Agreement or the Issuer or the earlier removal or resignation of the Owner Trustee or the Indenture Trustee, as applicable.
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Samples: Transfer and Servicing Agreement (Compucredit Corp)
Servicer Indemnification of the Issuer, the Owner Trustee and the Indenture Trustee. Subject (a) To the fullest extent permitted by applicable law, subject to SECTION Section 6.03, the Servicer shall indemnify and hold harmless each of the Issuer, the Owner Trustee (as such and in its individual capacity), the Indenture Trustee and any trustees predecessor thereto (including the Indenture Trustee in its capacity as Note Registrar or as Paying Agent) and their respective directors, officers, employees, partners, delegates, members or managers and agents from and against any and all loss, liability, claim, expense, damage or injury suffered or sustained by reason of (a) or in connection with any acts or omissions of the Servicer with respect to the Issuer in breach of this Agreement (except that the Servicer shall not be liable for or (b) the administration by required to indemnify the Owner Trustee of the Issuer (in the case of clause (a) or (b), other than such as may arise from the negligence or willful misconduct of for the Owner Trustee Trustee’s own willful misconduct, bad faith or negligence or the Indenture Trustee for the Indenture Trustee’s own willful misconduct, as applicable), bad faith or negligence) including any judgment, award, settlement, reasonable attorneys' ’ fees and other costs or expenses incurred in connection with the defense of any action, Proceeding or claim. Indemnification pursuant to this SECTION 6.04 subsection 6.04(a) shall not be payable from the Transferred Assets. The Servicer's ’s obligations under this SECTION 6.04 subsection 6.04(a) shall survive the termination of this Agreement or the Issuer or the earlier removal or resignation of the Owner Trustee or the Indenture Trustee, as applicable.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Compucredit Corp)