TRUST COLLATERAL AGENT’S INDEMNIFICATION Sample Clauses

TRUST COLLATERAL AGENT’S INDEMNIFICATION. In the event that the Trust Collateral Agent fails to produce an original note or installment contract that was in its possession pursuant to Section 3.4 within five (5) Business Days after required or requested pursuant to Section 3.4(l), and provided that (i) the Trust Collateral Agent previously notified the Trust that it was in possession of such document; (ii) such document is not outstanding pursuant to a request for release of documents under Section 3.4(l); and (iii) such document was held by the Trust Collateral Agent on behalf of the Trust (a “Trust Collateral Agent Delivery Failure”), then the Trust Collateral Agent shall indemnify the Trust, Insurer and Trustee in accordance with the succeeding sentence of this Section 3.4(n). The Trust Collateral Agent shall indemnify and hold harmless Trust, Insurer and Trustee (individually and in its capacity as such), and each of their respective officers, directors, employees and agents from and against any and all direct liabilities, obligations, losses, payments, costs or expenses (including reasonable legal fees and expenses, if any) of any kind whatsoever that may be imposed on, incurred or asserted against Trust, Trustee, Insurer or the Holders as the result of such Trust Collateral Agent Delivery Failure. Indemnification under this Subsection (n) shall survive termination of this Agreement and the resignation or removal of the Trustee, as the case may be. If Trust Collateral Agent shall have made any indemnity payments to Trustee or Insurer pursuant to this Section and Trustee or Insurer thereafter shall collect any of such amounts from Persons other than Trust Collateral Agent, Trust, Trustee or Insurer, as the case may be, shall, as soon as practicable following such receipt thereof, repay such amounts to Trust Collateral Agent, without interest.