Common use of Vicarious Liability Clause in Contracts

Vicarious Liability. To the extent that the Servicer self-insures vicarious liability suffered by the Covered Parties that arises out of the use or operation of the Vehicles (including other vehicles owned by the Titling Trust that are allocated to other Specified Interests), the Servicer will indemnify the Covered Parties for any uninsured losses relating to such vicarious liability.

Vicarious Liability. To the extent that the Servicer self-insures vicarious liability suffered by the Covered Parties that arises out of the use or operation of the Vehicles (including other vehicles owned by the Titling Trust that are allocated to other Specified Interests)Collateral Leased Vehicles, the Servicer will indemnify the Covered Parties for any uninsured losses relating to such vicarious liability.