Servicer Indemnified Amounts definition

Servicer Indemnified Amounts has the meaning set forth in Section 13.02(a).

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Servicer Indemnified Amounts is defined in Section 9.2.

Servicer Indemnified Amounts has the meaning set forth in Section 8.2.

Examples of Servicer Indemnified Amounts in a sentence

• The funds used to repay the Servicer Indemnified Amounts will not be derived from any unlawful activity.

• For the avoidance of doubt, there shall be no recourse to the Borrower for Initial Servicer Indemnified Amounts other than to the extent expressly provided for in this Agreement or in any other Transaction Document.

• Any Servicer Indemnified Amounts made by the Servicer to any Indemnified Party shall be reimbursed to the Servicer by such Indemnified Party if a court of competent jurisdiction makes a final, non-appealable judgement which determines that such Servicer Indemnified Amounts suffered or sustained by such Indemnified Party resulted solely from the gross negligence, bad faith or willful misconduct of such Indemnified Party.

• For the avoidance of doubt, there shall be no recourse to the Seller for Initial Servicer Indemnified Amounts other than to the extent expressly provided for in this Agreement or in any other Transaction Document.

More Definitions of Servicer Indemnified Amounts

Servicer Indemnified Amounts. As defined in Section 6.2.

Servicer Indemnified Amounts has the meaning set forth in Section 13.02(a). “Servicer Indemnified Party” has the meaning set forth in Section 13.02(a). “Servicing Fee” means the fee referred to in Section 9.06(a) of this Agreement.

Servicer Indemnified Amounts has the meaning set forth in Section 10(o) of this Agreement.

Servicer Indemnified Amounts has the meaning given to such term in Section 10.01(b).

Servicer Indemnified Amounts. The meaning set forth in Section 4(f) hereto.

Servicer Indemnified Amounts has the meaning set forth in Section 13.02(a). “Servicer Indemnified Party” has the meaning set forth in Section 13.02(a). “Servicing Fee” means the fee referred to in Section 9.06(a) of this Agreement. “Servicing Fee Rate” means the rate referred to in Section 9.06(a) of this Agreement. “Settlement Date” means with respect to any Portion of Capital for any Yield Period or any Yield or Fees, (i) so long as no Event of Termination has occurred and is continuing and the Termination Date has not occurred, the Monthly Settlement Date and (ii) on and after the Termination Date or if an Event of Termination has occurred and is continuing, each day selected from time to time by the Administrative Agent (with the consent or at the direction of the Majority Group Agents) (it being understood that the Administrative Agent (with the consent or at the direction of the Majority Group Agents) may select such Settlement Date to occur as frequently as daily), or, in the absence of such selection, the Monthly Settlement Date. “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Parent or any ERISA Affiliate and no Person other than the Parent and the ERISA Affiliates or (b) was so maintained and in respect of which the Parent or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. “SOFR” shall mean, for any day, a rate equal to the secured overnight financing rate as administered by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “SOFR Adjustment” shall mean an interest rate per annum equal to (a) with respect to Daily 1M SOFR or the Term SOFR Rate for a 1-month Tranche Period, ten basis points (0.10%) and (b) with respect to the Term SOFR Rate for a 3-month Tranche Period, fifteen basis points (0.15%).

Servicer Indemnified Amounts has the meaning set forth in has the meaning set forth in para (a) of Schedule 5 (Indemnities) Part 2 of this Agreement..