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 Seller 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 Borrower for Initial Servicer Indemnified Amounts other than to the extent expressly provided for in this Agreement or in any other Transaction Document.