Servicer Indemnified Person definition

Servicer Indemnified Person is defined in Section 7.1 of the Servicing Agreement.

Servicer Indemnified Person shall have the meaning specified in subsection 2.09(b).

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

Examples of Servicer Indemnified Person in a sentence

• Any Indemnified Amounts subject to the indemnification provisions of this Section 7.1 shall be paid to the Servicer Indemnified Person within ten (10) Business Days following demand therefor.

• Any Indemnified Amounts subject to the indemnification provisions of this Section 7.1 shall be paid to the Servicer Indemnified Person within ten Business Days following demand therefor.

• The company’s liability for current tax is calculated using the latest enacted rate of corporation tax.

• The provisions of this indemnity shall run directly to, and be enforceable by, the applicable Master Servicer Indemnified Person and shall survive the termination, in whole or in part, of the Agreement and the resignation or removal, as applicable, of the Master Servicer.

• To break down the law so that we aren't being boring lawyers and not going through the statutory laws.

• Any Indemnified Amounts subject to the indemnification provisions of this Section 7.1 shall be paid to Servicer Indemnified Person within ten Business Days following demand therefor.

• Any Indemnified Amounts subject to the indemnification provisions of this Section 7.1 shall be paid to Servicer Indemnified Person within ten (10) Business Days following demand therefor and shall not be paid from the assets of the Owner.

• Furthermore, it is understood that the Servicer shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the fees and expenses of more than one (1) outside counsel for the applicable Servicer Indemnified Person.

• The Servicer shall immediately notify the Servicer Indemnified Person if a claim is made by a third party with respect to this Agreement or any of the Receivables or any of the other Serviced Assets.

• Any Indemnified Amounts indemnifiable pursuant to this Section 7.1(a) shall be paid to the Servicer Indemnified Person within ten (10) Business Days following demand therefor.

More Definitions of Servicer Indemnified Person

Servicer Indemnified Person shall have the meaning assigned in subsection 2.10(b).

Servicer Indemnified Person shall have the meaning assigned in subsection 2.10(b). "SERVICING RESERVE RATIO" shall mean, as of any Settlement Report Date and continuing until (but not including) the next Settlement Report Date, an amount (expressed as a percentage) equal to (i) the product of (A) the Servicing Fee Percentage and (B) 2.0 TIMES Days Sales Outstanding as of such earlier Settlement Report Date, DIVIDED BY (ii) 360.