Common use of Indemnification of the Indenture Trustee Clause in Contracts

Indemnification of the Indenture Trustee. The Servicer agrees to indemnify the Indenture Trustee from, and hold it harmless against, any loss, liability or expense resulting from a breach of the Servicer's obligations and duties under this Agreement. Such indemnity shall survive the termination or discharge of this Agreement. Any payment hereunder made by the Servicer to the Indenture Trustee shall be from the Servicer's own funds, without reimbursement from the Trust Estate therefore.

Appears in 1 contract

Sources: Servicing Agreement (Salomon Br Mor Sec Vii Inc Series 1998-11)

Indemnification of the Indenture Trustee. The Servicer agrees to indemnify the Indenture Trustee from, and hold it harmless against, any loss, liability or expense resulting from a breach of the Servicer's obligations and duties under this Agreement. Such indemnity shall survive the termination or discharge of this Agreement. Any payment hereunder made by the Servicer to the Indenture Trustee shall be from the Servicer's own funds, without reimbursement from the Trust Estate therefore.this

Appears in 1 contract

Sources: Servicing Agreement (Salomon Br Mor Sec Vii Inc Series 1998-11)