Fannie Mae Indemnification Agreement
the exemption agreement has been duly executed and delivered by the responsible party and may be implemented with respect to the responsible party in accordance with its terms; Fannie Mae`s offer to enter into a compensation agreement should not be construed as a precedent or otherwise considered a remedy between the parties in the settlement of past, present or future claims. 10. Appeal by the recipient of compensation in the event of a finding that no compensation or expenses has been paid. In the event that it is established that the person liable for compensation is not entitled to compensation under this Agreement, if payment has not been made in good time after the establishment of entitlement to compensation in accordance with Sections 8 and 9 or if costs have not been paid in accordance with Article 15, the indemnitee is entitled to a final decision of a competent court on the right to such compensation or payment. In addition, the indemnification provider may apply to the indemnification option for an arbitral award in arbitration proceedings conducted by a single arbitrator in accordance with the rules of the American Arbitration Association, to be rendered within sixty days of the filing of the request for arbitration. Fannie Mae will not object to the right of indemnification to seek such award or arbitration award or any other claim. The decision in such judicial or arbitral proceedings is made de novo and the compensation officer is not affected by a decision (if this is done) in accordance with sections 8 or 9, according to which the indemnitee is not entitled to compensation. If, in accordance with paragraphs 8 or 9, or if a finding is made that the indemnitee is entitled to compensation, Fannie Mae shall be bound by that finding and may not claim that such a finding has not been made or that the procedure by which that finding was made is not valid. mandatory and enforceable. Fannie Mae also agrees to determine in such court or arbitrator that Fannie Mae is bound by all provisions of this Agreement and that it cannot make any allegations to the contrary. If the Tribunal or Arbitrator finds that the Indemnitee is entitled to compensation or payment of expenses under this Agreement, Fannie Mae shall pay all actual and reasonable expenses incurred by the Recipient in connection with such award or arbitral award (including, but not limited to, appeal proceedings). where a product, service or technology is subject to termination of this separate agreement.
under the terms of an applicable repo transaction, a contractual term or an agreement of the seller/service provider, to grant a remedy for the term of the mortgage or for another specified period. . . .