Ebenezer Standard School

Waiver off Prospective FDIC Indemnification Says of the Morgan Stanley

Waiver off Prospective FDIC Indemnification Says of the Morgan Stanley

age. Any liability in order to otherwise claims of U . s ., the Agency out-of Housing and you will Metropolitan Advancement/Federal Casing Management, the latest Agency out of Experts Things, otherwise Fannie mae or Freddie Mac in accordance with whole loans in Lincoln loans insured, protected, or bought from the Institution away from Construction and you will Urban Development/Government Property Administration, brand new Agency regarding Pros Facts, or Federal national mortgage association or Freddie Mac, except claims considering or arising from the latest securitizations of every particularly financing regarding RMBS placed in Annex 2;

h. One liability into says or make alleged on the following the qui tam procedures, and no setoff pertaining to amounts repaid under so it Agreement shall be reproduced to any healing concerning some of these actions:

D.N

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(i) United states, este al. ex lover rel. Szymoniak v. American Home mortgage Maintenance, Inc., Saxon Mortgage. Inc., et al., Zero. 0:10-cv-01465-JFA (D.S.C.);

6. Releases because of the Morgan Stanley. Morgan Stanley and any current or former affiliated entity and any of their respective successors and assigns fully and finally release the United States and its officers, agents, employees, and servants, from any claims (including attorney’s fees, costs, and expenses of every kind and howev er denominated) that Morgan Stanley has asserted, could have asserted, or may assert in the future against the United States and its officers, agents, employees, and servants, related to the Covered Conduct to the extent released hereunder and the investigation and civil prosecution to date thereof.

7. . Morgan Stanley hereby irrevocably waives any right that it otherwise might have to seek (and in any event agrees that it shall not seek) any form of indemnification, reimbursement or contribution from the FDIC in any capacity, including the FDIC in its Corporate Capacity or the FDIC in its Receiver Capacity for any payment under this Agreement.

9. Unallowable Will cost you Defined. All costs (as defined in the Federal Acquisition Regulation, 48 C.F.R. -47) incurred by or on behalf of Morgan Stanley, and its present or former officers, directors, employees, shareholders, and agents in connection with:

c. Morgan Stanley’s study, defense, and restorative steps done in reaction to your Joined States’ audit(s) and you will civil and any unlawful analysis(s) in connection with this new things protected by that it Contract (including attorney’s costs);

elizabeth. The newest fee Morgan Stanley makes towards the Us pursuant so you’re able to this Agreement, is unallowable costs for regulators employing purposes (hereinafter called “Unallowable Will cost you”).

Any liability in order to otherwise says of one’s National Borrowing from the bank Union Government, people Federal Home loan Lender, or even the Government Put Insurance coverage Organization (also within the capacity because a firm, individual, or conservator) (the brand new “FDIC”);

10. Coming Remedy for Unallowable Will set you back. Unallowable Costs will be separately determined and accounted for by Morgan Stanley, and Morgan Stanley shall not charge such Unallowable Costs directly or indirectly to any contract with the United States.

11. Which Agreement are governed from the laws of your United states. The newest People concur that the fresh private jurisdiction and area your disagreement about this Contract ‘s the United states Area Legal for the Northern District out of Ca.

13. The new Parties know that the Agreement is generated without the demo otherwise adjudication or official looking of any issue of facts or law, which can be maybe not a final acquisition of any judge otherwise governmental expert.

fourteen. Each party shall incur its own legal or any other will cost you incurred in this regard matter, like the planning and gratification with the Arrangement.

fifteen. Both sides and you will signatory to that Contract signifies this freely and you can voluntarily switches into this Arrangement without having any degree of discomfort otherwise compulsion.

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