Common use of EXPENSES AND DEDUCTIONS Clause in Contracts

EXPENSES AND DEDUCTIONS. 1a. Rent, telephone service, commissions, salaries and any other expenses required by SkoFed will be paid on the first of each month. 2b. All costs incurred by SkoFed in the connection with the repurchase of any loans originated within the Branch, including without limitation disputes or settlements involving demands to repurchase loans; loss or costs, including reasonable attorney's fees arising out of suits, actions, audits, foreclosures, or legal proceedings of any nature, arising out of the activities or operations of the branch because of fraud or other misrepresentations caused by Branch Office personnel shall be paid by the Branch.

EXPENSES AND DEDUCTIONS. 1a. Rent, telephone service, commissions, salaries and any other expenses required by SkoFed Skofed will be paid on the first of each month. 2b. All costs incurred by SkoFed Skofed in the connection with the repurchase of any loans originated within the Branch, including without limitation disputes or settlements involving demands to repurchase loans; loss or costs, including reasonable attorney's fees arising out of suits, actions, audits, foreclosures, or legal proceedings of any nature, arising out of the activities or operations of the branch because of fraud or other misrepresentations caused by Branch Office personnel shall be paid by the Branch.