Common use of Expenses of Servicer Clause in Contracts

Expenses of Servicer. (a) The Trustee must reimburse the Servicer for all legal and selling expenses relating to the enforcement and recovery of the Receivables, including legal expenses, valuations, premiums on force-placed insurance policies where the relevant Obligor has cancelled or let lapse an insurance policy, rates and taxes, any amount repaid to a liquidator or trustee in bankruptcy under any applicable law, binding code, order or decision of a court, tribunal or the like or based on the advice of the Servicer's legal advisers, and other reasonable amounts which the Servicer reasonably spends or incurs in relation to the enforcement or sale, provided that where the consent of an insurer under a Mortgage Insurance Policy is required in order for an expense to be reimbursable by that insurer, the Servicer will only be reimbursed where it has obtained that consent. This right of reimbursement to the Servicer is subject to the terms of any relevant Trust Back under the Master Trust Deed.