Common use of Fees and Expenses of Disbursement Agent Clause in Contracts

Fees and Expenses of Disbursement Agent. (i) Disbursement Agent shall charge such fees for its services under this Agreement as are set forth in a separate agreement between Disbursement Agent and AHMC, the payment of which fees, together with Disbursement Agent's expenses in connection herewith, shall be solely the obligation of Seller. The failure of Seller to pay any such fees shall not excuse the performance by Disbursement Agent of any of its obligations hereunder. The obligations of the Seller to pay Disbursement Agent such fees and reimburse Disbursement Agent for such expenses in connection with services provided by Disbursement Agent prior to the termination of this Agreement and the earlier of the resignation or removal of Disbursement Agent shall survive such termination, resignation or removal. (ii) Seller shall be responsible for the standard fees and charges of Disbursement Agent applicable to each Transaction Account. To the extent that Seller has not paid such fees within a reasonable amount of time from Seller's receipt of notice of such fees and charges, Disbursement Agent shall provide written notice to Buyer of Seller's failure to pay such fees and Buyer shall have the option, in its sole discretion, to cure such failure.

Appears in 2 contracts

Samples: Custodial and Disbursement Agreement (American Home Mortgage Investment Corp), Custodial and Disbursement Agreement (American Home Mortgage Investment Corp)

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Fees and Expenses of Disbursement Agent. (i) Disbursement Agent shall charge such fees for its services under this Agreement as are set forth in a separate agreement between Disbursement Agent and AHMC, the payment of which fees, together with Disbursement Agent's ’s expenses in connection herewith, shall be solely the obligation of Seller. The failure of Seller to pay any such fees shall not excuse the performance by Disbursement Agent of any of its obligations hereunder. The obligations of the Seller to pay Disbursement Agent such fees and reimburse Disbursement Agent for such expenses in connection with services provided by Disbursement Agent prior to the termination of this Agreement and the earlier of the resignation or removal of Disbursement Agent shall survive such termination, resignation or removal. (ii) Seller shall be responsible for the standard fees and charges of Disbursement Agent applicable to each Transaction Account. To the extent that Seller has not paid such fees within a reasonable amount of time from Seller's ’s receipt of notice of such fees and charges, Disbursement Agent shall provide written notice to Buyer of Seller's ’s failure to pay such fees and Buyer shall have the option, in its sole discretion, to cure such failure.

Appears in 1 contract

Samples: Custodial and Disbursement Agreement (American Home Mortgage Investment Corp)

Fees and Expenses of Disbursement Agent. (i) Disbursement Agent shall charge such fees for its services under this Agreement as are set forth in a separate agreement between Disbursement Agent and AHMCSeller, the payment of which fees, together with Disbursement Agent's expenses in connection herewith, shall be solely the obligation of Seller. The failure of Seller to pay any such fees shall not excuse the performance by Disbursement Agent of any of its obligations hereunder. The obligations of the Seller to pay Disbursement Agent such fees and reimburse Disbursement Agent for such expenses in connection with services provided by Disbursement Agent prior to the termination of this Agreement and the earlier of the resignation or removal of Disbursement Agent shall survive such termination, resignation or removal. (ii) Seller shall be responsible for the standard fees and charges of Disbursement Agent applicable to each Transaction Account. To the extent that Seller has not paid such fees within a reasonable amount of time from Seller's receipt of notice of such fees and charges, Disbursement Agent shall provide written notice to Buyer of Seller's failure to pay such fees and Buyer shall have the option, in its sole discretion, to cure such failure.

Appears in 1 contract

Samples: Custodial and Disbursement Agreement (American Home Mortgage Holdings Inc)

Fees and Expenses of Disbursement Agent. (i) Disbursement Agent shall charge such fees for its services under this Custodial Agreement as are set forth in a separate agreement between Disbursement Agent and AHMCSellers, the payment of which fees, together with Disbursement Agent's expenses (including, but not limited to, legal fees and expenses) in connection herewith, shall be solely the joint and several obligation of SellerSellers. The failure of Seller Sellers to pay any such fees shall not excuse the performance by Disbursement Agent of any of its obligations hereunder. The obligations of the Seller Sellers to pay Disbursement Agent such fees and reimburse Disbursement Agent for such expenses in connection with services provided by Disbursement Agent prior to the termination of this Custodial Agreement and the earlier of the resignation or removal of Disbursement Agent shall survive such termination, resignation or removal. (ii) Seller Sellers shall be responsible for the standard fees and charges of Disbursement Agent applicable to each Transaction Account. To the extent that Seller has not paid such fees within a reasonable amount of time from Seller's Sellers' receipt of notice of such fees and charges, Disbursement Agent shall provide written notice to the Buyer of Seller's Sellers' failure to pay such fees and the Buyer shall have the option, in its sole discretion, to cure such failure.

Appears in 1 contract

Samples: Custodial and Disbursement Agreement (MortgageIT Holdings, Inc.)

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Fees and Expenses of Disbursement Agent. (i) Disbursement Agent shall charge such fees for its services under this Agreement as are set forth in a separate agreement between Disbursement Agent and AHMCSeller, the payment of which fees, together with Disbursement Agent's expenses in connection herewith, shall be solely the obligation of Seller. The failure of Seller to pay any such fees shall not excuse the performance by Disbursement Agent of any of its obligations hereunder. The obligations of the Seller to pay Disbursement Agent such fees and reimburse Disbursement Agent for such expenses in connection with services provided by Disbursement Agent prior to the termination of this Agreement and the earlier of the resignation or removal of Disbursement Agent shall survive such termination, resignation termination or removal. (ii) Seller shall be responsible for the standard fees and charges of Disbursement Agent applicable to each Transaction Account. To the extent that Seller has not paid such fees within a reasonable amount of time from Seller's receipt of notice of such fees and charges, Disbursement Agent shall provide written notice to Buyer of Seller's failure to pay such fees and Buyer shall have the option, in its sole discretion, to cure such failure.

Appears in 1 contract

Samples: Custodial and Disbursement Agreement (Oak Street Financial Services Inc)

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