Common use of Payment of Certain Expenses by Servicer Clause in Contracts

Payment of Certain Expenses by Servicer. The Seller and any Servicer will be required to pay all expenses incurred by them in connection with their activities under the Repurchase Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller or the Servicers, expenses incurred in connection with payments and reports pursuant to the Repurchase Documents, and all other fees and expenses not expressly stated under the Repurchase Documents for the account of the Seller. The Seller shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased Items. The Seller shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor other than the Servicing Fee.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Northstar Realty), Master Repurchase Agreement (Northstar Realty), Master Repurchase Agreement (Northstar Realty)

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Payment of Certain Expenses by Servicer. The Seller Borrowers and any Servicer will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Credit Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller Borrowers or the Servicers, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Credit Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Credit Documents for the account of the SellerBorrowers. The Seller Borrowers shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased ItemsCollateral. The Seller Borrowers shall be required to pay such expenses for its their own account and shall not be entitled to any payment therefor other than the Servicing Fee.

Appears in 3 contracts

Samples: Credit Agreement (Arbor Realty Trust Inc), Credit Agreement (Arbor Realty Trust Inc), Credit Agreement (CapLease, Inc.)

Payment of Certain Expenses by Servicer. The Seller and any Servicer Borrower will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Loan Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller or the ServicersBorrower, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Loan Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Loan Documents for the account of the SellerBorrower. The Seller Borrower shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased ItemsCollateral. The Seller Borrower shall be required to pay such expenses for its their own account and shall not be entitled to any payment therefor other than the Servicing Feetherefor.

Appears in 1 contract

Samples: Credit Agreement (CapLease, Inc.)

Payment of Certain Expenses by Servicer. The Seller Borrowers and any Servicer will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Credit Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller Borrowers or the Servicers, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Credit Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Credit Documents for the account of the SellerBorrowers. The Seller Borrowers shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased ItemsCollateral. The Seller Borrowers shall be required to pay such expenses for its their own account and shall not be entitled to any payment therefor other than the Servicing Feetherefor.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

Payment of Certain Expenses by Servicer. The Seller Borrowers and any Servicer will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Credit Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller Borrowers or the Servicers, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Credit Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Credit Documents for the account of the SellerBorrowers. The Seller Borrowers shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased Items. The Seller shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor other than the Servicing FeeCollateral.

Appears in 1 contract

Samples: Credit Agreement (Northstar Realty)

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Payment of Certain Expenses by Servicer. The Seller Borrowers and any Servicer will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Credit Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller Borrowers or the Servicers, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Credit Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Credit Documents for the account of the SellerBorrowers. The Seller Borrowers shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased Items. The Seller shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor other than the Servicing FeeCollateral.

Appears in 1 contract

Samples: Credit Agreement (Northstar Realty)

Payment of Certain Expenses by Servicer. The Seller Borrowers and any Servicer will be required to pay all expenses incurred by them in connection with their activities under this Agreement and the Repurchase other Credit Documents, including fees and disbursements of independent accountants, Taxes imposed on the Seller Borrowers or the Servicers, expenses incurred in connection with payments and reports pursuant to this Agreement and the Repurchase other Credit Documents, and all other fees and expenses not expressly stated under this Agreement and the Repurchase other Credit Documents for the account of the SellerBorrowers. The Seller Borrowers shall be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Securities Account and all other collection, reserve or lock-box accounts related to the Purchased ItemsCollateral. The Seller Borrowers shall be required to pay such expenses for its their own account and shall not be entitled to any payment therefor other than the Servicing Fee.

Appears in 1 contract

Samples: Credit Agreement (CapLease, Inc.)

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