Common use of Payment of Initial Premium and Expenses Clause in Contracts

Payment of Initial Premium and Expenses. The Insurer shall have been paid, by the Servicer, that portion of a nonrefundable Premium payable on the Date of Issuance, if any, and the Servicer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 hereof as payable.

Payment of Initial Premium and Expenses. The Insurer shall have been paid, by the Issuer, the Master Servicer, the Seller and the Depositor, that portion of a nonrefundable Premium payable on the Date of Issuance, if any, and the Master Servicer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 hereof as payable.

Payment of Initial Premium and Expenses. The Insurer shall have been paid, paid by the Issuer, the Master Servicer, the Seller and the Depositor, that portion of a nonrefundable Premium payable on the Date of Issuance, if any, and the Master Servicer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 hereof as payable.

Payment of Initial Premium and Expenses. The Insurer shall have been paid, by the Servicer, the Seller, the Originator and the Issuer, that portion of a nonrefundable Premium payable on the Date of Issuance, if any, and the Servicer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 hereof as payable.