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 Issuer, that portion of a nonrefundable Premium payable on the Closing Date and the Issuer shall agree to reimburse or pay directly other fees and expenses identified in Section 3.02 as then payable to or in respect of the Insurer.

Payment of Initial Premium and Expenses. The Insurer shall have been paid, by the Issuer, that portion of a nonrefundable Premium payable on the Initial Closing Date and the Issuer shall agree to reimburse have reimbursed or pay paid directly the other fees and expenses identified in Section 3.02 3.03 hereof as then payable to or in respect of at the InsurerInitial Closing.