Reimbursement and Additional Payment Obligation of the Seller, the Master Servicer and the Depositor Sample Clauses

Reimbursement and Additional Payment Obligation of the Seller, the Master Servicer and the Depositor. (a) In accordance with the priorities established in Section 5.02 of the Trust Agreement, the Insurer shall be entitled to reimbursement for any payment made by the Insurer under the Policy, which reimbursement shall be due and payable on the date that any amount is to be paid pursuant to a Notice (as defined in the Policy), in an amount equal to the amount to be so paid and all amounts previously paid that remain unreimbursed, together with interest on any and all amounts remaining unreimbursed (to the extent permitted by law, if in respect of any unreimbursed amounts representing interest) from the date such amounts became due until paid in full (after as well as before judgment), at a rate of interest equal to the Late Payment Rate. (b) Notwithstanding anything in Section 3.03(a) to the contrary, the Seller, the Master Servicer and the Depositor agree to reimburse the Insurer as follows: (i) from the Seller, for payments made under the Policy arising as a result of the Transferor's or the Seller's failure to repurchase any Mortgage Loan required to be repurchased pursuant to the Purchase Agreement or the Mortgage Loan Sale and Assignment Agreement , together with interest on any and all amounts remaining unreimbursed (to the extent permitted by law, if in respect of any unreimbursed amounts representing interest) from the date such amounts became due until paid in full (after as well as before judgment), at a rate of interest equal to the Late Payment Rate and (ii) from the Master Servicer, for payments made under the Policy, arising as a result of the Master Servicer's failure to deposit into the Collection Account any amount required to be so deposited pursuant to the Trust Agreement, together with interest on any and all amounts remaining unreimbursed (to the extent permitted by law, if in respect to any unreimbursed amounts representing interest) from the date such amounts became due until paid in full (after as well as before judgment), at a rate of interest equal to the Late Payment Rate. (c) The Seller and the Depositor each agree to reimburse the Insurer, immediately upon receipt of two Business Days' prior written notice, for any and all charges, fees, costs and expenses that the Insurer may reasonably pay or incur including, but not limited to, reasonable attorneys' and accountants' fees and reasonable expenses, in connection with (a) the enforcement, defense or preservation of any rights in respect of any of the Transaction Documents, includi...