Common use of Reimbursement of Underwriter Expenses Clause in Contracts

Reimbursement of Underwriter Expenses. If for any reason, other than default by the Underwriter in its obligation to purchase the Public Certificates or termination by the Underwriter pursuant to Section 7 hereof, the Public Certificates are not delivered by or on behalf of BSABS as provided herein, BSABS will reimburse the Underwriter for all out-of-pocket expenses of the Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by the Underwriter in making preparations for the purchase, sale and delivery of the Public Certificates, but BSABS shall then be under no further liability to the Underwriter with respect to the Public Certificates, except as provided in Section 5(d) hereof.

Reimbursement of Underwriter Expenses. If for any reason, other than default by the any Underwriter in its obligation to purchase the Public Certificates or termination by the any Underwriter pursuant to Section 7 hereof, the Public Certificates are not delivered by or on behalf of BSABS as provided herein, BSABS will reimburse the each Underwriter for all out-of-pocket expenses of the such Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by the such Underwriter in making preparations for the purchase, sale and delivery of the Public Certificates, but BSABS shall then be under no further liability to the any Underwriter with respect to the Public Certificates, except as provided in Section 5(d) hereof.