Reimbursement of Underwriter Expenses. If for any reason, other than default by any Underwriter in its obligation to purchase the Publicly-Offered Certificates or termination by any Underwriter pursuant to Section 7 hereof, the Publicly-Offered Certificates are not delivered as provided herein, the Depositor, the Seller and Redwood Trust jointly and severally agree to reimburse each Underwriter for all damages, losses and out-of-pocket expenses of such Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by such Underwriter in making preparations for the purchase, sale and delivery of the Publicly-Offered Certificates, but the Depositor, the Seller and Redwood Trust shall then be under no further liability to any Underwriter with respect to the Publicly-Offered Certificates, except as provided in Sections 5(a)(iv), 8, 11 or 12 hereof.
Appears in 3 contracts
Samples: Underwriting Agreement (Sequoia Mortgage Trust 2007-3), Underwriting Agreement (Sequoia Mortgage Trust 2007-4), Underwriting Agreement (Sequoia Mortgage Trust 2007-2)
Reimbursement of Underwriter Expenses. If for any reason, other than default by any Underwriter in its obligation to purchase the Publicly-Offered Certificates or termination by any Underwriter pursuant to Section 7 hereof, the Publicly-Offered Certificates are not delivered as provided herein, the Depositor, the Seller and Redwood Trust jointly and severally agree to reimburse each Underwriter for all damages, losses and out-of-pocket expenses of such Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by such Underwriter in making preparations for the purchase, sale and delivery of the Publicly-Offered Certificates, but the Depositor, the Seller and Redwood Trust shall then be under no further liability to any Underwriter with respect to the Publicly-Offered Certificates, except as provided in Sections Section 5(a)(iv), Section 8, 11 Section 12 or 12 Section 13 hereof.
Appears in 1 contract
Samples: Sequoia Mortgage Trust 2005-4
Reimbursement of Underwriter Expenses. If for any reason, other than default by any Underwriter in its obligation to purchase the Publicly-Offered Certificates or termination by any Underwriter pursuant to Section 7 hereof, the Publicly-Offered Certificates are not delivered as provided herein, the Depositor, the Seller and Redwood Trust jointly and severally agree to reimburse each Underwriter for all damages, losses and out-of-pocket expenses of such Underwriter, including reasonable fees and disbursements of its counsel, reasonably incurred by such Underwriter in making preparations for the purchase, sale and delivery of the Publicly-Offered Certificates, but the Depositor, the Seller and Redwood Trust shall then be under no further liability to any Underwriter with respect to the Publicly-Offered Certificates, except as provided in Sections Section 5(a)(iv), Section 8, Section 11 or 12 Section 11 hereof.. 192618 SEMT 2006-1 Underwriting Agreement 35
Appears in 1 contract
Samples: Underwriting Agreement (Sequoia Mortgage Trust 2006-1)