Organizational Expenses; Liabilities of the Holders Sample Clauses

Organizational Expenses; Liabilities of the Holders. (a) The Servicer shall pay organizational expenses of the Issuer as they may arise. (b) No Certificateholder (including the Seller if the Seller becomes a Certificateholder) shall have any personal liability for any liability or obligation of the Issuer.
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Organizational Expenses; Liabilities of the Holders. (a) Depositor shall pay organizational expenses of Issuer as they may arise or shall, upon the request of Owner Trustee, promptly reimburse Owner Trustee for any such expenses paid by Owner Trustee. (b) No Holder or Owner shall have any personal liability for any liability or obligation of the Trust.
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Organizational Expenses; Liabilities of the Holders. (a) The Servicer shall pay organizational expenses of the Grantor Trust as they may arise. (b) No Grantor Trust Certificateholder (including the Grantor Trust Seller if the Grantor Trust Seller becomes a Grantor Trust Certificateholder) shall have any personal liability for any liability or obligation of the Grantor Trust.
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Organizational Expenses; Liabilities of the Holders. (a) The Depositor shall cause the Seller to pay organizational expenses of the Issuer as they may arise or shall, pursuant to Section 2(a)(v)(F) of the Administration Agreement, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee. (b) Neither the Depositor (except as otherwise provided herein) nor any Certificateholder (including the Seller if it is a Certificateholder) shall have any personal liability for any liability or obligation of the Issuer. The Depositor and the Certificateholders shall be entitled to the same limitation of personal liability extended to stockholders of corporations organized for profit under the Delaware General Corporation Law.
Sample 1
Organizational Expenses; Liabilities of the Holders. (a) The Seller shall pay organizational expenses of the Issuer as they may arise, including, without limitation, the commitment fee to the initial Holder of the Revolving Liquidity Note required to be paid pursuant to Section 4.1 of the Revolving Liquidity Note Agreement. (b) No Residual Interestholder (including the Seller, if the Seller is or becomes a Residual Interestholder) shall have any personal liability for any liability or obligation of the Issuer.
Sample 1
Organizational Expenses; Liabilities of the Holders. (a) The Servicer shall pay organizational expenses of the Issuer as they may arise.
Sample 1
Organizational Expenses; Liabilities of the Holders. Trust Agreement (a) The Servicer shall pay organizational expenses of the Issuer as they may arise. (b) No Residual Interestholder (including the Seller) shall have any personal liability for any liability or obligation of the Issuer.
Sample 1
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Related to Organizational Expenses; Liabilities of the Holders

  • Organization Expenses All expenses incurred in connection with organization of the Company will be paid by the Company.

  • Compensation; Allocation of Costs and Expenses In full consideration of the provision of the services of the Administrator, the Company shall reimburse the Administrator for the costs and expenses incurred by the Administrator in performing its obligations and providing personnel and facilities hereunder. The Company will bear all costs and expenses that are incurred in its operation and transactions that are not specifically assumed by the Company’s investment adviser, Gladstone Management Corporation (the “Adviser”), pursuant to that certain Amended and Restated Investment Advisory Agreement, dated the same date hereof by and between the Company and the Adviser. Costs and expenses to be borne by the Company include, but are not limited to, those relating to: organization and offering; expenses incurred by the Adviser payable to third parties, including agents, consultants or other advisors (such as independent valuation firms, accountants and legal counsel), in monitoring financial and legal affairs for the Company and in monitoring the Company’s investments and performing due diligence on its prospective portfolio companies; interest and fees payable on debt, if any, incurred to finance the Company’s investments; offerings of the Company’s common stock, preferred stock and other securities; investment advisory and management fees; administration fees, if any, payable under this Agreement; fees payable to third parties, including agents, consultants or other advisors, relating to, or associated with, evaluating and making investments; transfer agent and custodial fees; federal and state registration fees; all costs of registration and listing the Company’s shares on any securities exchange; federal, state and local taxes; independent directors’ fees and expenses; costs of preparing and filing reports or other documents required by the SEC; costs of any reports, proxy statements or other notices to stockholders, including printing costs; the Company’s allocable portion of the fidelity bond, directors and officers and errors and omissions liability insurance, and any other insurance premiums; direct costs and expenses of administration, including printing, mailing, long distance telephone, copying, secretarial and other staff, independent auditors and outside legal costs; and all other expenses incurred by the Company or the Administrator in connection with administering the Company’s business, including payments under this Agreement based upon the Company’s allocable portion of the Administrator’s overhead in performing its obligations under this Agreement, including rent, and the allocable portion of the salaries and benefits expenses of the Company’s chief compliance officer, treasurer, chief financial officer and controller and their respective staffs.

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