Securitization Expenses definition
Examples of Securitization Expenses in a sentence
The Obligors agree to pay and reimburse the Servicer as Additional Securitization Expenses for all expenses reasonably incurred by the Servicer in connection with (a) monitoring, reviewing or performing such Remedial Work, (b) investigating potential environmental claims against the Asset Entities or (c) participating in any legal or administrative proceeding against the Asset Entities or their assets under applicable environmental law.
The Indenture Trustee shall not be responsible for monitoring the Control Accounts or Collection Account and all fees, expenses and indemnity amounts payable to any entity that is holding such Control Account or the Collection Account shall, with respect to such account, be treated as costs and expenses borne by the Obligors and paid as Additional Securitization Expenses pursuant to the Priority of Payments.
The Securitization Expenses shall be used by Administrative Agent to pay its costs and expenses as set forth above and any portion of the Securitization Expenses not expended in connection with the Securitization shall be promptly returned to Borrower.
On the 15th day following receipt by the Seller of an Indemnification Notice or Claims Notice in respect of Loan Level Indemnification Amounts or Significant Unreimbursed Securitization Expenses and such supporting documentation, including the required information in the Claims Request Data Form, the Seller shall pay to the Purchaser the Loan Level Indemnification Amounts or Significant Unreimbursed Securitization Expenses, as applicable, identified in such Indemnification Notice or Claims Notice.
Significant Unreimbursed Securitization Expenses: As defined in Section 3.03(a)(vi) of this Agreement.