Common use of Custodian's Fees and Expenses Clause in Contracts

Custodian's Fees and Expenses. The Custodian hereby acknowledges that the Sellers have agreed to pay all fees due and owing to, and except as otherwise provided herein, any expenses incurred by the Custodian associated with the Mortgage Files delivered by each Seller under this Agreement. The fees due to the Custodian for its services hereunder shall be as set forth in a separate agreement between the Custodian and the Sellers. In addition to the fees referred to in the two foregoing sentences, the Sellers have agreed to pay all out-of-pocket expenses incurred by the Custodian in connection with the review of each Mortgage File delivered by each Seller or its agent and the Custodian’s issuance of a Trust Receipt relating thereto. The Financing Party shall not have any liability or obligation to pay any fees or expenses of the Custodian, and the duties of the Custodian hereunder shall be independent of each Seller’s performance of its obligations to the Custodian in respect of such fees.

Appears in 2 contracts

Sources: Custodial Agreement (Residential Capital, LLC), Custodial Agreement (Residential Capital, LLC)

Custodian's Fees and Expenses. The Custodian hereby acknowledges that the Sellers have Borrower has agreed to pay all reasonable fees due and owing to, and except as otherwise provided herein, any reasonable expenses incurred by the Custodian associated with the Mortgage Files delivered by each Seller under this Agreement. The fees due to the Custodian for its services hereunder shall be as set forth in a separate letter agreement between the Custodian and the SellersBorrower. In addition to the fees referred to in the two foregoing sentences, the Sellers have Borrower has agreed to pay all reasonable out-of-pocket expenses incurred by the Custodian in connection with the review of each Mortgage File delivered by each Seller it or its agent and the Custodian’s its issuance of a Trust Receipt relating thereto. The Financing Party Neither Lender nor any Third Person shall not have any liability or obligation to pay any such fees or expenses of the Custodianexpenses, and the duties of the Custodian hereunder shall be independent of each Seller’s Borrower's performance of its obligations to the Custodian in respect of such feesfees and expenses.

Appears in 2 contracts

Sources: Custody Agreement (Cityscape Financial Corp), Custody Agreement (Cityscape Financial Corp)

Custodian's Fees and Expenses. The Custodian hereby acknowledges that the Sellers have Borrower has agreed to pay all fees due and owing to, and except as otherwise provided herein, any expenses incurred by the Custodian associated with the Mortgage Files delivered by each Seller under this Agreement. The fees due to the Custodian for its services hereunder shall be as set forth in a separate letter agreement between the Custodian and the SellersBorrower. In addition to the fees referred to in the two foregoing sentences, the Sellers have Borrower has agreed to pay all out-of-pocket expenses incurred by the Custodian in connection with the review of each Mortgage File delivered by each Seller it or its agent and the Custodian’s its issuance of a Trust Receipt relating thereto. The Financing Party Neither Lender nor any Third Person shall not have any liability or obligation to pay any such fees or expenses of the Custodianexpenses, and the duties of the Custodian hereunder shall be independent of each Seller’s Borrower's performance of its obligations to the Custodian in respect of such feesfees and expenses.

Appears in 1 contract

Sources: Custody Agreement (Imc Mortgage Co)

Custodian's Fees and Expenses. The Custodian hereby acknowledges that the Sellers have Seller has agreed to pay all fees due and owing to, and except as otherwise provided herein, any expenses incurred by the Custodian associated with the Mortgage Files delivered by each Seller under this Agreement. The fees due to the Custodian for its services hereunder shall be as set forth in a separate letter agreement between the Custodian and the SellersSeller. In addition to the fees referred to in the two foregoing sentences, the Sellers have Seller has agreed to pay all out-of-pocket expenses incurred by the Custodian in connection with the review of each Mortgage File delivered by each Seller it or its agent and the Custodian’s its issuance of a Trust Receipt relating thereto. The Financing Party Neither Buyer nor any Third Person shall not have any liability or obligation to pay any such fees or expenses of the Custodianexpenses, and the duties of the Custodian hereunder shall be independent of each Seller’s 's performance of its obligations to the Custodian in respect of such feesfees and expenses.

Appears in 1 contract

Sources: Tri Party Custodial Agreement (Firstplus Financial Group Inc)

Custodian's Fees and Expenses. The Custodian hereby acknowledges that the Sellers have Seller has agreed to pay all fees due and owing to, and except as otherwise provided herein, any expenses incurred by the Custodian associated with the Mortgage Files delivered by each Seller under this Agreement. The fees due to the Custodian for its services hereunder shall be as set forth in a separate letter agreement between the Custodian and the SellersSeller. In addition to the fees referred to in the two foregoing sentences, the Sellers have Seller has agreed to pay all out-of-pocket expenses incurred by the Custodian in connection with the review of each Mortgage File delivered by each Seller it or its agent pursuant to the terms of this Agreement and the Custodian’s its issuance of a Trust Receipt relating thereto. The Financing Party Neither Buyer nor any Third Person shall not have any liability or obligation to pay any such fees or expenses of the Custodianexpenses, and the duties of the Custodian hereunder shall be independent of each Seller’s 's performance of its obligations to the Custodian in respect of such feesfees and expenses.

Appears in 1 contract

Sources: Master Repurchase Agreement (Rock Financial Corp/Mi/)