Common use of Payment of Certain Expenses by Collateral Manager Clause in Contracts

Payment of Certain Expenses by Collateral Manager. The Collateral Manager will be required to pay all expenses incurred by it in connection with its activities under this Agreement, including fees and disbursements of its independent accountants, Taxes imposed on the Collateral Manager, expenses incurred by the Collateral Manager in connection with payments and reports pursuant to this Agreement, and all other fees and expenses not expressly stated under this Agreement for the account of the Borrower; provided that the Collateral Manager will be reimbursed for any reasonable out-of-pocket expenses incurred hereunder (including out-of-pocket expenses paid by the Collateral Manager on behalf of the Borrower, any Taxes incurred in the performance of its duties as Collateral Manager hereunder (but not in respect of any Taxes payable by the Collateral Manager on its compensation) and reasonable documented attorney’s fees), subject to the availability of funds pursuant to Section 2.04. The Collateral Manager will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Controlled Accounts.

Payment of Certain Expenses by Collateral Manager. The Collateral Manager will be required to pay all expenses incurred by it in connection with its activities under this Agreement, including fees and disbursements of its independent accountants, Taxes imposed on the Collateral Manager, expenses incurred by the Collateral Manager in connection with payments and reports pursuant to this Agreement, and all other fees and expenses not expressly stated under this Agreement for the account of the Borrower; provided that the Collateral Manager will be reimbursed for any reasonable out-of-pocket expenses incurred hereunder (including out-out- of-pocket expenses paid by the Collateral Manager on behalf of the Borrower, any Taxes incurred in the performance of its duties as Collateral Manager hereunder (but not in respect of any Taxes payable by the Collateral Manager on its compensation) and reasonable documented attorney’s fees), subject to the availability of funds pursuant to Section 2.04. The Collateral Manager will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Controlled Accounts.