Common use of Payment of Certain Expenses by the Servicer Clause in Contracts

Payment of Certain Expenses by the Servicer. The Servicer 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 Servicer, expenses incurred by the Servicer in connection with payments pursuant to this Agreement, and all other fees and expenses not expressly stated under this Agreement for the account of the Buyer. The initial Servicer shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (CLST Holdings, Inc.), Purchase and Sale Agreement (CLST Holdings, Inc.)