Common use of Depositor Payment Obligation Clause in Contracts

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer and the Trustees paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any required license under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Act (MD Fin. Inst. Code Axx., Title 11, Subtitle 4).

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer and the Trustees paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any required license under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Act (MD Fin. Inst. Code AxxXxx., Title 11, Subtitle 4).

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s 's compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer and the Trustees paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any required license under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Act (MD Fin. Inst. Code AxxXxx., Title 11, Subtitle 4).

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s compensation 's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer Trust, the Owner Trustee and the Trustees Indenture Trustee paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain maintain, on behalf of the Trust, any required license licenses under the Pennsylvania Motor Vehicle Sales Finance Act and the Annotated Code of Maryland Act (MD FinFinancial Institutions ss. Inst. Code Axx11-403., Title 11, Subtitle 4).

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s compensation 's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer Trust, the Owner Trustee and the Trustees Indenture Trustee paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any required license licenses under the Pennsylvania Motor Vehicle Sales Finance Act and the Annotated Code of Maryland Act (MD FinFinancial Institutions ss. Inst. Code Axx11-403., Title 11, Subtitle 4).

Depositor Payment Obligation. The Depositor shall be responsible for payment of the Administrator’s 's compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the Depositor shall be responsible for the payment of all fees and expenses of the Issuer and the Trustees paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any required license under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Act (MD Fin. Inst. Code AxxAnn., Title 11, Subtitle 4).