Common use of Depositor Payment Obligation Clause in Contracts

Depositor Payment Obligation. The Depositor shall be responsible for the payment of all fees and expenses, if any, of the Issuer, the Owner Trustee and the Indenture Trustee, as applicable, paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain or monitor the renewal of any required license of the Trust under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Code Financial Institutions, Title 11, Subtitle 4.

Depositor Payment Obligation. The Depositor shall be responsible for the payment of all fees and expenses, if any, expenses of the IssuerTrust, the Owner Trustee and the Indenture Trustee, as applicable, Trustee paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain or monitor the renewal of any required license of the Trust under the Pennsylvania Motor Vehicle Sales Finance Act and the Maryland Code Financial Institutions, Title 11, Subtitle 4Act.