Common use of Depositor Payment Obligation Clause in Contracts

Depositor Payment Obligation. The Servicer shall be responsible for payment of the Administrator's compensation pursuant to Section 3 of the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder.

Depositor Payment Obligation. The To the extent not timely paid by the Trust pursuant to Section 5.02(a), the Servicer shall be responsible for payment of the Administrator's compensation pursuant to Section 3 of the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder.