Common use of Payment of Invoices Clause in Contracts

Payment of Invoices. When applicable pursuant to this Section, the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 5.04(b) or 8.03 of the Indenture, as applicable. The Asset Representations Reviewer will issue invoices to the Issuer at the notices addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer within 30 days following the receipt by the Issuer, in accordance with the priority of payments described in Section 5.04(b) or 8.03 of the Indenture, as applicable. The Administrator shall promptly pay to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 5.04(b) or 8.03 of the Indenture, as applicable; provided that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with the terms of such Sections. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities specified in Section 8.03 of the Indenture shall not apply to payments made or to be made by the Administrator to the Asset Representations Reviewer pursuant to this subsection.

Appears in 20 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Review Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2018-B)

AutoNDA by SimpleDocs

Payment of Invoices. When applicable pursuant to this Section, the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 5.04(b) or 8.03 2.08 of the Indenture, as applicable. The Asset Representations Reviewer will issue invoices to the Issuer at the notices addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer within 30 days no later than the Payment Date relating to the Collection Period that includes the 30th day following the receipt by the Issuer, in accordance with the priority of payments described in Section 5.04(b) or 8.03 2.08 of the Indenture, as applicable. The Administrator shall promptly pay to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 5.04(b) or 8.03 2.08 of the Indenture; provided, as applicable; provided that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with Section 2.08 of the terms of such SectionsIndenture, as applicable. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities specified in Section 8.03 2.08 of the Indenture shall not apply to payments made or to be made by the Administrator to the Asset Representations Reviewer pursuant to this subsection.

Appears in 9 contracts

Samples: Daimler Trucks Retail Trust (Daimler Trucks Retail Receivables LLC), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Agreement (Mercedes-Benz Auto Receivables Trust 2023-1)

Payment of Invoices. When applicable pursuant to this SectionSection 4.03, the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 5.04(b) 8.03 or 8.03 Section 5.04 of the Indenture, as applicable. The Asset Representations Reviewer will issue invoices to the Issuer at the notices addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer within 30 thirty (30) days following the receipt by the Issuer, in accordance with the priority of payments described in Section 5.04(b) 8.03 or 8.03 Section 5.04 of the Indenture, as applicable. The Administrator shall promptly pay to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 5.04(b) 8.03 or 8.03 Section 5.04 of the Indenture, as applicable; provided that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with the terms of such SectionsSection 8.03 or Section 5.04 of the Indenture, as applicable. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities specified in Section 8.03 of the Indenture shall not apply to payments made or to be made by the Administrator to the Asset Representations Reviewer pursuant to this subsectionSection 4.03(e).

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

Payment of Invoices. When applicable pursuant to this Section, the fees and expenses of the Asset Representations Reviewer are to be paid via the priority of payments described in Section 5.04(b) or 8.03 2.08 of the Indenture, as applicable. The Asset Representations Reviewer will issue invoices to the Issuer at the notices notice addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by the Asset Representations Reviewer within 30 days no later than the Payment Date relating to the Collection Period that includes the 30th day following the receipt by the Issuer, in accordance with the priority of payments described in Section 5.04(b) or 8.03 2.08 of the Indenture, as applicable. The Administrator shall promptly pay to the Asset Representations Reviewer the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 5.04(b) or 8.03 2.08 of the Indenture; provided, as applicable; provided that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with Section 2.08 of the terms of such SectionsIndenture, as applicable. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities specified in Section 8.03 2.08 of the Indenture shall not apply to payments made or to be made by the Administrator to the Asset Representations Reviewer pursuant to this subsection.

Appears in 4 contracts

Samples: Daimler Trucks (Daimler Trucks Retail Trust 2024-1), Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

AutoNDA by SimpleDocs

Payment of Invoices. When applicable pursuant to this SectionSection 4.02 and Section 4.05, the fees Asset Representations Reviewer will invoice the Servicer at the notices address set forth in Section 11.04 of the Sale and Servicing Agreement, and all such invoices are payable within thirty (30) days of receipt. In the event fees, expenses and indemnities of the Asset Representations Reviewer are not paid by the Servicer within thirty (30) days following the Servicer’s receipt of an invoice, the Asset Representations Reviewer will submit invoices to be paid via the Issuer (with a copy to the Administrator) at the notices address set forth in Section 11.04 of the Sale and Servicing Agreement, and the Issuer shall or will cause the Administrator to, pay all such invoices according to the priority of payments described in Section 5.04(b) or 8.03 7.05 of the IndentureSale and Servicing Agreement on the payment date following the month in which the invoice was received by the Issuer. However, as applicable. The Asset Representations Reviewer will issue invoices if a Review is terminated according to the Issuer at the notices addresses set forth in Section 11.04 of the Indenture and Issuer shall pay all invoices submitted by 3.03(e), the Asset Representations Reviewer within 30 days following must submit its invoice to the receipt by Administrator for fees, expenses and indemnities remaining unpaid no later than ten (10) Business Days before the Issuer, in accordance with the priority of payments described in Section 5.04(b) or 8.03 of the Indenture, as applicablefinal payment date to be reimbursed on such final payment date. The Administrator shall promptly pay Servicer acknowledges and agrees that its obligation to reimburse the Asset Representations Reviewer for its fees and expenses pursuant to this Agreement shall not be limited to or reduced by any reduction in Available Amounts on deposit in the amount of any fees, expenses and indemnification amounts not otherwise paid or reimbursed by the Issuer on any Payment Date in accordance with the terms of Section 5.04(b) or 8.03 of the Indenture, as applicable; provided that the Asset Representations Reviewer shall promptly reimburse the Administrator for any such amounts to the extent it subsequently receives payment or reimbursement in respect thereof from the Issuer in accordance with the terms of such Sectionsrelated Collection Account. For the avoidance of doubt, the aggregate limit on the Asset Representations Reviewer fees, expenses and indemnities of the Asset Representations Reviewer specified in Section 8.03 7.05 of the Indenture Sale and Servicing Agreement shall not apply be applied to payments made or to be made amounts payable by the Administrator Servicer to the Asset Representations Reviewer pursuant to this subsectionSection 4.02.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2021-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2021-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2020-A)

Time is Money Join Law Insider Premium to draft better contracts faster.