TMCC Payment Obligation. The parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer will be responsible for payment of the Administrator’s fees under the Administration Agreement and will reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer will be responsible for the payment of all fees and expenses of the Trust, the Owner Trustee and the Indenture Trustee paid by any of them in connection with any of their obligations under the Basic Documents to obtain or maintain any license required to be held by the Trust under the laws of any jurisdiction in connection with ownership of the Receivables.
TMCC Payment Obligation. The parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer shall be responsible for payment of the Administrator's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. In addition, the parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer shall be responsible for the payment of all fees and expenses of the Trust, the Owner Trustee and the 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 under the Pennsylvania Motor Vehicle Sales Finance Act. The parties hereto covenant and agree that neither of them shall look to the other for payment of any such fees or expenses.
TMCC Payment Obligation. The parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer shall be responsible for payment of the Administrator's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. [In addition, the parties hereto acknowledge and agree that, pursuant to the Sale and Servicing Agreement and the following provisions, the Servicer shall be responsible for the payment of all fees and expenses of the Trust, the Owner Trustee[, the Delaware Co-trustee] and the 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 under the [Pennsylvania Motor Vehicle Sales Finance Act]. The parties hereto covenant and agree that neither of them shall look to the other for payment of any such fees or expenses.
TMCC Payment Obligation. 35 AMENDED AND RESTATED TRUST AGREEMENT dated as of July 1, 1999, between Toyota Motor Credit Receivables Corporation, a California corporation, as depositor, U.S. Bank National Association, a national banking association, not in its individual capacity but solely as Owner Trustee, and, for the limited purposes set forth herein, First Union Trust Company, National Association, a national banking association, not in its individual capacity but solely as Delaware Co-trustee, amending and restating in its entirety the Trust Agreement dated as of July 1, 1999, among the same parties, and herein referred to as the "Trust Agreement" or this "Agreement". IN CONSIDERATION of the mutual agreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
TMCC Payment Obligation. 35 AMENDED AND RESTATED TRUST AGREEMENT dated as of July 1, 1999, between TOYOTA MOTOR CREDIT RECEIVABLES CORPORATION, a California corporation, as depositor, U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Owner Trustee, and, for the limited purposes set forth herein, FIRST UNION TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Delaware Co-trustee, amending and restating in its entirety the Trust Agreement dated as of July 1, 1999, among the same parties, and herein referred to as the "Trust Agreement" or this "Agreement". IN CONSIDERATION of the mutual agreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
TMCC Payment Obligation. The parties hereto acknowledge and agree that TMCC shall be responsible for payment of the Administrator's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. [In addition, the parties hereto acknowledge and agree that TMCC shall be responsible for the payment of all fees and expenses of the Trust, the Owner Trustee and the 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 under the Pennsylvania Motor Vehicle Sales Finance Act.] The parties hereto covenant and agree that neither of them shall look to the other for payment of any such fees or expenses.
TMCC Payment Obligation. The parties hereto acknowledge and agree that TMCC shall be responsible for payment of the Administrator's fees under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred thereunder. [In addition, the parties hereto acknowledge and agree that TMCC shall be responsible for the payment of all fees and expenses of the Trust, the Owner Trustee and the 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 under the Pennsylvania Motor Vehicle
