Subservicing Fee. Each month the Seller, or any successor servicer appointed hereunder, shall be entitled to retain the Subservicing Fee portion of the Servicing Fee withdrawn by the Seller or such successor servicer from the Collection Account pursuant to Section 11.05.
Subservicing Fee. (a) As compensation for subservicing and administering the Receivables in accordance with this Agreement, the Servicer shall pay to the Subservicer, in immediately available funds on each Distribution Date, a subservicing fee in an amount that the Servicer and the Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer, which shall not exceed the Servicing Fee payable to the Servicer under the Transfer and Servicing Agreement.
Subservicing Fee. As consideration for subservicing the Mortgages, Subservicer shall be paid in accordance with the fees established in Exhibit II, attached hereto. Subservicer shall subtract from the monthly service fee remitted to Owner/Servicer its subservicing fee, guaranty fees, the Exit Fee (if appropriate), and any Ancillary Income in accordance with Exhibit II, attached hereto. Subservicer shall be entitled to reimbursement of necessary extraordinary fees associated with services which may be proper under this Agreement, including, without limitation, services performed in connection with the foreclosure of mortgages, property maintenance and improvement, property management, the sale of any foreclosed real estate, and similar extraordinary expenses, which shall be contracted or performed by the Subservicer at its customary, reasonable costs for such services. Subservicer shall promptly xxxx Owner/Servicer for these expenses, and Owner/Servicer shall remit the amount billed under the terms of this paragraph to Subservicer in accordance with Section 9.1 hereof.
Subservicing Fee. In consideration for Subservicer's performance of the Subservicing Functions and the other administrative and transition-related services provided for herein, Principal shall pay to Subservicer on a monthly basis, with respect to those active Mortgage Loans for which Subservicer performs the Subservicing Functions and other services hereunder at the beginning of such month (A) for all such Mortgage Loans with respect to which Principal owns the rights to the primary servicing thereof, an amount equal to the product of (i) $7.08 multiplied by (ii) the total number of such Mortgage Loans and (B) for all such Mortgage Loans with respect to which Principal owns the rights to the master servicing or subservicing thereof, an amount equal to the aggregate of all monthly fees which Principal shall be entitled to receive as the master servicer or subservicer, as the case may be, of such Mortgage Loans, (the amount payable by Principal on a monthly basis pursuant to this Section 3.5 is referred to herein as the "Subservicing Fee"), provided, however, that the portion of the Subservicing Fee attributable to any Mortgage Loan, for any month in which the Conversion Date with respect to such Mortgage Loan shall have occurred, shall be prorated for the number of calendar days elapsed in the month prior to and including the Conversion Date. No later than the fifth Business Day of each month, Subservicer shall provide Principal with a statement detailing the calcula- tion of the Subservicing Fee for the prior month. Within three (3) Business Days following its receipt of such statement, Principal shall pay the Subservicing Fee for the previous month to Subservicer.
Subservicing Fee. As consideration for subservicing the Mortgage Loans, Subservicer shall be paid (i) the fees in accordance with Exhibits II and III and (ii) Service Rendered Ancillary Fees. Subservicer’s fees on Exhibits II and III, together with any fees to be charged by Subservicer under any SOW, shall be adjusted annually on the anniversary of the Initial Transfer Date. Such adjustments shall not exceed the increase in the U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index, U.S. City Average, for all Urban Consumers, other goods and services (‘82 - ‘84 = 100) (the “CPI-U Index”) between the annual averages of the most recently published twelve (12) month period and the immediately preceding twelve (12) month period. Subservicer shall submit to Owner/Servicer an invoice setting forth servicing fees and other amounts due Owner/Servicer (including those amounts due Owner/Servicer as an Investor) and subtracting therefrom subservicing fees, Exit Fees (if appropriate), fees for optional services, any Late Charges and Ancillary Income due Subservicer. In addition, the invoice will reflect the net change in month over month cumulative Servicing Advances. Subservicer will either charge Owner/Servicer for an increase or credit Owner/Servicer for a decrease in such balances. If and when applicable, Owner/Servicer shall pay Subservicer the Private Label setup charge, the New Loan Interface fee and other setup charges set forth on Exhibit II. Subservicer shall be entitled to its monthly fees as set forth on Exhibits II and III for each Mortgage Loan that it subserviced for a given month based upon the beginning of month Mortgage Loan count and status, except that Subservicer shall be entitled to the applicable monthly fee for each Mortgage Loan subserviced during the month in which the related Transfer Date occurred and for each Interim Serviced Mortgage Loan subserviced during such month. In no event shall the total base subservicing fees for all Mortgage Loans for a given month be less than three thousand dollars ($3,000). Subservicer shall be paid those fees set forth in Exhibit II for engaging in Loss Mitigation and be reimbursed for all Servicing Advances related thereto. For the purpose of this Agreement.
Subservicing Fee. 34 Surety......................................................................34
Subservicing Fee. 42 Subservicing Fee Rate........................................................43
Subservicing Fee. With respect to each Securitized Loan subserviced under the Servicing Agreement and this Agreement, Cenlar shall be paid the Subservicing Fee. The excess of the Servicing Fee payable to TMHL over the Subservicing Fee paid to Cenlar shall be remitted to the Master Servicer pursuant to Section 4.01 of the Servicing Agreement.
Subservicing Fee. As compensation for the activities of the Subservicer hereunder, the Master Servicer shall, no later than the first Business Day following each Distribution Date, remit to the Subservicer the Subservicing Fee, as described below, with respect to each Mortgage Loan, payable from amounts in the Collection Account paid to the Master Servicer. The Subservicing Fee, with respect, to each Mortgage Loan and for each Due Period, shall be an amount equal to the product of one-twelfth of the Subservicing Fee Rate and the Scheduled Principal Balance of each Mortgage Loan outstanding immediately prior to the application of the Monthly Payment due on the Due Date in such Due Period; PROVIDED, HOWEVER, that the Subservicer's right to receive the Subservicing Fee shall be subject to the requirement that the Subservicing Fee be applied to cover any of Prepayment Interest Shortfalls over Prepayment Interest Excess for such Due Period, and the Subservicing Fee also shall be reduced by an amount equal to Advance Interest which may accrue with respect to any amount which the Subservicer is required hereunder to advance as a P&I Advance or a Servicing Advance, and which the Subservicer fails to so advance. The Subservicing Fee Rate is equal to .02% (two basis points) per annum. The right to receive the Subservicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Subservicer's responsibilities and obligations under his Agreement.
Subservicing Fee. As compensation for the activities of ---------------- LTC hereunder, Bankers Trust shall, no later than the first Business Day following each Distribution Date, remit to LTC the Subservicing Fee, as described below, with respect to each Mortgage Loan, payable from amounts in the Collection Account paid to Bankers Trust pursuant to Section 3.06(iv) of the Pooling and Servicing Agreement. The Subservicing Fee, with respect to each Mortgage Loan and for each Due Period, shall be an amount equal to thirty days' interest (or, in the event of any payment of interest which accompanies a Principal Prepayment in full made by the Borrower during such Due Period, interest for the number of day covered by such payment of interest) at a rate equal to 0.015% per annum on the Scheduled Principal Balance of such Mortgage Loan; provided, however, that LTC's right to receive the Subservicing Fee is -------- ------- subject to the requirement that the Servicing Fee be applied to make Compensating Interest Payments pursuant to the Pooling and Servicing Agreement and Section 3.6 hereof. The right to receive the Subservicing Fee may not be transferred in whole or in part except in connection with the transfer of all of LTC's responsibilities and obligations under this Agreement.
