Common use of Additional Servicing Compensation Clause in Contracts

Additional Servicing Compensation. Without limitation to Section 1 of this Schedule II, the Company shall make reimbursement payments to the Servicer as follows: (a) in consideration of its servicing activities under the Agreement and the Servicing Agreement, the Servicer shall be entitled to receive, with respect to any Charged-Off Loan, (i) a monthly amount equal to $200 per annum per Charged-Off Loan multiplied by one-twelfth for the period beginning on the date the Loan becomes a Charged-Off Loan until the earliest of (A) the disposition of the Charged-Off Loan by the Servicer, (B) three months from the date the Loan becomes a Charged-Off Loan if no payments have been received during such period and (C) if a payment is received on the Loan post-charge-off, three months after the date of last receipt of a payment on the account post-charge-off; provided, however, that in the case of clauses (B) or (C) above, if any payments resume on a Charged-Off Loan in any month, the Servicer shall receive a fee for each such Charged-Off Loan for such month in an amount equal to the product of (A) $200 multiplied by (B) one-twelfth; (b) all reasonable fees, costs, and expenses paid by the Servicer to a third party in connection with (i) the enforcement of any defaulted Loan, including any judicial proceedings with respect to a Loan, (ii) the collection or sale of any defaulted Loan, (iii) the preparation and recording of any assignment of mortgage related to the Loans as required by law or under the Portfolio Loan Purchase Agreement and the preparation, delivery and recording of any lien or loan release in connection with the payoff or settlement of any Loan and (iv) the transportation, storage, imaging, maintenance and disposal (taking into account record retention requirements applicable to such documents) of the legal and servicing files related to the Loans (including any custodial costs) and, to the extent required by law, the return of any such file to a Loan Obligor upon the payoff or settlement of a Loan; (c) all reasonable fees, costs and expenses paid by the Servicer to a third party and all reasonable internal costs and expenses of the Servicer and any Subservicer in connection with managing counterclaims made by Loan Obligors or Subservicer related to the Loans, provided that (the internal costs and expenses of the Servicer under this clause (c) shall not exceed $500,000 (as allocated among the Purchaser Entities) in the aggregate for any 12-month period hereunder; and (d) solely with respect to Section 4(b) of either the Pre-Enstar Credit Insurance Administrative Services Agreement or the Purchaser Credit Insurance Administrative Services Agreement (in each case, as defined in the Purchase Agreement), any credit insurance premium advanced by the Servicer to the applicable insurer in respect of any Loan with a monthly premium billing cycle which subsequently charges off without the Servicer having collected such premium from the Loan Obligor.