Common use of Annual Fee Clause in Contracts

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

Appears in 52 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2018-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2019-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2020-C Owner Trust)

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Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to the termination of the Issuer, in an amount equal to $5,000, which shall be paid in accordance with Section 4.01(c).

Appears in 27 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2020-A)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,0007,500.

Appears in 12 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2016-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2016-C Owner Trust), Form of Asset Representations Review Agreement (Toyota Auto Receivables 2016-a Owner Trust)

Annual Fee. As compensation for its activities services hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to earlier of the termination of this Agreement and the termination of the Issuer, in an amount equal to $5,000.

Appears in 9 contracts

Samples: Review Agreement (Exeter Automobile Receivables Trust 2023-1), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2022-1), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-2)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to the termination of the Issuer, in an amount equal to $5,0007,500, which shall be paid in accordance with Section 4.01(c).

Appears in 8 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-1)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,0005,000.00. The Annual Fee will be paid by the Servicer on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2023-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2021-A), Asset Representations Review Agreement (Harley-Davidson Motorcycle Trust 2020-A)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) equal to the amount separately agreed to by the parties hereto with respect to each Annual Period annual period prior to the termination of this Agreement. The Annual Fee will be initially payable on the Issuer, in an amount equal to $5,000date of this Agreement and then payable annually on each anniversary of the date of this Agreement upon receipt of a detailed invoice.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC), Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC), Asset Representations Review Agreement (American Express Receivables Financing Corp Iv LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to the termination of the Issuer, in an amount equal to $5,000[_], which shall be paid in accordance with Section 4.01(c).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust), Asset Representations Review Agreement (Financial Services Vehicle Trust)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000[_____].

Appears in 2 contracts

Samples: Review Agreement (Toyota Auto Finance Receivables LLC), Review Agreement (Toyota Auto Finance Receivables LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.5,000.00 (the “Annual ARR Fee”) during the term of this Agreement, which shall be paid by or on behalf of the Sponsor within 30 days of

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)

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Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000[_______]. The Annual Fee will be paid by the Servicer on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Harley-Davidson Customer Funding Corp.), Asset Representations Review Agreement (Harley-Davidson Customer Funding Corp.)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to the termination of the Issuer, in an amount equal to $5,000[___], which shall be paid in accordance with Section 4.01(c).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC), Asset Representations Review Agreement (BMW Fs Securities LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period annual period prior to the termination of the Issuer, in an amount equal to $5,000[_____]. The Annual Fee will be paid in accordance with Section 4.01(c).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC), Asset Representations Review Agreement (BMW Fs Securities LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the "Annual Fee") with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000[_____]. The Annual Fee will be paid on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated.

Appears in 1 contract

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000[_____]. The Annual Fee will be paid on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

Annual Fee. As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, payable annually on the related Agreement Date, in an amount equal to $5,000[_____]. The Annual Fee will be paid on the Closing Date and on each anniversary of the Closing Date until this Agreement is terminated.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust)

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