Common use of Backup Servicing Compensation Clause in Contracts

Backup Servicing Compensation. As compensation for its back-up servicing activities hereunder, the Backup Servicer shall be entitled to receive the fee, expenses (including, without limitation, attorneys’ fees and expenses) and other amounts set forth in the Backup Servicer and Trustee Fee Letter or provided for herein (the “Backup Servicing Fee”) from the initial Servicer. To the extent that such Backup Servicing Fee is not paid by the initial Servicer, the Backup Servicer shall be entitled to receive the unpaid balance of its Backup Servicing Fee to the extent of funds available therefor pursuant to the provision of 2.7(i) or 2.8(i) as applicable. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of: (a) it becoming the Successor Servicer, (b) its removal as Backup Servicer pursuant to Section 7.5, or (c) the termination of this Agreement.

Backup Servicing Compensation. As compensation for its back-up servicing activities hereunder, the Backup Servicer shall be entitled to receive the fee, expenses (including, without limitation, attorneys’ fees and expenses) and other amounts set forth in the Backup Servicer and Trustee Fee Letter or provided for herein (the “Backup Servicing Fee”) from the initial Servicer. To the extent that such Backup Servicing Fee is not paid by the initial Servicer, the Backup Servicer shall be entitled to receive the unpaid balance of its Backup Servicing Fee to the extent of funds available therefor pursuant to the provision of 2.7(i) or 2.8(i) as applicable. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of: (a) it becoming the Successor Servicer, (b) its removal as Backup Servicer pursuant to Section 7.5, or (c) the termination of this Agreement.