Common use of Backup Servicing Fee Clause in Contracts

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 2,475 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 3,758.33 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 4,766.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N2)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 1,650 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 3,666.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3)

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $2,108.33 3,116.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N4)