Base Servicing Fee Sample Clauses
The Base Servicing Fee clause defines the standard fee payable to a service provider for performing ongoing servicing duties under an agreement. Typically, this fee is calculated as a fixed percentage of the outstanding principal balance of serviced assets or as a flat monthly amount, and it is paid regularly, such as monthly or quarterly. The clause ensures that the service provider is compensated for routine administrative tasks, such as collecting payments, maintaining records, and managing customer communications, thereby providing clarity and predictability regarding compensation for essential servicing activities.
Base Servicing Fee. Each contract shall provide for a base servicing fee of $1,015.00 per year for each Delinquent Subserviced Loan (including Delinquent Subserviced Loans subserviced by SPS as of the Agreement Date), and $250.00 for any Current Subserviced Loan (the “Base Servicing Fee”), including any Current Subserviced Loans subserviced by SPS as of the Agreement Date.
Base Servicing Fee. (a) Commencing retroactively to [***]: (i) the “Wal-Mart Gift Card Commission” shall mean the applicable [***] for each Gift Card sold less $[***] and (ii) the “Base Servicing Fee” payable by Bank shall be equal to (a) the amount of [***] minus (b) Wal-Mart Gift Card Commissions payable by Bank, and minus (c) [***] basis points times the volume of all transactions, including all purchase transactions made with Gift Cards. Bank shall pay to Servicer a single true-up payment retroactively reflecting the economic terms set forth in this Section 4(a) as if the same were in effect for the period commencing [***] through and including the Fifth Amendment Effective Date (the “Servicer True Up Payment”). Bank shall pay the Servicer True Up Payment to Servicer not later than [***] days after the date that Bank pays the Wal-Mart True Up Payment to Wal-Mart.
Base Servicing Fee. The parties hereto acknowledge that PLS has the right to withdraw the Base Servicing Fee with respect to any Mortgage Loan out of collections it receives with respect to such Mortgage Loan.
Base Servicing Fee. The parties hereto acknowledge that loanDepot has the right to withdraw the Base Servicing Fee with respect to any Mortgage Loan out of collections it receives with respect to such Mortgage Loan.
Base Servicing Fee. The parties hereto acknowledge that so long as no Event of Default has occurred and is continuing, NSM has the right to withdraw the Base Servicing Fee with respect to any Mortgage Loan out of collections it receives pursuant to the ▇▇▇▇▇▇ ▇▇▇ Contract with respect to such Mortgage Loan.