Compensation Calculation. Within a reasonable period after bank failure, the Bridge Bank will provide to the Receiver an initial calculation of allocated fixed and variable costs and a proposed Fee for each Serviced Asset. The Receiver will have sole discretion to accept or reject this proposal. Thereafter, by the tenth (10th) Business Day of each subsequent calendar month, the Bridge Bank will provide (i) an updated calculation of allocated fixed and variable costs since the first calendar day of the prior month; (ii) a report identifying the count, balance, and type of all Serviced Assets and the aggregate changes in the count, balance, and type of all Serviced Assets since the first calendar day of the prior month; and
Appears in 4 contracts
Sources: Transfer Agreement, Transfer Agreement, Transfer Agreement