Common use of Compensation; Payment of Fees and Expenses Clause in Contracts

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 160 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-2), Administration Agreement (Santander Drive Auto Receivables Trust 2024-2), Administration Agreement (Drive Auto Receivables Trust 2024-1)

AutoNDA by SimpleDocs

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, 12,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 32 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Fifth Third Auto Trust 2023-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, 30,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 28 contracts

Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 25 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2007-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2004-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2004-3)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 2,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunderhereunder and all expenses incurred in connection with the removal, resignation and replacement of the Indenture Trustee pursuant to Section 6.8 of the Indenture.

Appears in 8 contracts

Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, foregoing such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 4 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2011-1), Administration Agreement (Santander Drive Auto Receivables Trust 2011-1), Administration Agreement (Santander Drive Auto Receivables Trust 2010-3)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 2,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (USAA Auto Owner Trust 2014-1), Administration Agreement (Usaa Acceptance LLC)

AutoNDA by SimpleDocs

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2010-2), Administration Agreement (Santander Drive Auto Receivables Trust 2010-2)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2010-1), Administration Agreement (Santander Drive Auto Receivables Trust 2010-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, Agreement the Administrator shall be entitled to receive $2,500 5,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s 's obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2003-1), Administration Agreement (Capital One Auto Receivables LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.