Common use of Compensation to the Master Servicer Clause in Contracts

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 8 contracts

Samples: Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2006-2), Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp)

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Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii6.07(f)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Certificate Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Distribution Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Distribution Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Distribution Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (HomeBanc 2006-1)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, the Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the CustodianOwner Trustee, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HMB Acceptance Corp.)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation 201359 HomeBanc 2006-2 Transfer and Servicing Agreement net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Homebanc Corp)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and [6.01(d)(ii)], all income and gain realized from any investment of funds in the Collection Account and the Note Payment Distribution Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Distribution Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Distribution Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Distribution Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HMB Acceptance Corp.)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and [6.01(d)(ii)], all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (HMB Acceptance Corp.)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii6.07(f)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Certificate Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Distribution Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Distribution Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Distribution Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.. 217412 HomeBanc 2007-1 Pooling and Servicing Agreement 108

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Homebanc Corp)

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Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii)Section 7.6, all the Master Servicer will be entitled to the Master Servicer Fee on each Payment Date after the Master Servicer has paid the Indenture Trustee Fee, if any, due on such Payment Date. All income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07compensation. Notwithstanding the foregoing, if the Master Servicer is the successor servicer, the Master Servicer shall deposit in the Collection Payment Account, on or before the related Payment Date, an amount equal to the lesser of (ia) one-half of its master servicing compensation with respect to such Payment Date and (iib) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid by the Servicer on its behalfServicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (FBR Securitization Trust 2005-1)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii6.07(f)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Certificate Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Distribution Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Distribution Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Distribution Date pursuant to this Agreement, but which is not paid by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.. 108

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HomeBanc 2007-1)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and [6.01(d)(ii)], all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer Servicer[s] with respect to such Payment Date pursuant to this Agreement, but which is not paid by the [related] Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (TBALT Corp.)

Compensation to the Master Servicer. Pursuant to Sections 5.06(e) and 6.01(d)(ii), all income and gain realized from any investment of funds in the Collection Account and the Note Payment Account shall be for the benefit of the Master Servicer as compensation net of the sum of the Indenture Trustee Fee, Owner Trustee Fee and the Custodian Fee payable by the Master Servicer to the Indenture Trustee, the Owner Trustee and the Custodian, respectively, on behalf of the Trust, as provided in Section 5.07. Notwithstanding the foregoing, the Master Servicer shall deposit in the Collection Account, on or before the related Payment Date, an amount equal to the lesser of (i) its master servicing compensation with respect to such Payment Date and (ii) the amount of any Compensating Interest Payment required to be paid by the Servicer with respect to such Payment Date pursuant to this Agreement, but which is not paid 145322 HomeBanc 2005-2 Transfer and Servicing Agreement 94 by the Servicer on its behalf. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Homebanc Corp)

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