Common use of GENERAL SERVICING Clause in Contracts

GENERAL SERVICING. 1. For all Receivables with an outstanding balance greater than zero dollars ($0.00) as of the first day of the related Collection Period, a monthly serving fee equal to one- twelfth of 2.05% of the outstanding balance or $10.00, whichever is greater; provided, however, that with respect to Receivables serviced or subserviced by Systems and Services Technology, Inc., only one- twelfth of 1.15% of such outstanding balance shall be payable currently on each Distribution Date and the balance of .90% will accrue on each Distribution Date and be deferred and paid from the Reserve Fund in accordance with the terms of the Master Trust Agreement; provided further that the amount payable currently shall be adjusted from time to time to equal 100% of the reasonable and necessary costs and expenses of the Servicer, not to exceed 1.85% of the outstanding balance. 2. All extension fees that are received during the related Collection Period. 3. All late charges that are received during the related Collection Period. 4. A charge of $25.00 per filing of Credit Enhancement claims forms with the designated Insurers during the related Collection Period.

GENERAL SERVICING. 1. For all Receivables with an outstanding balance greater than zero dollars ($0.00) as of the first day of the related Collection Period, a monthly serving fee equal to one- twelfth of 2.05% of the outstanding balance or $10.00, whichever is greater; provided, however, that with respect to Receivables serviced or subserviced by Systems and Services Technology, Inc., only one- one-twelfth of 1.15% of such outstanding balance shall be payable currently on each Distribution Date and the balance of .90% will accrue on each Distribution Date and be deferred and paid from the Reserve Fund in accordance with the terms of the Amended and Restated Master Trust Agreement; provided further that the amount payable currently shall be adjusted from time to time to equal 100% of the reasonable and necessary costs and expenses of the Servicer, not to exceed 1.85% of the outstanding balance. 2. All extension fees that are received during the related Collection Period. 3. All late charges that are received during the related Collection Period. 4. A charge of $25.00 per filing of Credit Enhancement claims forms with the designated Insurers during the related Collection Period.