Interim Servicing Fee. The monthly Interim Servicing Fee payable to Seller for performing interim servicing of the Mortgage Loans shall be as set forth on Schedule I attached hereto. The Interim Servicing Fee shall be fully earned on the first day of the month, regardless of actual collections. In addition, the Seller shall be entitled to retain all late fees, ancillary income, and float income with respect to the Mortgage Loans during the Interim Servicing Period.
Appears in 2 contracts
Sources: Mortgage Servicing Rights Purchase and Sale Agreement, Mortgage Servicing Rights Purchase and Sale Agreement (Springleaf Holdings, Inc.)