Common use of Payment of Asset Representations Reviewer Fees and Expenses; Limitation of Liability Clause in Contracts

Payment of Asset Representations Reviewer Fees and Expenses; Limitation of Liability. (a) The Asset Representations Reviewer shall be paid a fee of $5,000 (the “Asset Representations Reviewer Upfront Fee”) on the Closing Date. As compensation for the performance of its routine duties, the Asset Representations Reviewer shall be paid a fee (the “Asset Representations Reviewer Fee”), payable monthly from amounts received in respect of each Mortgage Loan (including any Outside Serviced Mortgage Loan), and for any Distribution Date is an amount accrued during the related Interest Accrual Period at 0.000691% per annum (the “Asset Representations Reviewer Fee Rate”) on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in such Interest Accrual Period, and shall be calculated on the same interest accrual basis as the related Mortgage Loan and prorated for any partial periods. The Asset Representations Reviewer Fee shall be payable from amounts on deposit in the Collection Account as set forth in Section 3.06(a).