Servicer's Compensation. The Servicer's Compensation for ----------------------- performing its responsibilities as the servicer with respect to any Purchased Receivables on any day shall be equal to the quotient of (A) the product of (1) one-half of one percent (0.50%), and (2) the Account Balances of Purchased Receivables on such day, divided by (B) 360. Subject to Section 6.07(a), the Servicer's Compensation shall be retained by the Servicer in accordance with Section 5.03 hereof or paid to the Servicer by the Buyer in the event Collections are applied in accordance with Section 5.04 hereof; provided, -------- however, that if the Company is the Servicer, the Servicer's Compensation shall ------- not be paid on or after any day on which a Termination Event shall have occurred and be continuing.
Servicer's Compensation. Indemnification 4.6.1. Servicing Fee Amount.......................................... 4.6.2. Servicing Fee Source.......................................... 4.6.3.
Servicer's Compensation. The servicer's compensation (the "Servicer's Compensation") for performing its responsibility as the servicer ------------------------ with respect to any Receivable on any day shall be equal to the quotient of (A) the product of (1) 1%, expressed as a decimal, and (2) the Outstanding Balances of all Receivables on such day, divided by (B) 360. Subject to Section 4.08(a) hereof, (i) prior to a Servicer Default, the Servicer's Compensation shall be paid to the Servicer in arrears on the last Business Day of each month and (ii) following the occurrence of a Servicer Default, the Servicer's Compensation shall be retained by the Servicer in accordance with Section 2.08(a) or 2.09 hereof, as the case may be; provided, however, that if Lexmark or any Affiliate -------- ------- thereof is the Servicer, the Servicer's Compensation shall not be paid on or after any day on which a Servicer Default shall have occurred and be continuing for any reason other than due to Section 7.01(l) hereof.
Servicer's Compensation. 56 3.5. Servicing Transfer ................................. 57 3.6. Protection of Purchased Interest ................... 57 3.7. Pre-Termination Procedures; Reinvestment ........... 59 3.8. Post-Termination Procedures ........................ 64 3.9. Payments under Certain Circumstances ............... 67
Servicer's Compensation. As compensation for the performance of its obligations under this Indenture, the Servicer shall be entitled to receive the Servicer Fee on each Payment Date in accordance with Section 3.07(b)(ii). The Servicer agrees to pay all fees and expenses payable or incurred by it hereunder. The Servicer further agrees to pay (i) the Trustee Fees to the Owner Trustee and the Indenture Trustee on each related Payment Date to the extent that such Trustee Fees are not paid on such Payment Date pursuant to Section 3.07(b)(i) and (ii) the Backup Servicer Fee to the Backup Servicer on each related Payment Date to the extent that such Backup Servicer Fee is not paid on such Payment Date pursuant to Section 3.07(b)(i). For the avoidance of doubt, any such payment shall not be deemed a Servicer Advance.
Servicer's Compensation. 45 3.5. Servicing Transfer. . . . . . . . . . . . . . . . . . . . . . 45 3.6. Protection of Purchased Interest. . . . . . . . . . . . . . . 46 3.7. Pre-Termination Procedures; Reinvestment. . . . . . . . . . . 47 3.8. Post-Termination Procedures . . . . . . . . . . . . . . . . . 51 3.9. Payments under Certain Circumstances. . . . . . . . . . . . . 53 Page
Servicer's Compensation. The Servicer's Compensation shall be paid to the Servicer in accordance with Sections 3.7 and 3.8 hereof. Servicer's Compensation payable to CPC as Servicer shall accrue on each day until the earlier of the Final Payment Date and the date of a Servicing Transfer, in an amount equal to the product of (i) 1.5% per annum (calculated on the basis of a year of 360 days) times (ii) the aggregate Outstanding Balance of Receivables on such day.
Servicer's Compensation. The Servicer's compensation for the performance of its duties hereunder with respect to each Mortgage Loan, shall consist of an amount to be deducted by the Servicer from the portion of each monthly installment applicable to interest when and as collected. Unless otherwise agreed by the parties, the rate of compensation for servicing of Mortgage Loans shall be eight dollars per loan per month ($8.00/loan/month), plus any late charges applicable. Such compensation shall be paid for any Mortgage Loans held for all or any part of the month. The Servicer shall also be entitled to miscellaneous fees, earnings from escrow deposits, or other income as is customarily provided by the servicing rights. Servicing compensation shall be due to the Servicer with respect to any Mortgage Loan beginning with the date of commencement of the servicing duties by the Servicer until termination or relinquishment thereof.
Servicer's Compensation. The Servicer's Compensation for performing its responsibilities as the servicer with respect to any Purchased Receivables on any day shall be equal to the quotient of (A) the product of (1) one-half of one percent (0.50%), and (2) the Account Balances of Purchased Receivables on such day, divided by (B) 360. Subject to Section 6.07(a), the Servicer's Compensation shall be retained by the Servicer in accordance with Section 5.03 hereof or paid to
Servicer's Compensation. In full payment for its services as agent for the Lender hereunder, the Servicer shall, on a monthly basis, retain from moneys received a Servicing Fee of $7.00 per Loan per payment, while Servicer is servicing less than 1,000 Loans, and $6.00 per Loan per payment while Servicer is servicing 1,000 or more Loans for Lender, but only at the time and with respect to Loans which payment is in fact made by the respective Borrowers, of the entire amount of principal and interest of Borrower's payment due. In addition, the Servicer may retain all late charges up to the amount of $15.00 per late payment, and non-sufficient funds charges payable and collected under the terms of any Loan.
