Common use of Servicing Strip Clause in Contracts

Servicing Strip. (a) For any calendar month and each Product Group, [***], the Subservicer shall, in addition to transferring the Servicing Rights related to the Defended Loans to the MSR Owner for such calendar month, pay the MSR Owner [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. [***]. (b) For any calendar month and each Product Group, [***], the MSR Owner shall pay the Subservicer an amount equal to the product of (i) [***] multiplied by the unpaid principal balance of the related Defended Loans as of the related Agency Delivery Date and (ii) [***]. (c) For any calendar month and each Product Group, [***], the MSR Owner shall pay the Subservicer an amount equal to the sum of (i) the product of (x) [***] and (y) the unpaid principal balance of the related Defended Loans as of the related Agency Delivery Date and (z) [***] basis points [***] plus (ii) the product of (w) [***], (x) the unpaid principal balance of the related Defended Loans as of the related Agency Delivery Date, (y) [***] percent ([***]%) and (z) [***]. (d) For any calendar month and each Product Group, [***], the MSR Owner shall pay the Subservicer an amount equal to the sum of (i) the product of (x) [***] and (y) the unpaid principal balance of the related Defended Loans as of the related Agency Delivery Date and (z) [***] basis points [***] plus (ii) the product of (w) [***], (x) the unpaid principal balance of the related Defended Loans as of the related Agency Delivery Date, (y) [***] percent ([***]%) and (z) [***] basis points [***].