Subservicing Fee Clause Samples

Subservicing Fee. 37 Surety ................................................................37 Surety Bond ................................................................37

Subservicing Fee. In consideration for Subservicer's performance of the Subservicing Functions and the other administrative and transition-related services provided for herein, Principal shall pay to Subservicer on a monthly basis, with respect to those active Mortgage Loans for which Subservicer performs the Subservicing Functions and other services hereunder at the beginning of such month (A) for all such Mortgage Loans with respect to which Principal owns the rights to the primary servicing thereof, an amount equal to the product of (i) $7.08 multiplied by (ii) the total number of such Mortgage Loans, (B) for all such Mortgage Loans with respect to which Principal owns the rights to the subservicing thereof, an amount equal to the aggregate of all monthly fees which Principal shall be entitled to receive as the subservicer of such Mortgage Loans and (C) for all such Mortgage Loans with respect to which Principal owns the rights to the master servicing thereof, an amount equal to the sum of (i) the aggregate amount of all costs actually incurred by Subservicer during such month in performing its obligations hereunder with respect to such Mortgage Loans (including a reasonable allocation of Subservicer's personnel costs, it being understood that such allocation may include certain personnel costs not historically allocated to master servicing functions) plus (ii) an amount equal to $5,000.00 multiplied by the number of business days in such month (the amount payable by Principal on a monthly basis pursuant to this Section 3.5 is referred to herein as the "Subservicing Fee"), provided, however, that the portion of the Subservicing Fee attributable to any Mortgage Loan, for any month in which the Conversion Date with respect to such Mortgage Loan shall have occurred, shall be prorated for the number of calendar days elapsed in the month prior to and including the Conversion Date. No later than the fifth Business Day of each month, Subservicer shall provide Principal with a statement detailing the calculation of the Subservicing Fee for the prior month. Within three (3) Business Days following its receipt of such statement, Principal shall pay the Subservicing Fee for the previous month to Subservicer.

Subservicing Fee. (a) As compensation for subservicing and administering the Receivables in accordance with this Agreement, the Servicer shall pay to the Subservicer, in immediately available funds on each Distribution Date, a subservicing fee in an amount that the Servicer and the Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer, which shall not exceed the Servicing Fee payable to the Servicer under the Transfer and Servicing Agreement. (b) Payment of the Subservicing Fee shall be independent of, and shall not be conditioned in any way on, the receipt by the Servicer of the Servicing Fee under the Transfer and Servicing Agreement.

Subservicing Fee. As consideration for subservicing the Mortgages, Subservicer shall be paid in accordance with the fees established in Exhibit II, attached hereto. Subservicer shall subtract from the monthly service fee remitted to Owner/Servicer its subservicing fee, guaranty fees, the Exit Fee (if appropriate), and any Ancillary Income in accordance with Exhibit II, attached hereto. Subservicer shall be entitled to reimbursement of necessary extraordinary fees associated with services which may be proper under this Agreement, including, without limitation, services performed in connection with the foreclosure of mortgages, property maintenance and improvement, property management, the sale of any foreclosed real estate, and similar extraordinary expenses, which shall be contracted or performed by the Subservicer at its customary, reasonable costs for such services. Subservicer shall promptly ▇▇▇▇ Owner/Servicer for these expenses, and Owner/Servicer shall remit the amount billed under the terms of this paragraph to Subservicer in accordance with Section 9.1 hereof.

Subservicing Fee. 42 Subservicing Fee Rate........................................................43

Subservicing Fee. As compensation for the activities of the Subservicer hereunder, the Master Servicer shall, no later than the first Business Day following each Distribution Date, remit to the Subservicer the Subservicing Fee, as described below, with respect to each Mortgage Loan, payable from amounts in the Collection Account paid to the Master Servicer. The Subservicing Fee, with respect, to each Mortgage Loan and for each Due Period, shall be an amount equal to the product of one-twelfth of the Subservicing Fee Rate and the Scheduled Principal Balance of each Mortgage Loan outstanding immediately prior to the application of the Monthly Payment due on the Due Date in such Due Period; PROVIDED, HOWEVER, that the Subservicer's right to receive the Subservicing Fee shall be subject to the requirement that the Subservicing Fee be applied to cover any of Prepayment Interest Shortfalls over Prepayment Interest Excess for such Due Period, and the Subservicing Fee also shall be reduced by an amount equal to Advance Interest which may accrue with respect to any amount which the Subservicer is required hereunder to advance as a P&I Advance or a Servicing Advance, and which the Subservicer fails to so advance. The Subservicing Fee Rate is equal to .02% (two basis points) per annum. The right to receive the Subservicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Subservicer's responsibilities and obligations under his Agreement.

Subservicing Fee. As consideration for subservicing the Mortgages, Subservicer shall be paid the fees in accordance with Exhibits II and III. Subservicer’s fees shall be adjusted annually. Such adjustments shall not exceed the percent increase in the U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index, U.S. City Average, for all Urban Consumers, other goods and services (‘82 - ‘84 = 100) (the “CPI-U Index”) between the annual averages of the most recently published twelve (12) month period and the immediately preceding twelve (12) month period. Subservicer shall subtract from the monthly service fee remitted to Owner/Servicer subservicing fees, Exit Fees (if appropriate), fees for optional services, any Late Charges and Ancillary Income due Subservicer and any guaranty fees remitted by Subservicer. All monthly fees are charged based upon beginning of month loan count and status. Beginning with the thirteenth month after the Contract Date, the subservicing fee due Subservicer shall be based on the greater of one thousand (1,000) loans or the actual number of loans subserviced under this Agreement. In addition, Owner/Servicer shall remit to Subservicer in accordance with Section 9.1 the amounts billed by Subservicer for fees and expenses associated with services which are proper under this Agreement, including, without limitation, services performed in connection with the foreclosure of mortgages, property maintenance and improvement, property management, the sale of any foreclosed real estate, and similar extraordinary expenses, which shall be contracted or performed by the Subservicer at its customary, reasonable costs for such services, and all other amounts due Subservicer hereunder.

Subservicing Fee. 39 Super Senior Component Certificates........................... 39

Subservicing Fee. As consideration for servicing the Mortgage Loans, Ocwen shall be entitled to a subservicing fee of * ___ of the outstanding principal balance of each Mortgage Loan during any calendar month or part thereof (the “Subservicing Fee”). Ocwen shall be entitled to retain or withdraw from the Protected Account out of each payment of interest on a Mortgage Loan, including liquidation or other proceeds as permitted under the Pooling Agreement, an amount equal to the Subservicing Fee in the same manner as the Servicing Fee may be retained or withdrawn pursuant in the Pooling Agreement. As further compensation for its activities hereunder, Ocwen shall be entitled to retain additional servicing compensation in the form of any Excess Liquidation Proceeds, assumption fees, late payment charges, all Prepayment Interest Excess on any Mortgage Loan, other ancillary income, all income and gain net of any losses realized from Permitted Investments with respect to funds in or credited to the Protected Account to the extent not required to be deposited in the Protected Account pursuant to Section 4.02 of the Pooling Agreement. Ocwen shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder and shall not be entitled to reimbursement thereof except as specifically provided for in the Pooling Agreement.