Common use of Subservicing Fees Clause in Contracts

Subservicing Fees. (a) As compensation for subservicing and administering the Centurion Receivables in accordance with this Agreement, the Servicer shall pay to Centurion, in immediately available funds on each Payment Date, a subservicing fee in an amount equal to $1,000 (the “Centurion Subservicing Fee”). As compensation for subservicing and administering the FSB Receivables in accordance with this Agreement, the Servicer shall pay to FSB, in immediately available funds on each Payment Date, a subservicing fee in an amount equal to $1,000 (the “FSB Subservicing Fee,” and together with the Centurion Subservicing Fee, the “Subservicing Fees”). Each Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the applicable Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer.

Appears in 3 contracts

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Supplemental Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Supplemental Servicing Agreement (American Express Issuance Trust)

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Subservicing Fees. (a) As compensation for subservicing and administering the Centurion Receivables in accordance with this Agreement, the Servicer shall pay to Centurion, in immediately available funds on each Payment Distribution Date, a subservicing fee in an amount equal to $1,000 (the “Centurion Subservicing Fee”). As compensation for subservicing and administering the FSB Receivables in accordance with this Agreement, the Servicer shall pay to FSB, in immediately available funds on each Payment Distribution Date, a subservicing fee in an amount equal to $1,000 (the “FSB Subservicing Fee,” and together with the Centurion Subservicing Fee, the “Subservicing Fees”). Each Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the applicable Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer.

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Credit Account Master Trust)

Subservicing Fees. (a) As compensation for subservicing and administering the Centurion Receivables in accordance with this Agreement, the Servicer shall pay to Centurion, in immediately available funds on each Payment Date, a subservicing fee in an amount equal to $1,000 1000 (the "Centurion Subservicing Fee"). As compensation for subservicing and administering the FSB Receivables in accordance with this Agreement, the Servicer shall pay to FSB, in immediately available funds on each Payment Date, a subservicing fee in an amount equal to $1,000 1000 (the "FSB Subservicing Fee," and together with the Centurion Subservicing Fee, the "Subservicing Fees"). Each Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the applicable Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer.

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Issuance Trust)

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Subservicing Fees. (a) As compensation for subservicing and administering the Centurion Receivables in accordance with this Agreement, the Servicer shall pay to Centurion, in immediately available funds on each Payment Distribution Date, a subservicing fee in an amount equal to $1,000 1000 (the "Centurion Subservicing Fee"). As compensation for subservicing and administering the FSB Receivables in accordance with this Agreement, the Servicer shall pay to FSB, in immediately available funds on each Payment Distribution Date, a subservicing fee in an amount equal to $1,000 1000 (the "FSB Subservicing Fee," and together with the Centurion Subservicing Fee, the "Subservicing Fees"). Each Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the applicable Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer.

Appears in 1 contract

Samples: Supplemental Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

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