Backup Servicer and Trustee Fee Letter definition

Backup Servicer and Trustee Fee Letter. The Backup Servicer and Trustee Fee Letter, dated as of the date hereof, among the Servicer, the Backup Servicer, the Trustee and the Agent.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Backup Servicer and Trustee Fee Letter means the Backup Servicer and Trustee Fee Letter, dated as of the date hereof among the Borrower, the Trustee, the Administrative Agent and the Backup Servicer, as the same may from time to time be amended, waived or modified.

Backup Servicer and Trustee Fee Letter. The Backup Servicer and Trustee Fee Letter, dated as of November 10, 2004, among the Servicer, the Administrative Agent, the Backup Servicer and the Trustee, as such letter may be amended, modified, supplemented, restated or replaced from time to time.

Examples of Backup Servicer and Trustee Fee Letter in a sentence

• The Backup Servicer will not make any changes to Backup Servicer Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Agent.

• In consideration for the payment by the Borrower of the Servicing Fee, the Servicer will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Accounts and the Reserve Account and the Backup Servicer Fee and Trustee Fee pursuant to the Backup Servicer and Trustee Fee Letter.

• The Trustee will not make any changes to the Trustee Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Administrative Agent.

• The Trustee will not make any changes to the Trustee Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Agent.

• The Backup Servicer will not make any changes to the Backup Servicer Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Administrative Agent.

• From the Closing Date until the Paid-in-Full Date, the Backup Servicer will not make any changes to the Backup Servicing Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Deal Agent.

• The Trustee will not make any changes to the Trustee Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Deal Agent.

• The Backup Servicer will not make any changes to Backup Servicer Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Administrative Agent.

• As compensation for its Trustee activities hereunder, the Trustee shall be entitled to receive the fees, expenses and other amounts set forth in the Backup Servicer and Trustee Fee Letter (the “Trustee Fee”) from the initial Servicer in accordance with the terms of the Backup Servicer and Trustee Fee Letter.

• The Trustee will not make any changes to the Trustee Fee set forth in the Backup Servicer and Trustee Fee Letter without the prior written approval of the Agent and the Lenders.

More Definitions of Backup Servicer and Trustee Fee Letter

Backup Servicer and Trustee Fee Letter. The fee letter agreement, dated as of November 29, 2010 and attached hereto as Schedule IX, by ▇▇▇▇▇ Fargo, to the Borrower and the Servicer, with a copy to the Deal Agent, as such letter may be amended, modified, supplemented, restated or replaced from time to time.