Deboarding Charge definition
Deboarding Charge means the lesser of (1) $200,000, and (2) all (i) capital expenditures of Servicer related to this Servicing Agreement, plus (ii) lease and contract termination fees and costs related to the termination of the Servicer pursuant to Section 6.03(a) of this Servicing Agreement.
Examples of Deboarding Charge in a sentence
Upon such termination, Servicer shall be entitled to receive (i) the accrued and unpaid servicer fee pursuant to Section 2.07(a)(i), the accrued and unpaid costs and expenses pursuant to Section 2.10(b), plus (iii) the Deboarding Charge from Client, but shall not have any other claim resulting from such termination.