Deboarding Fees definition
Examples of Deboarding Fees in a sentence
In the event that the Servicer is terminated pursuant to this Section 9.03, the Owner shall pay the Servicer an amount equal to (1) the applicable Deboarding Fees, (2) the costs and expenses of Servicer to transfer the servicing with respect to the related Mortgage Loans to a successor servicer and (3) all outstanding Servicing Advances and other Servicer expenditures for which Servicer is entitled to reimbursement hereunder, Servicing Fees and other servicing compensation as set forth herein.
If such transfer of servicing relates to a termination of the Servicer pursuant to Section 7.05(c), Section 9.03(b) or an Event of Default of the Servicer, such actions shall be undertaken at the Servicer’s sole expense, but shall otherwise be at the sole expense of the Owner, including payment of the applicable Deboarding Fees.
If the event the Servicer terminates this Agreement pursuant to this Section 9.03, the Owner shall pay the Servicer the amounts set forth in clauses (2) and (3) in the preceding paragraph, provided, however, that the Owner shall not be required to pay any Deboarding Fees.
If the event the Servicer terminates this Agreement pursuant to this Section 9.02, the Owner shall pay the Servicer the amounts set forth in clauses (2) and (3) in the preceding paragraph, provided, however, that the Owner shall not be required to pay any Deboarding Fees.
Deboarding Fees, ▇▇▇▇▇▇ Mae Expenses, servicing fees and out-of- pocket transfer expenses shall survive removal of some or all of the HSA Loans from the coverage of this Agreement.
In the event the Owner terminates Servicer pursuant to this Section 9.04, (i) the Owner shall pay the Servicer all outstanding Servicing Advances and Servicing Fees (to the extent earned), but the Servicer shall not be entitled to any Deboarding Fees or Termination Fees and (ii) the Servicer shall be responsible for all Servicing Transfer Costs and shall reimburse the Owner for all Servicing Transfer Costs incurred within ten (10) Business Days of receipt of an invoice for such costs.
In addition, in the event this Agreement is terminated pursuant to Section 9.02(a)(ii) or (iii), the Owner/Servicer shall pay the Subservicer the applicable Transfer Costs and Deboarding Fees.
Deboarding Fees for termination without cause by ▇▇▇▇▇▇ Mae shall be set forth on Exhibit A, Fee Schedule.
The Owner/Servicer will pay applicable Deboarding Fees, Transfer Costs and any accrued and unpaid Subservicing Fees, Servicing Advances, Pass-Through Expenses and any other amounts payable or reimbursable to the Subservicer hereunder at the time of transfer.
In the event that the Servicer is terminated pursuant to this Section 9.02, the Owner shall pay the Servicer an amount equal to (1) the applicable Deboarding Fees, (2) the costs and expenses of Servicer to transfer the servicing with respect to the related Mortgage Loans to a successor servicer and (3) all outstanding Servicing Advances and other Servicer expenditures for which Servicer is entitled to reimbursement hereunder, Servicing Fees and other servicing compensation as set forth herein.