Separation Fee definition

Separation Fee. As to each Serviced Loan, a fee as set forth in the Side Letter, which will paid by Owner to Servicer on or prior to the date of termination of this Agreement with respect to such Serviced Loan as set forth in Section 8.01.
View Source
Separation Fee. The amount, if any, paid or payable by Servicer to a subservicer with respect to such Serviced Loan upon the occurrence of the events described in Section 8.01 of the Agreement.
View Source
Separation Fee means the fee payable by the State to the Company which is calculated in accordance with clause 3.4AQ.
View Source

Examples of Separation Fee in a sentence

  • Former Employee understands and agrees that, if he has not returned such equipment, documents or materials, the Company may elect to withhold from any payments owing to him, including without limitation, the Separation Fee, an amount equal to the value of the item(s) that Former Employee has not returned or that Former Employee has returned in a damaged condition and that he will pay any deficiency.

  • As consideration for servicing each Serviced Loan, Servicer shall be entitled to receive the Set-up Fee, the Servicing Fee and Separation Fee, as applicable, for any calendar month or part thereof that such Serviced Loan remains subject to this Agreement (including during such time that the Serviced Loan is a Specially Serviced Loan or an REO Loan).

  • Moreover, subject to the other provisions in this Agreement, if Former Employee violates the terms of any of the provisions of this Agreement, Company shall have the right to immediately terminate this Agreement and Company shall have no obligation to pay any Separation Fee.

  • Former Employee further hereby agrees that he is accepting payment of the Separation Fee as a full and complete compromise of any and all matters involving disputed issues of law and fact against the Releasees, and that he assumes the risk that the facts or law may be otherwise than he believes.

  • Former Employee acknowledges that, but for the mutual agreements and promises contained in this Agreement, the Separation Fee is not a disbursement to which he is otherwise entitled.

  • The Company relied upon this disclosure of information in agreement to pay Former Employee the Separation Fee.

  • This Agreement will not become effective or enforceable, and the first installment of the Separation Fee shall not become payable, until the seven (7) day revocation period following the execution of this Agreement and the Release have expired and Former Employee has delivered to the Company the fully-executed and dated Waiver (in the form attached in Appendix 1) of his right to revoke this Agreement.

  • Former Employee further hereby agrees that he is accepting payment of the Separation Fee as a full and complete compromise of any and all matters involving disputed issues of law and fact against the Company Releasees, and that he assumes the risk that the facts or law may be otherwise than he believes.

  • Company shall have the right to the full repayment or recovery of the Separation Fee in the event Former Employee has made one or more material misrepresentations or omissions of such information.

  • The cash payment of the Separation Fee will be paid in two lump sum payments: One hundred fifty thousand dollars ($150,000) on the first available payroll processing period following the Effective Date and, to the extent Former Employee has not breached this Agreement, one hundred fifty thousand dollars ($150,000) on the first business day following the six-month anniversary of the Effective Date.

Related to Separation Fee

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).