Examples of Xxxxx Fargo Servicing Fee in a sentence
The obligation of the Seller to pay the Xxxxx Fargo Servicing Fee is limited to, and the Xxxxx Fargo Servicing Fee is payable solely from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds) of such Monthly Payment collected by the Servicer.
As consideration for servicing the Mortgage Loans subject to this Agreement, the Servicer shall retain the relevant Xxxxx Fargo Servicing Fee for each Mortgage Loan remaining subject to this Agreement during any month or part thereof.
All funds received on or in connection with a Mortgage Loan, other than the Xxxxx Fargo Servicing Fee and other compensation and reimbursement to which the Servicer is entitled as set forth herein, including but not limited to Section 5.03 below, shall be received and held by the Servicer in trust for the benefit of the Trustee pursuant to the terms of this Agreement.
The Servicer shall be entitled to recover any unpaid Xxxxx Fargo Servicing Fee and the Seller shall be entitled to recover the Seller Remittance Amount, to the extent not remitted, out of Insurance Proceeds, Condemnation Proceeds, REO Disposition Proceeds or Liquidation Proceeds or other amounts on deposit in the Custodial Account, to the extent permitted in Section 3.04 and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.17.
The Servicer shall be entitled to recover any unpaid Xxxxx Fargo Servicing Fee and the Seller shall be entitled to recover the Seller Remittance Amount, to the extent not remitted, out of Insurance Proceeds, Condemnation Proceeds, REO Disposition Proceeds or Liquidation Proceeds to the extent permitted in Section 3.04 and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.17.
The Servicer shall be entitled to recover any unpaid Xxxxx Fargo Servicing Fee and the Seller shall be entitled to recover the Seller Remittance Amount, to the extent not remitted, out of Insurance Proceeds, Condemnation Proceeds, REO Disposition Proceeds or Liquidation Proceeds or other amounts on deposit in the Custodial Account to the extent permitted in Section 3.04 and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.17.
To the extent that the compensation of any successor servicer to Xxxxx Fargo is calculated using a rate exceeding the then-current rate used to calculate the Xxxxx Fargo Servicing Fee, each Holder of a Class ES Certificate hereby agrees to a decrease in the Excess Servicing Fee Rate in an amount equal to such excess.
As to (a) each Xxxxx Fargo Serviced Mortgage Loan, the Xxxxx Fargo Servicing Fee Rate which rate may increase up to 0.25% per annum and (b) each Mortgage Loan (other than a Xxxxx Fargo Serviced Mortgage Loan), the per annum rate set forth on the Mortgage Loan Schedule.
All funds received on or in connection with a Mortgage Loan, other than the Xxxxx Fargo Servicing Fee and other compensation and reimbursement to which the Servicer is entitled as set forth herein, including but not limited to Section 5.03 below, shall be received and held by the Servicer in trust for the benefit of the Issuer, subject to the lien of the Indenture Trustee pursuant to the terms of this Agreement.
As compensation for its activities hereunder, Xxxxx Fargo shall be entitled to the Servicing Fee calculated at the Xxxxx Fargo Servicing Fee Rate and Ocwen shall be entitled to a Servicing Fee calculated at the Ocwen Servicing Fee Rate with respect to each Mortgage Loan serviced by such Servicer payable solely from payments of interest in respect of such Mortgage Loan, subject to Section 3.22 of this Agreement.