Common use of Compensation for the Master Servicer Clause in Contracts

Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant to Article V all income and gain realized from any investment of funds in the Distribution Account and the Master Servicer Collection Account shall be for the benefit of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I LLC), Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Asset Bk Cert Ser 03 Ac2), Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Certs Ser 2003-Ac3)

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Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant the Master Servicer shall be entitled to Article V (i) all income and gain realized from any investment of funds on Permitted Investments in the Distribution Account and the Master Servicer Collection Account shall be and Distribution Account as compensation for the benefit performance of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, its obligations hereunder and (ii) any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection AccountAccount ("Additional Master Servicering Compensation"). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Ac7), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Ac5)

Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant to Article V all income and gain realized from any investment of funds in the Distribution Account and the Master Servicer Collection Account shall be for the benefit of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, any interest remitted by the related a Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Certificates Series 2002-Ac4), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant the Master Servicer shall be entitled to Article V (i) all income and gain realized from any investment of funds on Permitted Investments in the Distribution Account and the Master Servicer Collection Account shall be and Distribution Account as compensation for the benefit performance of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, its obligations hereunder and (ii) any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection AccountAccount (“Additional Master Servicing Compensation”). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac7), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac4), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac9)

Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant to Article V all income and gain realized from any investment of funds in the Distribution Account and the Master Servicer Collection Account shall be for the benefit of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Asst Bk Cert Ser 2002-Ac3), Pooling and Servicing Agreement (Bear Stearns Asset Bk Sec Inc Series 2002-Ac5)

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Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant the Master Servicer shall be entitled to Article V (i) all income and gain realized from any investment of funds on Permitted Investments in the Distribution Account and the Master Servicer Collection Account shall be as compensation for the benefit performance of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, its obligations hereunder and (ii) any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Distribution Account (“Additional Master Servicer Collection AccountServicing Compensation”). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac3)

Compensation for the Master Servicer. The Master Servicer shall be entitled to the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In addition, pursuant the Master Servicer shall be entitled to Article V (i) all income and gain realized from any investment of funds on Permitted Investments in the Distribution Account and the Master Servicer Collection Account shall be and Distribution Account as compensation for the benefit performance of the Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, its obligations hereunder and (ii) any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection AccountAccount ("Additional Master Servicers Compensation"). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Ac4)

Compensation for the Master Servicer. The Master Servicer shall be entitled to the sum of (i) the Master Servicing Fee on each Distribution Date as compensation for the performance of its obligations hereunder. In additionrelated Distribution Date, pursuant to Article V (ii) all income and gain realized from any investment of funds on Permitted Investments in the Distribution Account and the Master Servicer Collection Account shall be and Distribution Account as compensation for the benefit performance of the its obligations hereunder (“Master Servicer as additional compensation. The Master Servicer will be entitled to retain, as additional compensation, Servicing Compensation”) and (iii) any interest remitted by the related Servicer in connection with a Principal Prepayment in full or otherwise in excess of amounts required to be remitted to the Master Servicer Collection AccountAccount (“Additional Master Servicing Compensation”). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac8)

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