Common use of Compensation; Payment of Fees and Expenses Clause in Contracts

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 12 contracts

Samples: Administration Agreement (Fifth Third Holdings Funding, LLC), Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Fifth Third Holdings Funding, LLC)

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Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] 2,000 annually which shall be solely an obligation of the ServicerSeller. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 7 contracts

Samples: Administration Agreement (USAA Auto Owner Trust 2012-1), Form of Administration Agreement (USAA Auto Owner Trust 2012-1), Administration Agreement (USAA Auto Owner Trust 2010-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] 30,000 annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 7 contracts

Samples: Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2005-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related theretoAgreement, the Administrator shall be entitled to receive $[ ] annually an annual fee, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 5 contracts

Samples: Administration Agreement (Horizon Technology Finance Corp), Administration Agreement (Hercules Capital, Inc.), Administration Agreement (Hercules Capital, Inc.)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ [2,000] annually annually, which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunderhereunder and all expenses incurred in connection with the removal, resignation and replacement of the Indenture Trustee pursuant to Section 6.8 of the Indenture.

Appears in 3 contracts

Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related theretoAgreement, the Administrator shall be entitled to receive $[ [30,000] annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] annually which shall be solely an obligation of the ServicerSeller. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s 's obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] 30,000 annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Vw Credit Leasing LTD), Administration Agreement (Volkswagen Public Auto Loan Securitization LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s 's obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] annually which shall be solely an obligation of the ServicerAdministration Fee on each Payment Date in accordance with the Credit Agreement. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (E Loan Inc)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ [5,000] annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Porsche Auto Funding LLC)

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Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ ] annually 5,000 annually, which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Santander Drive Auto Receivables LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related theretoAgreement, the Administrator shall be entitled to receive $[ [1,000] annually which shall be solely an obligation of the ServicerIssuer, payable pursuant to the priority of payments set forth in the Servicing Agreement. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Chase Auto Receivables LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related theretoAgreement, the Administrator shall be entitled to receive $[ ] annually an annual fee, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing such compensation 29147461.3 shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Hercules Capital, Inc.)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ [12,000] annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Huntington Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[ [—] annually which shall be solely an obligation of the Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Huntington Funding, LLC)

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