Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.
Appears in 16 contracts
Samples: Servicing Agreement (Capital One Prime Auto Receivables Trust 2023-2), Servicing Agreement (Capital One Prime Auto Receivables Trust 2023-2), Servicing Agreement (Capital One Prime Auto Receivables Trust 2023-1)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection PeriodFees.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2004-2), Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2005-1), Sale and Servicing Agreement (Capital One Prime Auto Receivables Trust 2007-2)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Reserve Account during each Collection Period.
Appears in 13 contracts
Samples: Servicing Agreement (Fifth Third Holdings Funding, LLC), Servicing Agreement (Fifth Third Holdings Funding, LLC), Servicing Agreement (Fifth Third Auto Trust 2019-1)
Servicing Fee. On Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 8.4(a) or Section 5.4(b) of the Indenture the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to may retain all any Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection PeriodFees.
Appears in 12 contracts
Samples: Servicing Agreement (Vw Credit Leasing LTD), Servicing Agreement (Volkswagen Auto Lease Trust 2015-A), Servicing Agreement (Volkswagen Auto Lease Trust 2015-A)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.
Appears in 9 contracts
Samples: Servicing Agreement (Capital One Auto Receivables LLC), Servicing Agreement (Capital One Auto Receivables LLC), Servicing Agreement (Huntington Auto Trust 2016-1)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2010-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2010-1), Sale and Servicing Agreement (Usaa Acceptance LLC)
Servicing Fee. On Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 8.4(a) or Section 5.4(b) of the Indenture Indenture, as applicable, the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to may retain all any Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection PeriodFees.
Appears in 7 contracts
Samples: Servicing Agreement (Vw Credit Leasing LTD), Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Vw Credit Leasing LTD)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited on deposit in the Collection Account and the Reserve Account during each Collection Period.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-3), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-3), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-2)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Reserve Account during each Collection Period.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-1), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2010-1)
Servicing Fee. On Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 8.4(a) or Section 5.4(b) of the Indenture Indenture, as applicable, the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to may retain all any Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings 5 Transaction SUBI Servicing Supplement (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.2024-A)
Appears in 2 contracts
Samples: Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment 8 earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Principal Distribution Account during each Collection Period.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1), Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment Sale & Servicing Agreement (VALET 2011-1) 8 earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Principal Distribution Account during each Collection Period.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1), Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2011-1)
Servicing Fee. On each Payment Date, the Paying Agent on behalf of the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Reserve Account during each Collection Period.
Appears in 2 contracts
Samples: Servicing Agreement (Fifth Third Auto Trust 2023-1), Servicing Agreement (Fifth Third Auto Trust 2023-1)
Servicing Fee. On Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 8.4(a) or Section 5.4(b) of the Indenture Indenture, as applicable, the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to may retain all any Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings 5 Transaction SUBI Servicing Supplement (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.2023-A)
Appears in 2 contracts
Samples: Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Principal Distribution Account during each Collection Period.. Sale and Servicing Agreement
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1), Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2012-1)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee and any Investment Earnings in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection PeriodFees.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Porsche Auto Funding LLC)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account, the Reserve Account and the Principal Distribution Account during each Collection Period.
Appears in 1 contract
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment 7 2005-1 Sale & Servicing Agreement earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Principal Distribution Account during each Collection Period.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2005-1)
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and Reimbursements. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.Fees.β
Appears in 1 contract
Samples: Form of Servicing Agreement
Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture 4.3 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees and ReimbursementsFees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account during each Collection Period.
Appears in 1 contract
Samples: Purchase Agreement (Fifth Third Holdings Funding, LLC)