Common use of Administration Fee; Guarantee Fee Clause in Contracts

Administration Fee; Guarantee Fee. If so provided in the applicable Terms Supplement with respect to each issue of Pass-Through Certificates or Series and prior to distributions to related Holders, the Administrator and the Guarantor shall be entitled to receive from monthly interest payments on the related Assets an aggregate fee (to be allocated between the Administrator and the Guarantor as they may agree) in an amount provided herein or in the Terms Supplement for such issue or Series. The Administrator shall (i) withdraw the aggregate fee amount from the Custodial Account prior to distributions to the related Holders, (ii) retain its portion of the fee for the Administrator’s own account and (iii) remit the remaining portion of the fee to the Guarantor as the guarantee fee. In addition, the Administrator is entitled to retain as additional compensation certain excess guaranteed investment proceeds as provided in Section 3.01(e) and certain investment earnings as provided in Section 3.01(a). The Depositor shall pay all expenses incurred by the Administrator in connection with its administration of a Pass-Through Pool and the performance of its duties hereunder.

Administration Fee; Guarantee Fee. If so provided in the applicable Terms Supplement with respect to each issue of Pass-Through Certificates or Series and prior to distributions to related Holders, the Administrator and the Guarantor shall be entitled to receive from monthly interest payments on the related Assets an aggregate fee (to be allocated between the Administrator and the Guarantor as they may agree) in an amount provided herein or in the Terms Supplement for such issue or Series. The Administrator shall (i) withdraw the aggregate fee amount from the Custodial Account prior to distributions to the related Holders, (ii) retain its portion of the fee for the Administrator’s own account and (iii) remit the remaining portion of the fee to the Guarantor as the guarantee fee. In addition, the Administrator is entitled to retain as additional compensation certain excess guaranteed investment proceeds as provided in Section 3.01(e) and certain investment earnings as provided in Section 3.01(a). The Depositor shall pay all expenses incurred by the Administrator in connection with its administration of a Pass-Through Pool and the performance of its duties hereunder.