Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee of $5,000.00. The annual fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 36 contracts
Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-C), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-C), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-B)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer its activities under this Agreement, an annual fee of $5,000.005,000.00 (the “Annual Fee”). The annual fee Annual Fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, ; provided, that in the year in which all public Notes are paid in full, the annual fee Annual Fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 18 contracts
Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee of $5,000.005,000. The annual fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 10 contracts
Samples: Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Usaa Acceptance LLC)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee of $5,000.007,500.00. The annual fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 6 contracts
Samples: Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2017-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2016-B)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer its activities under this Agreement, an annual fee of $5,000.00[ ] (the “Annual Fee”). The annual fee Annual Fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, ; provided, that in the year in which all public Notes are paid in full, the annual fee Annual Fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 5 contracts
Samples: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee of $5,000.007,500. The annual fee will be payable by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (USAA Auto Owner Trust 2016-1), Asset Representations Review Agreement (USAA Auto Owner Trust 2016-1)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee in the amount set forth in a fee letter, dated as of $5,000.00the date hereof, among the Servicer, the Issuer and the Asset Representations Reviewer (the “Fee Letter”). The annual fee will be payable paid as agreed in this Section 4.03(a) by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 1 contract
Samples: Asset Representations Review Agreement (First National Funding LLC)
Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as the Asset Representations Reviewer under this Agreement, an annual fee in the amount set forth in a fee letter, dated as of $5,000.00the date hereof among the Servicer, the Issuer and the Asset Representations Reviewer (the "Fee Letter"). The annual fee will be payable paid as agreed in this Section 4.3(a) by the Servicer on the Closing Date and on each anniversary thereof until this Agreement is terminated, provided, that in the year in which all public Notes are paid in full, the annual fee shall be reduced pro rata by an amount equal to the days of the year in which the public Notes are no longer outstanding.
Appears in 1 contract
Samples: Asset Representations Review Agreement (World Financial Network Credit Card Master Note Trust)