Annual Servicing Fee Sample Clauses

Annual Servicing Fee. LEX agrees to pay the Annual Servicing Fee as follows: Annual Servicing Fee: 15 basis points of the value of the public float of Securities, paid out of the platform fee, which platform fee is determined by, and in accordance with, the terms of the Platform Agreement. The Annual Servicing Fee is payable on a quarterly basis from the quarterly payments that LEX receives from Company, as fully described in the Platform Agreement.
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Annual Servicing Fee. With respect to each Loan, the Servicer will receive an annual servicing fee in an amount permitted under the Guide but in no event in excess of one-tenth of one percent (0.10%) or ten (10) basis points of the original Mortgage Loan Amount, such fee to be included in the Fixed Interest Rate for Fixed Rate Loans and Fixed to Float Loans and in the Margin for Variable Rate Loans.
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Annual Servicing Fee. The Borrowers shall jointly and severally pay to the Lender an annual servicing fee equal to $10,000 with the first such fee paid on the Closing Date and each subsequent fee paid on each anniversary of the Closing Date during the term of this Agreement. 2.11.
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Annual Servicing Fee. The Issuer hereby agrees to pay to each holder of Notes, in immediately available funds credited to such holder’s account as specified in the Purchaser Schedule, such holder’s ratable portion of an annual servicing fee in an aggregate amount equal to $50,000 per year (the “Servicing Fee”), which fee will be payable in advance on the Closing Date and annually in advance on each anniversary thereof until all Obligations are repaid in full. The Servicing Fee shall not be refundable under any circumstances. If the Servicing Fee is not paid when due, interest thereon shall be payable from and including the due date until such fee is paid at the Default Rate.
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Related to Annual Servicing Fee

  • Servicing Fee On each Payment Date, the Indenture Trustee on behalf of the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 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. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds on deposit in the Collection Account and the Reserve Account during each Collection Period.

  • Primary Servicing Fee; Carryover Servicing Fee The Primary Servicing Fee for each calendar month and any Carryover Servicing Fees payable on any Distribution Date in arrears by the Issuer shall be equal to the amounts determined by reference to the schedule of fees attached hereto as Attachment A. Notwithstanding anything to the contrary contained herein or in any other Basic Document, the Servicer shall be entitled to receive any Carryover Servicing Fee on any Distribution Date only if and to the extent that sufficient funds are available pursuant to Section 2.8(i) of the Administration Agreement.

  • Servicing Fees As compensation for its servicing activities and as reimbursement for its reasonable expenses in connection therewith, the Servicer shall be entitled to receive the Servicing Fees monthly on each Settlement Date. Such Servicing Fees shall be payable from available funds in accordance with Section 2.07 and 2.08 of the Funding Agreement. The Servicer shall be required to pay for all expenses incurred by it in connection with its activities hereunder (including any payments to accountants, counsel or any other Person) and shall not be entitled to any payment therefor other than the Servicing Fees.

  • Annual Servicing Report By the date in each year specified in the Adoption Annex, beginning on the date specified in the Adoption Annex, the Master Servicer, at its expense, shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a report to the Indenture Trustee, the Credit Enhancer, and each Rating Agency to the effect that the firm has examined certain documents and records relating to the servicing of mortgage loans during the most recent fiscal year then ended under sale and servicing agreements or pooling and servicing agreements (substantially similar to this Agreement, including this Agreement), that the examination was conducted substantially in compliance with the audit guide for audits of non-supervised mortgagees approved by the Department of Housing and Urban Development for use by independent public accountants (to the extent that the procedures in the audit guide are applicable to the servicing obligations in those agreements), and that the examination has disclosed no items of noncompliance with this Agreement that, in the opinion of the firm, are material, except for the items of noncompliance described in the report.

  • Servicing Compensation; Payment of Certain Expenses by Servicer The Servicer shall be entitled to receive the Servicing Fee in accordance with Section 3.03 as compensation for its services in connection with servicing the Mortgage Loans. Moreover, additional servicing compensation in the form of late payment charges and certain other receipts not required to be deposited in the Collection Account as specified in Section 3.02 shall be retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Administrator, Owner Trustee, Indenture Trustee and any Custodian) and shall not be entitled to reimbursement therefor except as specifically provided herein.

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