Common use of Backup Servicing Compensation Clause in Contracts

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.08. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04, (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 18 contracts

Samples: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement and Account Control Agreement (Regional Management Corp.)

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Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.6(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.082.07. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04, (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its resignation or removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this AgreementAgreement following the Collection Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.08the provision of Sections 2.8(a)(1)(iv) and 2.8(b)(iv). The Backup Servicer’s entitlement to receive the Backup Servicing Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04Servicer, or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination Termination of this Agreement.

Appears in 3 contracts

Samples: Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.), Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.), Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s 's entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corporation), Loan and Security Agreement (Credit Acceptance Corporation)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s 's entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its resignation or removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Servicer Fee from the Borrower. The and any unpaid Backup Servicer shall be entitled to receive its Backup Servicing Fee Expenses to the extent of funds available therefor pursuant to Section 2.08the provision of Sections 2.8(a)(1)(iii) and 2.8(b)(iii). The Backup Servicer’s entitlement to receive the Backup Servicing Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04Servicer, or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination Termination of this Agreement.

Appears in 2 contracts

Samples: Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Kohlberg Capital CORP)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Servicer Fee from the Borrower. The and any unpaid Backup Servicer shall be entitled to receive its Backup Servicing Fee Expenses to the extent of funds available therefor pursuant to the provisions of Section 2.082.7. The Backup Servicer’s entitlement to receive the Backup Servicing Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04Servicer, or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (GSC Investment Corp.), Credit Agreement (Capitalsource Inc)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.082.7. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.048.4, (iii) its resignation in accordance with the provisions of Section 8.05 8.5 and (iv) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

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Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.6(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee Fee, directly from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee CAC and to the extent of funds available therefor pursuant to the provisions of Section 2.082.7(a). The Backup Servicer’s 's entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.082.06. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.049.04, (iii) its resignation in accordance with the provisions of Section 8.05 9.05 and (iv) the termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup back-up servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.08. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04, 7.21 or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement.

Appears in 1 contract

Samples: Warehouse Agreement (Flagship Credit Corp.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.6(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it its becoming the Successor Servicer, ; (ii) its removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; and (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a) or Section 2.7(b), as applicable. The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its resignation or removal as Backup Servicer pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Servicer Fee from the Borrower. The and any unpaid Backup Servicer shall be entitled to receive its Backup Servicing Fee Expenses to the extent of funds available therefor pursuant to the provision of Section 2.082.7. The Backup Servicer’s entitlement to receive the Backup Servicing Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer pursuant to Section 8.04Servicer, or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination Termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (GSC Investment Corp.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee pursuant to the extent provisions of funds available therefor pursuant to Section 2.082.7(a). The Backup Servicer’s entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of of: (i) it becoming the Successor Servicer, ; (ii) its resignation or removal as Backup Servicer 21894287.12 pursuant to Section 8.04, the terms of the Backup Servicing Agreement; or (iii) its resignation in accordance with the provisions of Section 8.05 and (iv) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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