Backup Servicing Fee. Prior to the Assumption Date, the Backup Servicer shall receive its Backup Servicing Fee in accordance with Sections 3.4 or 6.6 hereof, as applicable. On and after the Assumption Date, the Indenture Trustee, as successor Servicer, will be obligated to distribute the Backup Servicing Fee to the Backup Servicer from amounts received by the Indenture Trustee in respect of the Servicing Fee.
Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $4,766.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.
Backup Servicing Fee. The Backup Servicer shall receive its Backup Servicing Fee in accordance with Sections 3.4 or 6.6, as applicable.
Backup Servicing Fee. At any time the Backup Servicer or one of its Affiliates is not the Servicer hereunder, the Backup Servicer shall be paid the Backup Servicer Fee for the performance of its obligations as Backup Servicer hereunder and under the Basic Documents.
Backup Servicing Fee. The fee payable by the Borrower to the Backup Servicer pursuant to the Backup Servicing Agreement and Section 7.3 hereof.
Backup Servicing Fee. At any time the Backup Servicer or -------------------- one of its Affiliates is not the Servicer hereunder, the Backup Servicer shall be paid the Backup Servicer Fee for the performance of its obligations as Backup Servicer hereunder and under the Basic Documents.
Backup Servicing Fee. On each Payment Date, the Borrower shall pay the Backup Servicing Fee to the Backup Servicer.
Backup Servicing Fee. (a) The Backup Servicer shall be paid a one-time acceptance fee of $1,000 payable by Servicer on the date hereof.
(b) For initial General Setup, as set forth in Exhibit A, Backup Servicer shall be owed a one-time fee of 6,500, payable by Servicer on the date hereof.
(c) Legal fees of the Backup Servicer associated solely with the drafting and negotiating of this Agreement will be charged and paid by Servicer at the actual cost to the Backup Servicer, a maximum of which shall be $5,000.
(d) The Servicer shall be charged and shall pay to the Backup Servicer a monthly fee at a rate of $1,000 per month for the Trust pursuant to the Sale and Servicing
Backup Servicing Fee. (a) The Backup Servicer shall be paid a one-time acceptance fee of $1,000 payable by Servicer on the date hereof.
(b) The Servicer shall be responsible for a data mapping fee of $1,000, payable to Back-up Servicer on the date hereof.
(c) For initial General Setup, as set forth in Exhibit A, Back-up Servicer shall be owed a one-time fee of $9,000, payable by Servicer on the date hereof.
(d) Legal fees of the Backup Servicer associated solely with the drafting and negotiating of this contract will be charged and paid by Servicer at the actual cost to the Backup Servicer, a maximum of which shall be $15,000.00.
(e) The Servicer shall be charged and shall pay to the Backup Servicer a monthly fee at a rate of $6,500 per month for the first Trust, and $1,000 per month for each remaining Trust that is, as of that month, extant pursuant to each of the Servicing Agreements for the services provided by the Backup Servicer under Section 2.01 above and Exhibit A. If, however, the Back-up Servicer is asked to perform the duties specified in the Additional Monthly Services section of Exhibit A on a quarterly (rather than monthly) basis, then the fee for all services shall be charged to the Servicer at a rate of $2,400 per month for each Trust that is, as of that month, extant pursuant to each of the Servicing Agreements. Any monthly fee assessed pursuant to this subsection (e) includes a total of fifteen (15) hours of technical support, per Trust, of Back-up Servicer's personnel time. For Back-up Servicer personnel time in excess of such fifteen (15) hours, the Back-up Servicer will be entitled to charge the Servicer its then prevailing hourly rate; provided, however, that the Back-up Servicer will notify the Servicer when the Back-up Servicer has performed ten (10) hours of such work. The Backup Servicing Fee shall be payable monthly by the 21st day following the Due Period for which the charges relate. In the event payment is not received within 30 days of the Distribution Date, an interest charge of 1.5% per month on any outstanding balance will incur.
(f) In the event of a Servicing Transfer Notification in Section 3.01 (as hereinafter defined), from and after the date the Backup Servicer assumes the servicing duties pursuant to the terms of Section 3.01, the backup servicing fee will no longer accrue or be owed by Servicer to LSE; provided, however, that all fees owed to Backup Servicer have been paid current.
Backup Servicing Fee. Borrower shall pay, and indemnify and hold Lender harmless from, any and all backup servicing or similar fees, and all other amounts (including, without limitation, attorneys’ costs and transitional expenses) that are required to be paid to the Backup Servicing Agent.
