Common use of Backup Servicing Fee Clause in Contracts

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 $1,650 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)

AutoNDA by SimpleDocs

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 $1,650 3,758.33 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P3)

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 $1,650 2,108.33 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2)

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 $1,650 4,766.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N2)

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 $1,650 3,666.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N3)

AutoNDA by SimpleDocs

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 $1,650 2,475 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P2)

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 $1,650 3,116.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-N4)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!