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.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)
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.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Backup Servicing Fee. At any time The Company shall pay the Backup Servicing Fee to the Backup Servicer or one of its Affiliates each month, provided, however, that if the Backup Servicer is not the Servicer hereunderacting as Successor Servicer, the Backup Servicer shall be instead paid the Servicing Fee and such Servicing Fee shall be paid to the Backup Servicer monthly in the same priority as the Backup Servicing Fee for is paid pursuant to Section 2.5(B)(i). On the performance of its obligations as Closing Date, the Company shall pay the Backup Servicer hereunder and under Servicing Transaction Commitment Fee to the Basic DocumentsBackup Servicer.
Appears in 1 contract
Samples: Dwip Subscription Agreement (Radius Global Infrastructure, Inc.)
