Common use of Buyer’s Servicer Fee Clause in Contracts

Buyer’s Servicer Fee. The Buyer shall pay to the Buyer’s Servicer a collection fee (the “Buyer’s Servicer Fee”) from the date hereof until the Termination Date, payable on each Yield Payment Date, in an amount equal to the amount payable to the Servicer under the Second Amended and Restated Receivables Purchase Agreement or such other amount calculated on an arm’s-length basis for services performed as a subcontractor on terms common to collection agency arrangements in comparable asset sale transactions; provided, however, that the Buyer shall be given a credit against the Buyer’s Servicer Fee payable under this Agreement equal to the full amount of the Servicer Fee paid under the Second Amended and Restated Receivables Purchase Agreement.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Polyone Corp), Receivables Sale Agreement (Polyone Corp)

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Buyer’s Servicer Fee. The Buyer shall pay to the Buyer’s Servicer a collection fee (the “Buyer’s Servicer Fee”) from the date hereof of the Existing Receivables Contribution and Sale Agreement until the Termination Date, payable on each Yield Payment Settlement Date, in an amount equal to the amount payable to the Servicer under the Second Amended and Restated Receivables Purchase Agreement or such other amount calculated on an arm’s-length basis for services performed as a subcontractor on terms common to collection agency arrangements in comparable asset sale transactions; provided, however, that the Buyer shall be given a credit against the Buyer’s Servicer Fee payable under this Agreement equal to the full amount of the Servicer Fee paid under the Second Amended and Restated Receivables Purchase Agreement.

Appears in 1 contract

Samples: Receivables Contribution and Sale Agreement (Crown Holdings Inc)

Buyer’s Servicer Fee. The Buyer shall pay to the Buyer’s Servicer a collection fee (the “Buyer’s Servicer Fee”) from the date hereof until the Termination Date, payable on the last Business Day of each Yield Payment DateSettlement Period, in an amount equal to the amount payable to the Servicer under the Second Amended and Restated Receivables Purchase Agreement or such other amount calculated on an arm’s-length basis for services performed as a subcontractor on terms common to collection agency arrangements in comparable asset sale transactions; provided, however, that the Buyer shall be given a credit against the Buyer’s Servicer Fee payable under this Agreement equal to the full amount of the Servicer Fee paid under the Second Amended and Restated Receivables Purchase Agreement.

Appears in 1 contract

Samples: Receivables Sale Agreement (Chemtura CORP)

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Buyer’s Servicer Fee. The Buyer shall pay to the Buyer’s 's Servicer a collection fee (the "Buyer’s 's Servicer Fee") from the date hereof of the Existing Receivables Contribution and Sale Agreement until the Termination Date, payable on each Yield Payment Settlement Date, in an amount equal to the amount payable to the Servicer under the Second Amended and Restated Receivables Purchase Agreement or such other amount calculated on an arm’sarm's-length basis for services performed as a subcontractor on terms common to collection agency arrangements in comparable asset sale transactions; provided, however, that the Buyer shall be given a credit against the Buyer’s 's Servicer Fee payable under this Agreement equal to the full amount of the Servicer Fee paid under the Second Amended and Restated Receivables Purchase Agreement.

Appears in 1 contract

Samples: Receivables Contribution and Sale Agreement (Crown Cork & Seal Co Inc)

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