Collateral Manager Compensation Sample Clauses

Collateral Manager Compensation. As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive the Collateral Management Fee pursuant to the provisions of Sections 2.7 and Section 2.8(a), as applicable.
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Collateral Manager Compensation. As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive (but shall be permitted to waive by providing written notice of such waiver to the Collateral Agent at least two (2) Business Days prior to the Payment Date on which such payment is due and payable) the Collateral Management Fee pursuant to the provisions of Sections 2.7 and Section 2.8, as applicable. For the avoidance of doubt, the Collateral Manager may not defer all or any portion of the Collateral Management Fee.
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Collateral Manager Compensation. As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive the Collateral Management Fee pursuant to the provisions of Sections 2.7 and Section 2.8, as applicable; provided, that the Collateral Manager shall be permitted to irrevocably waive all or any portion of the Collateral Management Fee payable to the Collateral Manager on a Payment Date by providing written notice thereof to the Administrative Agent and the Collateral Agent at least one (1) Business Day prior to the applicable Payment Date. Section 6.7
Sample 1
Collateral Manager Compensation. As compensation for its activities hereunder and reimbursement for its expenses, the Collateral Manager shall be entitled to be paid the Collateral Management Fee and reimbursed its expenses as provided in the Priority of Payments. If and to the extent that there are insufficient funds to pay any Collateral Management Fee in full on any Payment Date or if any Collateral Management Fee has accrued but is not yet due and payable, the amount due or accrued and unpaid will be deferred and will be payable on such later Payment Date on which funds are available in accordance with the Priority of Payments.
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Collateral Manager Compensation. As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive (but shall be permitted to waive by providing written notice of such waiver to the Collateral Agent at least one (1) Business Day prior to the Payment Date on which such payment is due and payable) the Collateral Management Fee pursuant to the provisions of Sections 2.7 and Section 2.8, as applicable. For the avoidance of doubt, the Collateral Manager may not defer all or any portion of the Collateral Management Fee. Notwithstanding anything to the contrary contained in this Agreement or any other Transaction Document, commencing on the Closing Date and continuing at all times while StepStone Private Credit Fund LLC or an Affiliate thereof is the Collateral Manager, the Collateral Manager, the Borrower and the other parties hereto hereby agree that no Collateral Management Fee shall be payable under this Agreement or any other Transaction Document, or the Collateral Manager otherwise waives payment of the Collateral Management Fee in its entirety. Any such waiver shall be permanent and irrevocable so long as StepStone Private Credit Fund LLC or an Affiliate thereof is the Collateral Manager.
Sample 1
Collateral Manager Compensation. As compensation for its administrative activities and services hereunder and reimbursement for its expenses, the Collateral manager or its designee shall be entitled to receive the Senior Collateral Management Fee and the Subordinated Collateral Management Fee, in each case pursuant to the provisions of Section 2.7(a), Section 2.7(b) and Section 2.8. The Collateral Manager may, in its sole and absolute discretion, elect to waive its rights to receive all or a portion of the Senior Collateral Management Fee or Subordinated Collateral Management Fee with respect to any Payment Date payable to it pursuant to the provisions of Section 2.7(a), Section 2.7(b) and Section 2.8, as applicable by providing written notice to the Loan Parties on or prior to the Determination Date immediately preceding such Payment Date; provided that the Collateral Manager shall not have the ability to elect to defer payment of all or any portion of the Senior Collateral Management Fee or Subordinated Collateral Management Fee with respect to any Payment Date.
Sample 1
Collateral Manager Compensation. As compensation for its administrative and management activities hereunder and reimbursement for its expenses, the Collateral Manager or its designee shall be entitled to receive the Collateral Manager Fee and reimbursement of its expenses pursuant to the provisions of Section 2.7 or Section 2.8, as applicable. In no event shall the Collateral Manager be entitled to receive any compensation otherwise payable hereunder except to the extent permitted under the Sub-Advisory Agreement (and without duplication of any compensation payable thereunder) and, in furtherance of the foregoing, the Collateral Manager may, in its sole discretion, waive payment of the Collateral Manager Fee otherwise payable hereunder.
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Collateral Manager Compensation. 9395 Section 6.7.
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Related to Collateral Manager Compensation

  • Servicing Compensation As compensation for the activities of the Servicer hereunder, the Servicer shall be entitled to the Servicing Fee with respect to each Mortgage Loan payable solely from payments of interest in respect of such Mortgage Loan, subject to Section 3.24. In addition, the Servicer shall be entitled to recover unpaid Servicing Fees out of Late Collections, Insurance Proceeds, condemnation proceeds or Liquidation Proceeds and as otherwise permitted by Section 3.11(a) and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.23. Except as expressly provided in Sections 6.04 and 7.02 herein, the right to receive the Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Servicer’s responsibilities and obligations under this Agreement; provided, however, that the Servicer may pay from the related Servicing Fee any amounts due to a related Sub-Servicer pursuant to a Sub-Servicing Agreement entered into under Section 3.02; provided further that the Servicer may assign a portion of its Servicing Fee to an affiliate of the Servicer in connection with the ownership by such affiliate of the servicing rights attributable to the Mortgage Loans (provided that any right, title or interest of such affiliate in such portion of the Servicing Fee shall be subject to termination of the Servicer in accordance with the terms of this Agreement). Additional servicing compensation in the form of assumption or modification fees, late payment charges, insufficient funds fees, reconveyance fees and other ancillary fees (other than Prepayment Premiums) shall be retained by the Servicer (subject to Section 3.24) only to the extent such fees or charges are received by the Servicer. The Servicer shall also be entitled pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account, and pursuant to Section 3.23(b) to withdraw from any REO Account, as additional servicing compensation, interest or other income earned on deposits therein, subject to Section 3.12 and Section 3.24. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including premiums for the insurance required by Section 3.14, to the extent such premiums are not paid by the related Mortgagors or by a related Sub-Servicer, it being understood however, that payment of such premiums by the Servicer shall constitute Servicing Advances), servicing compensation of any Sub-Servicer and to the extent provided herein in Section 6.03, the indemnification of the Trustee, and shall not be entitled to reimbursement therefor except as specifically provided herein.

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