Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "Master Servicer Compensation"). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A9)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "Master Servicer Compensation"). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Collection Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-2)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "“Master Servicer Compensation"”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including other than any prepayment premium or penaltyPrepayment Charges) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (MortgageIT Trust 2005-5, Mortgage-Backed Notes, Series 2005-5)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "“Master Servicer Compensation"”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-9)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "“Master Servicer Compensation"”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Bear Stearns ARM Trust 2005-7)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IVIII, for the performance of its activities hereunder (the "“Master Servicer Compensation"”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Master Servicing Agreement (Citigroup Mortgage Loan Trust 2005-11)
Compensation for the Master Servicer. On each Payment Date the The Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IVSection 3.20 and Section 3.21 and all income and gain realized from any investment of funds in the Distribution Account pursuant to Section 3.22 and Section 3.23, for the performance of its activities hereunder (the "Master Servicer Servicing Compensation"). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in accordance with the Protected AccountServicing Agreement. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brots Mort Sec Vii Inc Citigroup Mort Ln Tr 03 Hyb1)
Compensation for the Master Servicer. On each Payment Date the The Master Servicer will be entitled to all two days of investment income and gain realized from any investment of each month on funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (and any remaining investment income in respect of the "Master Servicer Compensation")Collection Account will be paid to the Seller as directed by the Seller. Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (but not including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2005-10)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "Master Servicer Compensation"). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2)
Compensation for the Master Servicer. On each Payment Date the Master Servicer will be entitled to all income and gain realized from any investment of funds in the Master Servicer Collection Account and the Payment Account, pursuant to Article IV, for the performance of its activities hereunder (the "“Master Servicer Compensation"”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (including any prepayment premium or penalty) shall be retained by the related Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and the fees of the Indenture Trustee and any Custodian as agreed on by each such party and the Master Servicer and shall not be entitled to reimbursement therefor except as provided in this Agreement.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2)