Common use of Compensation of the Broker-Dealers Clause in Contracts

Compensation of the Broker-Dealers. (a) The Broker-Dealers shall be entitled to receive a fee for all services rendered by them under the Broker-Dealer Agreements, as provided in the Broker-Dealer Agreements (the "Broker-Dealer Fee"). The Broker-Dealer Fee shall be ________% per annum. (b) On each Interest Payment Date the Auction Agent shall pay the Broker-Dealer Fee payable to each Broker-Dealer, as provided in Section 2.5 of the Broker-Dealer Agreements.

Appears in 2 contracts

Samples: Auction Agency Agreement (Pheaa Student Loan Foundation Inc), Auction Agency Agreement (SLC Student Loan Receivables I Inc)

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Compensation of the Broker-Dealers. (a) The Broker-Dealers shall be entitled to receive a fee for all services rendered by them under the Broker-Dealer Agreements, as provided in the Broker-Dealer Agreements (the "Broker-Dealer Fee"). The Broker-Dealer Fee shall be ________0.25% per annum. (b) On each Interest Monthly Expense Payment Date the Auction Agent shall pay the Broker-Dealer Fee payable to each Broker-Dealer, as provided in Section 2.5 of the Broker-Dealer Agreements.

Appears in 1 contract

Samples: Auction Agent Agreement (Pheaa Student Loan Trust I)

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Compensation of the Broker-Dealers. (a) The Broker-Dealers shall be entitled to receive a fee for all services rendered by them under the Broker-Dealer Agreements, as provided in the Broker-Dealer Agreements (the "Broker-Dealer Fee"). The Broker-Dealer Fee shall be ________% per annum. (b) On each Interest Payment Auction Rate Distribution Date the Auction Agent shall Administrator will instruct the Indenture Trustee to pay the Broker-Dealer Fee payable to each Broker-DealerDealer to the Auction Agent, as provided in Section 2.5 of the Broker-Dealer Agreements.

Appears in 1 contract

Samples: Auction Agent Agreement (SLM Student Loan Trust 2006-7)

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