Common use of Compensation; Payment of Fees and Expenses Clause in Contracts

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 167 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-5), Administration Agreement (Drive Auto Receivables Trust 2024-2), Administration Agreement (Drive Auto Receivables Trust 2024-2)

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Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, 12,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 34 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2024-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2024-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, 30,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 30 contracts

Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 25 contracts

Samples: Administration Agreement (Capital One Auto Finance Trust 2007-C), Administration Agreement (Capital One Prime Auto Receivables Trust 2004-3), Administration Agreement (Capital One Prime Auto Receivables Trust 2004-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, [ ] annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 12 contracts

Samples: Administration Agreement (Fifth Third Holdings Funding, LLC), Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Fifth Third Holdings Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 2,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunderhereunder and all expenses incurred in connection with the removal, resignation and replacement of the Indenture Trustee pursuant to Section 6.8 of the Indenture.

Appears in 8 contracts

Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, 2,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual periodSeller. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 7 contracts

Samples: Administration Agreement (USAA Auto Owner Trust 2012-1), Administration Agreement (USAA Auto Owner Trust 2012-1), Administration Agreement (USAA Auto Owner Trust 2010-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, 30,000 annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 7 contracts

Samples: Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2010-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2005-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annuallyan annual fee, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, foregoing such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 5 contracts

Samples: Administration Agreement (Horizon Technology Finance Corp), Administration Agreement (Hercules Capital, Inc.), Administration Agreement (Hercules Capital, Inc.)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, foregoing such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 4 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2011-1), Administration Agreement (Santander Drive Auto Receivables Trust 2011-1), Administration Agreement (Santander Drive Auto Receivables Trust 2010-3)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 [2,000] annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunderhereunder and all expenses incurred in connection with the removal, resignation and replacement of the Indenture Trustee pursuant to Section 6.8 of the Indenture.

Appears in 3 contracts

Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, Agreement the Administrator shall be entitled to receive $2,500 5,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC)

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Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 2,000 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (USAA Auto Owner Trust 2014-1), Administration Agreement (Usaa Acceptance LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2010-1), Administration Agreement (Santander Drive Auto Receivables Trust 2010-1)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2010-2), Administration Agreement (Santander Drive Auto Receivables Trust 2010-2)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, [30,000] annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s 's obligations under this AgreementAgreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually, annually which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2003-1), Administration Agreement (Capital One Auto Receivables LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, [1,000] annually which shall be solely an obligation of the Servicer; providedIssuer, however, notwithstanding payable pursuant to the foregoing, such compensation shall priority of payments set forth in no event exceed the Servicing Fee for the related annual periodAgreement. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Chase Auto Receivables LLC)

Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annuallyan annual fee, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, foregoing such compensation 29147461.3 shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

Appears in 1 contract

Samples: Administration Agreement (Hercules Capital, Inc.)

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