Common use of Conversion Fee Clause in Contracts

Conversion Fee. Five Dollars ($5.00) per account acquired by the Trust or NSLF and added to the Subservicer Servicing System during the period of time the borrower is in school. For periods of time other than when the borrower is in school, the fee will be Ten Dollars ($10.00) per account. There shall be no charge for loans already on the Subservicer's full servicing system. Notwithstanding the foregoing, should any portfolio present an "Extraordinary Conversion", requiring additional conversion services materially beyond that customarily provided for a normal acquisition of Education Loans, then the Master Servicer agrees to pay a conversion fee mutually agreed to between the Master Servicer and the Subservicer. For purposes of this Agreement, whether a portfolio presents an Extraordinary Conversion shall be determined after the data analysis and file review, have been conducted of the portfolio by the Subservicer. Factors to consider in determining whether a portfolio presents an Extraordinary Conversion are as follows:

Conversion Fee. Five Dollars ($5.00) per account acquired by the Trust or NSLF and added to the Subservicer Servicing System during the period of time the borrower is in school. For periods of time other than when the borrower is in school, the fee will be Ten Dollars ($10.00) per account. There shall be no charge for loans already on the Subservicer's ’s full servicing system. Notwithstanding the foregoing, should any portfolio present an "“Extraordinary Conversion"”, requiring additional conversion services materially beyond that customarily provided for a normal acquisition of Education Loans, then the Master Servicer agrees to pay a conversion fee mutually agreed to between the Master Servicer and the Subservicer. For purposes of this Agreement, whether a portfolio presents an Extraordinary Conversion shall be determined after the data analysis and file review, have been conducted of the portfolio by the Subservicer. Factors to consider in determining whether a portfolio presents an Extraordinary Conversion are as follows: