Common use of Costs of Servicing; Servicing Fee; Administrative Expenses Clause in Contracts

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 the Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive on each Payment Date following the Issuance Date a servicing fee with respect to the Notes (the "Servicing Fee"). Any amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenture.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 3 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 3.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 3 the Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive from the Issuer on each Payment Date following the Issuance Date a servicing fee with respect to the Receivables Notes (the "Servicing Fee"). Any ) and a servicing fee with respect to the Class R Notes (the "Residual Servicing Fee") in the amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenturedescribed in paragraph (b) below.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 3 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 3.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 3 the Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive from the Company on each Payment Date following the Issuance Closing Date a servicing fee with respect to the Notes (the "Servicing Fee"). Any amounts properly retained by ) in the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indentureamount described in paragraph (b) below.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 Article IV shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 hereof 4.5 with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 the Article IV Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive from Issuer on each Payment Date following the Issuance Closing Date a servicing fee with respect to the Notes (the "Servicing Fee") in the amount described in paragraph (b) and the Supplemental Servicing Fee described in paragraph (d). Any amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenture.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 the Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive from the Issuer on each Payment Date following the Issuance Date a servicing fee with respect to the Notes (the "Servicing Fee"). Any amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenture.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 the Servicer's "out-of-pocket expenses" means only those expenses incurred to unaffiliated third parties (e.g., including, without limitation, reasonable fees of outside counsel in a collection suitsuit and collection agents) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive on each Payment Date following the Issuance Date a servicing fee with respect to the Notes (the "Servicing Fee"). Any amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenture.

Costs of Servicing; Servicing Fee; Administrative Expenses. (a) All costs of servicing each Lease in the manner required by this Section 4 shall be borne by the Servicer, but the Servicer shall be entitled to retain, out of any amounts actually recovered by the Servicer in the performance of its obligations under Section 4.03 hereof with respect to any Lease or the interests in the Equipment subject thereto, the Servicer's actual out-of-pocket expenses reasonably incurred in the course of such performance with respect to such Lease or the interests in the Equipment. (For all purposes of this Section 4 the Servicer's "out-of-pocket expenses" means only those expenses incurred to third parties (e.g., reasonable fees of outside counsel in a collection suit) and not salaries, operating costs, overtime wages and other such "overhead" costs or expenses of the Servicer.) In addition, the Servicer shall be entitled to receive from the Trust on each Payment Date following the Issuance Closing Date a servicing fee with respect to the Receivables Notes (the "Servicing Fee"). Any ) and a servicing fee with respect to the Class R Notes (the "Residual Servicing Fee") in the amounts properly retained by the Servicer pursuant to this Section are, without further action by the Trustee, released from the Lien of the Indenturedescribed in paragraph (b) below.