Common use of Direct Servicer Compensation Clause in Contracts

Direct Servicer Compensation. (a) Unless otherwise provided in the related Servicing Contract, each Direct Servicer will be entitled to a Servicing Fee for its direct servicing activities with respect to the Trusts that include Mortgage Loans serviced by it. If and to the extent provided in the related Servicing Contract, the Direct Servicer, in payment for its services to the Trust, will be permitted to retain its Servicing Fee and, if applicable, LPMI Charges, prior to depositing the remaining portion of principal and interest collections to the Custodial Account. (b) Subject to the related Servicing Contract, all or any portion of any Excess Spread with respect to certain Mortgage Loans serviced by a Direct Servicer may be paid to that Direct Servicer as additional compensation while that Direct Servicer is servicing those Mortgage Loans under its Servicing Contract. Subject to the related Servicing Contract, the Direct Servicer may retain such Excess Spread, at the same time and in the same manner as the Servicing Fee. To the extent permitted in the Servicing Contract, the Direct Servicer may (i) transfer all or any portion of the Excess Spread with respect to the Mortgage Loans serviced by that Direct Servicer to the Issuer for deposit to an Other Xxxxxx Mae Trust or pursuant to Subsection 5.1(7) The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable. None of the Direct Servicer, the Master Servicer or any successor Direct Servicer or Master Servicer will have any right to any Securitized Excess Spread as a result of its servicing relationship and the Other Xxxxxx Xxx Trust through which the Securitized Excess Spread is securitized will continue to receive the Securitized Excess Spread in accordance with the terms of the transfer. (c) Unless otherwise provided in the related Issue Supplement, any additional compensation for performance of servicing functions, including assumption fees, late payment charges, partial release fees, prepayment charges and other administrative fees or expenses permitted under the Mortgage Documents will be retained by the Direct Servicer or the Master Servicer as provided in the related Servicing Contract.

Direct Servicer Compensation. (a) Unless otherwise provided in the related Servicing Contract, each Direct Servicer will be entitled to a Servicing Fee for its direct servicing activities with respect to the Trusts that include Mortgage Loans serviced by it. If and to the extent provided in the related Servicing Contract, the Direct Servicer, in payment for its services to the Trust, will be permitted to retain its Servicing Fee and, if applicable, LPMI Charges, prior to depositing the remaining portion of principal and interest collections to the Custodial Account. (b) Subject to the related Servicing Contract, all or any portion of any Excess Spread with respect to certain Mortgage Loans serviced by a Direct Servicer may be paid to that Direct Servicer as additional compensation while that Direct Servicer is servicing those Mortgage Loans under its Servicing Contract. Subject to the related Servicing Contract, the Direct Servicer may retain such Excess Spread, at the same time and in the same manner as the Servicing Fee. To the extent permitted in the Servicing Contract, the Direct Servicer may (i) transfer all or any portion of the Excess Spread with respect to the Mortgage Loans serviced by that Direct Servicer to the Issuer for deposit to an Other Xxxxxx Mae Xxx Trust or pursuant to Subsection 5.1(7) The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable. None of the Direct Servicer, the Master Servicer or any successor Direct Servicer or Master Servicer will have any right to any Securitized Excess Spread as a result of its servicing relationship and the Other Xxxxxx Xxx Mae Trust through which the Securitized Excess Spread is securitized will continue to receive the Securitized Excess Spread in accordance with the terms of the transfer. (c) Unless otherwise provided in the related Issue Supplement, any additional compensation for performance of servicing functions, including assumption fees, late payment charges, partial release fees, prepayment charges and other administrative fees or expenses permitted under the Mortgage Documents will be retained by the Direct Servicer or the Master Servicer as provided in the related Servicing Contract.

Direct Servicer Compensation. (a) Unless otherwise provided in the related Servicing Contract, each Direct Servicer will be entitled to a Servicing Fee for its direct servicing activities with respect to the Trusts that include Mortgage Loans serviced by it. If and to the extent provided in the related Servicing Contract, the Direct Servicer, in payment for its services to the Trust, will be permitted to retain its Servicing Fee and, if applicable, LPMI Charges, prior to depositing the remaining portion of principal and interest collections to the Custodial Account. (b) Subject to the related Servicing Contract, all or any portion of any Excess Spread with respect to certain Mortgage Loans serviced by a Direct Servicer may be paid to that Direct Servicer as additional compensation while that Direct Servicer is servicing those Mortgage Loans under its Servicing Contract. Subject to the related Servicing Contract, the Direct Servicer may retain such Excess Spread, at the same time and in the same manner as the Servicing Fee. To the extent permitted in the Servicing Contract, the Direct Servicer may (i) transfer all or any portion of the Excess Spread with respect to the Mortgage Loans serviced by that Direct Servicer to the Issuer for deposit to an Other Xxxxxx Mae Xxx Trust or pursuant to Subsection 5.1(7) The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable. None of the Direct Servicer, the Master Servicer or any successor Direct Servicer or Master Servicer will have any right to any Securitized Excess Spread as a result of its servicing relationship and the Other Xxxxxx Xxx Trust through which the Securitized Excess Spread is securitized will continue to receive the Securitized Excess Spread in accordance with the terms of the transfer. (c) Unless otherwise provided in the related Issue Supplement, any additional compensation for performance of servicing functions, including assumption fees, late payment charges, partial release fees, prepayment charges and other administrative fees or expenses permitted under the Mortgage Documents will be retained by the Direct Servicer or the Master Servicer as provided in the related Servicing Contract.