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.

Direct Servicer Compensation. (a) Unless otherwise provided in the related Servicing Contract, each Direct Servicer will be entitled to a Servicing Fee for For its direct servicing activities with respect to the Trusts that include Mortgage Loans serviced by it, each Direct Servicer will be entitled to a Servicing Fee. 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. The Master Servicer will not, unless it is also an interim servicer or Direct Servicer, retain a Servicing Fee.