FLAT FEE NON-PERFORMING NO COLLECTION PROGRAM Compensation Sample Clauses

FLAT FEE NON-PERFORMING NO COLLECTION PROGRAM Compensation. For its services, Servicer shall earn a monthly servicing fee on each Loan in the Servicer's system plus $15.00 per month per additional Lender, billed equally to Lenders or to Client as agreed. Unusual loans, loans over $1 million principal balance, and commercial loans are negotiable on fees. There is a one-time Loan Setup and File Scrubbing Fee per Loan. Existing performing Bankruptcy or Forbearance Plan Loan that is to be included for servicing shall have an additional $150 setup fee. Loans in Bankruptcy are treated as two Loans, a pre-petition Loan and a post petition Loan. Servicer shall be entitled to a $50 administrative fee for resetting a Loan after a Loan is set up in servicing due to Assignment, disbursement, draw, modification or similar situation. Servicer will retain:
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FLAT FEE NON-PERFORMING NO COLLECTION PROGRAM Compensation. For its services, Servicer shall earn a monthly servicing fee, which is set forth on Fee Schedule, on each Loan in the Servicer’s system plus additional Lender fee per month which is set forth on Fee Schedule, billed equally to Lenders or to Client as agreed per loan. Client agrees to add additional fee, which is set forth on Fee Schedule, for a HELOC and/or Variable loans. Unusual loans, loans over $1 million principal balance, and commercial loans are negotiable on fees. There is a one-time Loan Setup and File Scrubbing Fee per Loan. Existing performing Bankruptcy or Forbearance Plan Loan that is to be included for servicing shall have an additional setup fee, which is set forth on Fee Schedule. Loans in Bankruptcy are treated as two Loans, a pre-petition Loan and a post-petition Loan. Servicer shall be entitled to an administrative fee, which is set forth on Fee Schedule, for resetting a Loan after a Loan is set up in servicing due to Assignment, disbursement, draw, modification or similar situation. Servicer will retain: (a) 50% of paid monthly late charges; (b) all fees for payoff demand statements and related documents, and returned check charges, if applicable; (c) 100% of the standard monthly loan servicing fee based on each and every Loan as long as the Loan is in Servicer’s servicing system, including during the foreclosure process, bankruptcy relief, the REO sales process, and payment process. The monthly servicing fee earned by Servicer and all hard costs incurred in the normal transaction of business, including, but not limited to, actual attorney’s fees, foreclosure costs, property valuations, title fees, property preservation costs, municipal charges, taxes, and agent fees may be deducted from Client or Lender’s proceeds, deducted from an established expense Reserve Account, or may be billed separately, as determined by Servicer. All hard costs in excess of $100.00 must be approved by Client in writing, or by email, before being incurred by Servicer. Extraordinary activity and special requests may be subject to reasonable additional charges. Fees for certain documents and services, if available, will be charged according to the Fee Schedule. **Any NSF fees incurred on the borrower’s account and not paid by the borrower will be the responsibility of the Client before a loan can be removed from servicing.
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Related to FLAT FEE NON-PERFORMING NO COLLECTION PROGRAM Compensation

  • Nondiscretionary Details and Minor Expenses The Custodian shall attend to all nondiscretionary details in connection with the sale or purchase or other administration of Investments, except as otherwise directed by Instruction, and may make payments to itself or others for minor expenses of administering Investments under this Agreement, provided that the Fund shall have the right to request an accounting with respect to such expenses.

  • Servicer Compensation The Servicer shall withdraw its Servicing Fee for each Mortgage Loan net of any Month End Interest payable pursuant to Section 7.6.1 from the related Custodial P&I Account prior to the remittance of such amounts to the Certificate Account with all other payments received with respect to the Mortgage Loans.

  • Termination Fee; Expenses Except as provided in this ------------------------- Section 7.3, all fees and expenses incurred by the parties hereto shall be borne solely and entirely by the party which has incurred such fees and expenses. In the event that (A) a Takeover Proposal shall have been made known to the Company or shall have been made directly to its stockholders generally or any person shall have publicly announced an intention (whether or not conditional) to make a Takeover Proposal and thereafter this Agreement is terminated by the Company either (I) pursuant to Section 7.1(b)(iii) hereof or, (II) if the Offer has remained open for at least 20 business days and the Minimum Condition has not been satisfied (and none of the events described in paragraphs (a), (b), (d) and (e) of Annex A shall have occurred so as to result in a condition to the Offer not being satisfied), pursuant to Section 7.1(b)(ii) hereof, and in the case of either clause (I) or (II) such Takeover Proposal is consummated within one (1) year of such termination or (B) this Agreement (i) is terminated by Parent pursuant to Section 7.1(d)(ii), or (ii) is terminated by the Company pursuant to Section 7.1(c)(ii), then the Company shall pay to Parent (in the case of a termination pursuant to Section 7.1(c)(ii), prior to or simultaneously with such termination, or in the case of a termination pursuant to Section 7.1(d)(ii), not later than one (1) business day after such termination, or in the case of a termination pursuant to Section 7.1(b)(ii) or 7.1(b)(iii), upon the consummation of such Takeover Proposal) a termination fee equal to $10 million in cash and shall reimburse Parent's out-of-pocket expenses, including attorneys' fees, related to this Agreement and the transactions contemplated hereby. The fee arrangement contemplated hereby is the sole remedy hereunder and shall be paid pursuant to this Section 7.3 regardless of any alleged breach, other than a willful or intentional breach, by Parent of its obligations hereunder, provided that no payment made by the Company pursuant to this Section 7.3 shall operate or be construed as a waiver by the Company of any breach of this Agreement by Parent or Purchaser or of any rights of the Company in respect thereof.

  • Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls In the event that any Mortgage Loan is the subject of a Prepayment Interest Shortfall, the Servicer shall, from amounts in respect of the Servicing Fee for such Distribution Date, deposit into the Collection Account, as a reduction of the Servicing Fee for such Distribution Date, no later than the Servicer Remittance Date immediately preceding such Distribution Date, an amount up to the Prepayment Interest Shortfall; provided that the amount so deposited shall not exceed the Compensating Interest for such Distribution Date. In case of such deposit, the Servicer shall not be entitled to any recovery or reimbursement from the Depositor, the Trustee, the Issuing Entity or the Certificateholders. With respect to any Distribution Date, to the extent that the Prepayment Interest Shortfall exceeds Compensating Interest (such excess, a "Non-Supported Interest Shortfall"), such Non-Supported Interest Shortfall shall reduce the Current Interest with respect to each Class of Certificates, pro rata based upon the amount of interest each such Class would otherwise be entitled to receive on such Distribution Date. Notwithstanding the foregoing, there shall be no reduction of the Servicing Fee in connection with Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings and the Servicer shall not be obligated to pay Compensating Interest with respect to Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings.

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