Common use of Fulfillment Fees Clause in Contracts

Fulfillment Fees. The Fulfillment Fee for each Mortgage Loan purchased from an approved Correspondent (other than the Service Provider) shall equal the product of (a) in the case of a Xxxxxx Xxx Mortgage Loan or a Xxxxxxx Mac Mortgage Loan, (i) the product of 0.35% and (ii) the aggregate unpaid principal balance of such Xxxxxx Xxx Mortgage Loan or Xxxxxxx Mac Mortgage Loan, and (b) in the case of any other Mortgage Loan, (i) the product of 0.85% and (ii) the aggregate unpaid principal balance of such Mortgage Loan; provided, however, that no Fulfillment Fee shall be due or payable to the Service Provider with respect to any Xxxxxx Xxx Mortgage Loan. The Fulfillment Fee with respect to each Xxxxxx Mae Mortgage Loan and Xxxxxxx Mac Mortgage Loan shall be due and payable by the Company upon the funding of such Mortgage Loan or within thirty (30) days thereof. The Fulfillment Fee with respect to each Mortgage Loan other than a Xxxxxx Mae Mortgage Loan or Xxxxxxx Mac Mortgage Loan shall be due and payable by the Company as follows: (a) the product of 0.35% and the aggregate unpaid principal balance of such Mortgage Loan upon the funding of such Mortgage Loan or within thirty (30) days thereof, and (b) the product of 0.50% and (ii) the aggregate unpaid principal balance of such Mortgage Loan upon the sale of such Mortgage Loan or within thirty (30) days thereof.

Fulfillment Fees. The Fulfillment Fee for each Mortgage Loan purchased from an approved Correspondent (other than the Service Provider) shall equal the product of (a) in the case of a HARP Mortgage Loan with an LTV of 105% or less, the product of (i) .80%, and (ii) the aggregate unpaid principal balance of such HARP Mortgage Loan, (b) in the case of a HARP Mortgage Loan with an LTV of greater than 105%, the product of (i) 1.20%, and (ii) the aggregate unpaid principal balance of such HARP Mortgage Loan, (c) in the case of a Xxxxxx Xxx Mortgage Loan or a Xxxxxxx Mac Mortgage Loan, (i) the product of 0.35.50% and (ii) the aggregate unpaid principal balance of such Xxxxxx Xxx Mortgage Loan or Xxxxxxx Mac Mortgage Loan, and (bd) in the case of any other a Xxxxxx Xxx Mortgage Loan, (i) the product of 0.85.88% and (ii) the aggregate unpaid principal balance of such Xxxxxx Mae Mortgage Loan, and (e) in the case of any other Mortgage Loan not otherwise contemplated in (a)-(d) above, the product of (i) .50%, and (ii) the aggregate unpaid principal balance of such Mortgage Loan. Notwithstanding the foregoing, the Service Provider may, in its sole discretion and with respect to the purchase of any Mortgage Loan, reduce the amount of its Fulfillment Fee as otherwise provided herein and credit the amount of such reduction toward the amount of any reimbursement otherwise due from the Service Provider in accordance with the following paragraph; provided, however, that no Fulfillment Fee shall such reduction may only be due or payable credited to the Service Provider with respect reimbursement applicable to any Xxxxxx Xxx the month in which the related Mortgage LoanLoan was funded. The Fulfillment Fee with respect to each Xxxxxx Mae Mortgage Loan and Xxxxxxx Mac such Mortgage Loan shall be due and payable by the Company upon the funding of such Mortgage Loan or within thirty (30) days thereof. The Fulfillment Fee with respect to each Mortgage Loan other than a Xxxxxx Mae Mortgage Loan or Xxxxxxx Mac Mortgage Loan shall be due and payable by the Company. In the event the Company as followspurchases Mortgage Loans with an aggregate unpaid principal balance in any month of greater than $2.5 billion, the Service Provider shall reimburse the Company an amount equal to the percentage of such aggregate unpaid principal balance relating to Mortgage Loans for which the Service Provider collected Fulfillment Fees for such month, multiplied by the sum of the following: (a) the product of 0.35% (i) .025%, and (ii) the aggregate amount of unpaid principal balance in excess of such Mortgage Loan upon the funding of such Mortgage Loan $2.5 billion and less than or within thirty (30) days thereofequal to $5.0 billion, and plus (b) the product of 0.50% (i) .05%, and (ii) the aggregate amount of unpaid principal balance in excess of $5.0 billion. Any such reimbursement due from the Service Provider to the Company as provided herein shall be paid within five (5) Business Days of such Mortgage Loan upon the sale of such Mortgage Loan or within thirty (30) days thereofdetermination.

Fulfillment Fees. The Fulfillment Fee for each Mortgage Loan purchased from an approved Correspondent (other than the Service Provider) shall equal the product of (a) in the case of a HARP Mortgage Loan with an LTV of 105% or less, the product of (i) .80%, and (ii) the aggregate unpaid principal balance of such HARP Mortgage Loan, (b) in the case of a HARP Mortgage Loan with an LTV of greater than 105%, the product of (i) 1.20%, and (ii) the aggregate unpaid principal balance of such HARP Mortgage Loan, (c) in the case of a Xxxxxx Xxx Mortgage Loan or a Xxxxxxx Mac Mortgage Loan, (i) the product of 0.35.50% and (ii) the aggregate unpaid principal balance of such Xxxxxx Xxx Mortgage Loan or Xxxxxxx Mac Mortgage Loan, and (bd) in the case of any other a Xxxxxx Xxx Mortgage Loan, (i) the product of 0.85.88% and (ii) the aggregate unpaid principal balance of such Mortgage Loan; provided, however, that no Fulfillment Fee shall be due or payable to the Service Provider with respect to any Xxxxxx Xxx Mae Mortgage Loan. The Fulfillment Fee with respect to each Xxxxxx Mae Mortgage Loan and Xxxxxxx Mac such Mortgage Loan shall be due and payable by the Company upon the funding of such Mortgage Loan or within thirty (30) days thereof. The Fulfillment Fee with respect to each Mortgage Loan other than a Xxxxxx Mae Mortgage Loan or Xxxxxxx Mac Mortgage Loan shall be due and payable by the Company. In the event the Company as follows: (a) purchases Mortgage Loans with an aggregate unpaid principal balance of greater than $2.5 billion and less than or equal to $5.0 billion, the Service Provider shall reimburse the Company an amount equal to the product of 0.35% (i) .025%, (ii) the amount of unpaid principal balance in excess of $2.5 billion, and (iii) the percentage of the aggregate unpaid principal balance relating to Mortgage Loans for which the Service Provider collects Fulfillment Fees. In the event the Company purchases Mortgage Loans with an aggregate unpaid principal balance of such Mortgage Loan upon greater than $5.0 billion, the funding Service Provider shall reimburse the Company an amount equal to the product of such Mortgage Loan or within thirty (30i) days thereof.05%, (ii) the amount of unpaid principal balance in excess of $5.0 billion, and (biii) the product percentage of 0.50% and (ii) the aggregate unpaid principal balance relating to Mortgage Loans for which the Service Provider collects Fulfillment Fees. Any such reimbursement due from the Service Provider to the Company as provided herein shall be paid within five (5) Business Days of such Mortgage Loan upon the sale of such Mortgage Loan or within thirty (30) days thereofdetermination.