Common use of Incentive Fees Clause in Contracts

Incentive Fees. Each Approved Subservicer shall be entitled to receive the following incentive fees for short sale resolutions of Delinquent Subserviced Loans: Sale Price to BPO Incentive Floor $ Cap $ <80% 0.00% 0 0 80% – 85% 0.50% 500 4,500 85% – 90% 0.75% 500 4,500 >90% 1.25% 500 4,500 The short sale incentive shall be the gross sale price multiplied by the incentive percentage, subject to the Floor and Cap, as per the table above. The short sale incentives will be netted with any Treasury-paid servicer incentives in which the Approved Subservicer participates (e.g., Home Affordable Foreclosure Alternatives (“HAFA”) incentives, if applicable); provided, however, that if a loan is HAFA eligible, and the related Approved Subservicer participates in HAFA, such Approved Subservicer shall retain all HAFA incentives so long as the HAFA incentive is greater than the contract incentive. If the contract incentive is greater than the HAFA incentive, the Approved Subservicer shall keep the HAFA incentive and JPMorgan shall pay the Approved Subservicer the difference between the full contract incentive and the HAFA incentive.