Interim Management Fee and Interim Servicing Fee; Management Fee. For each Due Period commencing on or after the Closing Date (and as determined separately for each Group of Loans), (a) with respect to any Group of Loans for which the Servicing Transfer Date has not occurred as of the first day of such Due Period, the Company shall pay the Interim Management Fee to the Manager and the Interim Servicing Fee to the Initial Member, and (b) for each Group of Loans for which the Servicing Transfer Date has occurred as of (or occurs on) the first day of such Due Period, the Company shall pay the Management Fee to the Manager. Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period). In the event the Manager is removed and replaced by the Initial Member in accordance with Section 12.4 above, the Management Fee and Interim Management Fee shall thereafter be payable to the Initial Member or successor Manager, as determined by the Initial Member pursuant to such Section 12.4.
Interim Management Fee and Interim Servicing Fee; Management Fee. For each Due Period commencing on or after the Closing Date (and as determined separately for each Group of Mortgage Loans), (a) with respect to any Group of Mortgage Loans for which the Servicing Transfer Date has not occurred as of the first day of such Due Period, the Company shall pay the Interim Management Fee to the Manager and the Interim Servicing Fee to the Initial Member, and (b) for each Group of Mortgage Loans for which the Servicing Transfer Date has occurred as of (or occurs on) the first day of such Due Period, the Company shall pay the Management Fee to the Manager. Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period). In the event the Manager is removed and replaced by the Initial Member in accordance with Section 12.4 above, the Management Fee and Interim Management Fee shall thereafter be payable to the Initial Member or successor Manager, as determined by the Initial Member pursuant to such Section 12.4.
Interim Management Fee and Interim Servicing Fee; Management Fee. For each Due Period (and as determined separately for each Group of Assets), (a) with respect to any Group of Assets for which the Servicing Transfer Date has not occurred as of the first day of such Due Period, the Company shall pay the Interim Management Fee to the Manager and the Interim Servicing Fee to the Initial Member, and (b) for each Group of Assets for which the Servicing Transfer Date has occurred as of (or occurs on) the first day of such Due Period, the Company shall pay the Management Fee to the Manager. Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period). In the event the Manager is removed and replaced by the Initial Member in accordance with Section 12.4 above, the Management Fee and Interim Management Fee shall thereafter be payable to the Initial Member or successor Manager, as determined by the Initial Member pursuant to such Section 12.4. The Manager may not assign its right to receive the Management Fee without the prior written consent of the Initial Member, which consent may be withheld in the sole discretion of the Initial Member.
Interim Management Fee and Interim Servicing Fee; Management Fee
