MASTER SERVICING FEES Sample Clauses
The Master Servicing Fees clause defines the compensation paid to the master servicer for managing and administering a pool of assets, such as loans or receivables, on behalf of the asset owner or trust. Typically, this fee is calculated as a percentage of the outstanding principal balance of the assets and is paid periodically, often monthly or quarterly. The clause ensures that the master servicer is properly compensated for its ongoing administrative duties, such as collecting payments, maintaining records, and handling delinquencies, thereby incentivizing effective management and aligning interests between the servicer and the asset owner.
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MASTER SERVICING FEES. A monthly servicing fee (the “Monthly Servicing Fee”) shall be payable to the Master Servicer on each Settlement Date for the preceding Settlement Period, in an amount equal to the product of (i) the Servicing Fee Percentage multiplied by (ii) the average aggregate Principal Amount of all Pool Receivables owned by the Company during the preceding Settlement Period multiplied by (iii) the number of days in the Settlement Period divided by 360. Notwithstanding any other provision of this Agreement or any other Transaction Document, from and after the appointment of a Back-Up Servicer, the Monthly Servicing Fee shall be adjusted to effect the fees payable to the Back-Up Servicer pursuant to the Back-Up Servicing Agreement.
MASTER SERVICING FEES. (a) In consideration of RGHI’s agreement to act as Master Servicer hereunder, so long as RGHI shall continue to perform as Master Servicer hereunder, the Buyer shall pay to RGHI a fee (the “Master Servicing Fee”) on each Settlement Date in accordance with Section 2.12 of the Receivables Loan and Security Agreement, in arrears for the immediately preceding calendar month, equal to the Master Servicing Fee Amount for such period. The Master Servicing Fee shall be the exclusive compensation to RGHI for its services as Master Servicer and reimbursement for all of its costs and expenses as Master Servicer, and neither the Buyer nor any other party hereto shall have any obligation to reimburse RGHI in respect of any costs or expenses suffered or incurred by RGHI in such capacity, all of which are intended to be covered by the Master Servicing Fee. RGHI acknowledges that its claim for payment of the Master Servicing Fee is a limited recourse claim, payable only on the terms and conditions set forth in, and to the extent of available funds under, Section 2.12 of the Receivables Loan and Security Agreement.
(b) In the event that RGHI is replaced as Master Servicer pursuant to Section 9.01(a) or Section 9.05(b), in consideration of such replacement Master Servicer’s agreement to act as Master Servicer hereunder, the Administrative Agent, each Facility Agent and each Lender have agreed in the Receivables Loan and Security Agreement that, so long as such replacement Master Servicer shall continue to perform as Master Servicer hereunder, the Buyer shall pay the Master Servicing Fee over to such replacement Master Servicer, which such fee shall be paid at such times and in such reasonable amounts as agreed to by the Administrative Agent and such replacement Master Servicer.
MASTER SERVICING FEES. 13 Master Servicing Fee Rate...............................................................................13
MASTER SERVICING FEES. A monthly servicing fee (the "Monthly Servicing Fee") shall be payable to the Master Servicer on each Settlement Date for the preceding Settlement Period, in an amount equal to the product of (i) the Servicing Fee Percentage multiplied by (ii) the average Aggregate Receivables Amount for the preceding Settlement Period multiplied by (iii) the number of days in the Settlement Period divided by 360. Notwithstanding any other provision of this Agreement or any other Transaction Document, (x) the Monthly Servicing Fee, payable to a Successor Master Servicer shall be paid to the Liquidation Servicer for so long as the Liquidation Servicer has not resigned or been terminated and (y) the Monthly Servicing Fee shall be adjusted to effect the fees payable to the Liquidation Servicer pursuant to the Liquidation Servicer Agreement.
MASTER SERVICING FEES. The Owner shall pay Master Servicer an annual servicing fee of two and a half tenths of one percent (0.25%) per annum of the gross asset value of the Assets (the “Service Fee”), which shall be paid quarterly in arrears.