Common use of Master Servicing Fees Clause in Contracts

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.

Appears in 4 contracts

Samples: u.s. Receivables Loan Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC)

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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 lesser of (a) the product of (i) the Servicing Fee Percentage multiplied andmultiplied by (ii) the average Aggregateaverage aggregate Principal Amount of all Pool Receivables owned Balance of the Loans as of the end ofowned by the Company during the preceding Settlement Period multiplied and (b) 108% of the actual cost of servicing the Receivables.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.

Appears in 1 contract

Samples: u.s. Receivables Loan Agreement (Huntsman CORP)

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