PERFORMING LOAN SERVICING PROGRAM Compensation Sample Clauses

PERFORMING LOAN SERVICING PROGRAM Compensation. For its services, Servicer shall earn a monthly servicing fee on each loan in the Servicer’s system that qualifies as performing, subject to a three (3) month minimum per loan, (see addendum) plus $15.00 per month per additional Lender, billed equally to Lenders or to Client as agreed per loan. Client agrees to add $5.00 for a HELOC and/or Variable loans. Unusual loans, loans over $1 million principal balance, and commercial loans are negotiable on fees. The monthly servicing fee earned by Servicer may be deducted from Client or Lender’s proceeds, or may be billed separately, as determined by Servicer. If servicing fee is billed, it must be paid by Client within thirty (30) days of billing. There is a onetime Loan Setup Fee which is set forth on Fee Schedule articulated in the Addendum which is attached hereto and made a part hereof per activated or reactivated loan that is to be included before setup. Existing performing Bankruptcy or Forbearance Plan Loan that is to be included for servicing shall have an additional $150 setup fee. Loans in Bankruptcy are treated as two Loans, a pre-petition Loan and a post petition Loan. Servicer shall be entitled to a $50 administrative fee for resetting a Loan after a Loan is set up in servicing due to Assignment, disbursement, draw, modification or similar situation. Servicer will: (a) retain all fees for payoff demand statements and related documents, returned check charges, if applicable;
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Related to PERFORMING LOAN SERVICING PROGRAM Compensation

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • INTERIM ASSET SERVICING ARRANGEMENT (a) With respect to each asset (or liability) designated from time to time by the Receiver to be serviced by the Assuming Bank pursuant to this Arrangement (such being designated as "Pool Assets"), during the term of this Arrangement, the Assuming Bank shall:

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

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