Rate Change. The Servicer shall provide all aspects of the Services at its sole cost and expense, except as otherwise provided by this Agreement, and shall be compensated as set forth herein and in the Fee Schedule attached hereto. To the extent that an increase occurs in the costs incurred by the Servicer in providing the Services hereunder whether due to: (a) changes in the Regulations, (b) legislative and regulatory changes beyond the control of the Servicer which pertain to the manner of servicing of the Student Loans in accordance with Section 5.2 herein, (c) changes in United States Postal Service postage rates, (d) material changes requested by FMC in the Services provided herein, the Servicer shall have the right to make a compensating increase to the Servicing fees set forth herein and in the Fee Schedule. The Servicer shall give FMC thirty (30) days prior written notice before implementing any such increase in Servicing fees pursuant to this Section 6.1.
Appears in 4 contracts
Samples: Alternative Servicing Agreement, Alternative Servicing Agreement (National Collegiate Funding LLC), Alternative Loan Servicing Agreement (National Collegiate Funding LLC)