Servicer and Subservicer Fees. No Servicer or Subservicer shall be paid any fees or indemnified out of any Loan Proceeds (or funds in the Collection Account, the Working Capital Reserve Account or any other Company account), it being understood that all fees and related costs of liabilities of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).
Appears in 10 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Servicer and Subservicer Fees. No Servicer or Subservicer shall be paid any fees or indemnified out of any Loan Asset Proceeds (or funds in the Collection Account, the Working Capital Reserve Account Account, the Company Development Account, any proceeds disbursed or accounts established under the Advance Facility Documents, or any other Company account), it being understood that all fees and related costs of liabilities of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Servicer and Subservicer Fees. No Servicer or Subservicer shall be paid any fees or indemnified out of any Loan Asset Proceeds (or funds in the Collection Account, the Working Capital Reserve Account Account, the Company Development Account, any proceeds disbursed or accounts established under the Advance Facility Documents, or any other Company account), it being understood that all fees and related costs of or liabilities (other than Servicing Expenses or Pre- Approved Charges) of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).
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Servicer and Subservicer Fees. No Servicer or Subservicer shall be paid any fees or indemnified out of any Mortgage Loan Proceeds (or funds in the Collection Account, the Working Capital Liquidity Account, the Special Reserve Account or any other Company account), it being understood that all fees and related costs of liabilities of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).
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