Common use of Servicer Fee Clause in Contracts

Servicer Fee. Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall pay to the Servicer in accordance with Section 8.4(a) of the Indenture the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer may retain any Supplemental Servicing Fees.

Appears in 8 contracts

Samples: Servicing Agreement (Volkswagen Auto Lease Trust 2010-A), Servicing Agreement (Volkswagen Auto Lease Trust 2010-A), Servicing Agreement (Volkswagen Auto Lease Underwritten Funding LLC)

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Servicer Fee. Notwithstanding anything to the contrary in Section 2.5 of the Servicing Agreement, on On each Payment Date, the Issuer shall pay to the Servicer in accordance with Section 8.4(a) of the Indenture the Servicing Fee for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer may retain any Supplemental Servicing Fees.

Appears in 1 contract

Samples: Servicing Agreement (Volkswagen Auto Lease Trust 2002-A)

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