Common use of Servicer Fee Clause in Contracts

Servicer Fee. A Servicer Fee in respect of each Settlement Period, equal to 1.0% per annum (assuming a 30/360 day basis) of the Principal Balance of Purchased Receivables on the first day of such Settlement Period, shall be remitted by the Purchaser to the Servicer. If CFC is acting as the Servicer, then the Servicer shall retain an amount equal to the Servicer Fee (in full satisfaction of the payment of such fee to the Servicer) out of amounts required to be remitted by the Servicer in accordance with Section 5.3.

Servicer Fee. A Servicer Fee in respect of each Settlement Period, equal to 1.0% per annum (assuming a 30/360 day basis) of the Aggregate Principal Balance of the Purchased Receivables on the first day of such Settlement Period, shall be remitted by the Purchaser to the Servicer. If CFC is acting as the Servicer, then the Servicer shall retain an amount equal to the Servicer Fee (in full satisfaction of the payment of such fee to the Servicer) out of amounts required to be remitted by the Servicer in accordance with Section 5.35.2.

Servicer Fee. A Servicer Fee in respect of each Settlement Period, equal to 1.0% the per annum Service Fee Rate (assuming a 30/360 day basis) of the Principal Balance of Purchased Receivables on the first day of such Settlement Period, shall be remitted by the Purchaser to the Servicer. If CFC is acting as the Servicer, then the Servicer shall retain an amount equal to the Servicer Fee (in full satisfaction of the payment of such fee to the Servicer) out of amounts required to be remitted by the Servicer in accordance with Section 5.3.

Servicer Fee. A Servicer Fee in respect of each Settlement Period, equal to 1.0% per annum (assuming a 30/360 day basis) of the Principal Balance of Purchased Receivables on the first day of such Settlement Period, shall be remitted by the Purchaser Purchasers to the Servicer. If CFC is acting as the Servicer, then the Servicer shall retain an amount equal to the Servicer Fee (in full satisfaction of the payment of such fee to the Servicer) out of amounts required to be remitted by the Servicer in accordance with Section 5.3.