Servicer's Fee. The "Servicer's Fee" relating to any Undivided Interest accrued for any day means
(i) an amount equal to (x) 0.50% per annum, times (y) the amount of the related Purchaser's Investment at the close of business on such day, times (z) 1/360; or
(ii) on and after Servicer's reasonable request made at any time when Seller or any of its Affiliates shall no longer be Servicer, an alternative amount specified by Servicer not exceeding (x) 110% of Servicer's cost and expenses of performing its obligations under the Agreement during the Yield Period when such day occurs, divided by (y) the number of days in such Yield Period.
Servicer's Fee. The "Servicer's Fee" for any Undivided Interest at any time means (i) an amount accrued for each day equal to 1.00% times the Purchaser's Investment therein at the close of business on such day, times 1/360; or (ii) on Servicer's reasonable request from and after any time that API shall no longer be Servicer, an alternative amount charged by Servicer to perform its obligations under this Agreement. Notwithstanding any other provision to this Agreement to the contrary, Servicer's Fee shall be a recourse obligation of the Seller.
Servicer's Fee. Subject to Section 13(a) hereof, the Buyer shall pay the Servicers a one-time fee of $500,000 on the Closing Date and an annual fee equal to $250,000 in cash (the “Annual Fee”) as consideration for Servicers’ performance under this Agreement, payable annually in arrears and subject to proration based on a year comprised of 12 months. Such Annual Fee shall be paid irrespective of any limitations under any document to which the Buyer, the Company or any of their affiliates are parties and shall be due on December 31 of each year; provided that the final Annual Fee(s) owing to the Servicers shall be paid on the Termination Date.
Servicer's Fee. The Servicer will be entitled to receive in respect of each Accrual Period on the following Distribution Date in accordance with the terms of this Deed the fee agreed by the Trustee and the Servicer prior to the date of this Deed or as may otherwise be agreed by the Trustee, the Manager and the Servicer provided that each Rating Agency will be given 3 Business Days' prior notice by the Manager of any variation of the Servicer's Fee and the Servicer's Fee will not be varied if such variation would result in a reduction, qualification or withdrawal of any then current credit rating of any Security.
Servicer's Fee. 93 19.5 Security Trustee's Fees and Expenses............................93 19.6
Servicer's Fee. The Servicer will be entitled to receive in respect of each monthly Accrual Period on the following Monthly Distribution Date in accordance with the terms of this Deed the fee agreed by the Trustee and the Servicer prior to the date of this Deed or as may otherwise be agreed by the Trustee, the Manager and the Servicer provided that each Rating Agency will be given 3 Business Days' prior notice by the Manager of any variation of the Servicer's Fee and the Servicer's Fee will not be varied if such variation would result in a reduction, qualification or withdrawal of any then current credit rating of any Security.
Servicer's Fee. Seller hereby agrees to pay to Servicer a fee (the "Servicer's Fee") for each month (or portion thereof in which such Person was acting as Servicer) from and including the date hereof to but excluding the date on which all amounts payable under or in connection with this Agreement and the Purchase and Sale Agreement have been finally paid in full (and this Agreement and the Purchase and Sale Agreement shall have terminated), in an amount calculated as follows:
(i) at any time when Sunterra (or any Affiliate thereof) is Servicer, an amount equal to one-twelfth of 1.0% of aggregate Unpaid Balance of Pool Receivables as measured on the latest Month End Date referred to in the most recent Periodic Report (or, for the period from and including the initial closing date of the transactions contemplated hereby to (but excluding) the date on which the first Periodic Report is delivered hereunder, one-twelfth of 1.0% of the Aggregate Investment as measured at Servicer's close of business on such closing date); or
(ii) on and after Servicer's request made at any time when Sunterra (or any Affiliate thereof) is not Servicer, the greater of (A) an amount calculated pursuant to the foregoing clause (i) or (B) an alternative amount specified by Servicer not exceeding 110% of the aggregate costs and expenses incurred by Servicer during such month in connection with performing its obligations under this Agreement and the other Transaction Documents.
Servicer's Fee. The amount of the Servicing Fee which the Servicer shall be entitled to receive on each Cash Provision Fee Payment Date shall be determined by multiplying the average Borrowing Base during the Settlement Period ending on such Settlement Date times 1.00% times 1/52.
Servicer's Fee. The "SERVICER'S FEE" relating to any Undivided Interest accrued for any day means
Servicer's Fee. Seller hereby agrees to pay to Servicer a fee (the "Servicer's Fee") for each calendar month (or portion thereof in which such Person was acting as Servicer) from and including the date hereof to but excluding the date on which
(i) at any time when Union is Servicer, an amount equal to one-twelfth of 0.50% of the Unpaid Balance of the Receivables as measured on the latest Month End Date referred to in the most recent Periodic Report (or, for the period from and including the initial closing date of the transactions contemplated hereby to (but excluding) the date on which the first Periodic Report is delivered hereunder, one-twelfth of 0.50% of the Unpaid Balance of the Receivables as measured at Servicer's close of business on such closing date); or
(ii) on and after Servicer's reasonable request made at any time when Union is not Servicer, the greater of (A) an amount calculated pursuant to the foregoing clause (i) or (B) an alternative amount specified by Servicer not exceeding 110% of the aggregate documented reasonable costs and expenses incurred by Servicer during such calendar month in connection with performing its obligations under this Agreement and the other Transaction Documents; provided, however, that in no event shall any Servicer's Fee calculated pursuant to this clause (ii)(B) for any calendar month exceed an amount equal to one-twelfth of 1.0% of the Unpaid Balance of the Receivables as measured on the latest Month End Date referred to in the most recent Periodic Report. Such Servicer's Fee shall be paid out of Seller's share of the Collections of Receivables, except to the extent Servicer's Fee is expressly provided to be paid out of Purchaser's Share of such Collections pursuant to Article III hereof. Accrued Servicer's Fee shall be payable at the times and in the amounts specified in Article III hereof. In addition, on the fifteenth day of each calendar month (or, if such day is not a Business Day, on the next following Business Day), Seller and Servicer shall determine whether there was an aggregate underpayment (in which case Seller shall make an appropriate additional payment to Servicer on such date) or overpayment (in which case Servicer shall make, out of Seller's share of such Collections, an appropriate rebate to Seller on such date) of Servicer's Fee during the preceding calendar month.
