Common use of Servicer's Fee Clause in Contracts

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" relating to any Undivided Interest accrued for any day means (i) an amount equal to (x) 0.50.50% 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 the Transferor shall no longer be Servicer, an alternative amount specified by Servicer not exceeding (x) 110% of Servicer's cost and expenses of 120 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" 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 Total Purchasers' 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 Settlement Period when such day occurs, divided by (y) the number of days in such Yield Settlement Period.