Common use of Servicing Compensation; Payment of Certain Expenses by Master Servicer Clause in Contracts

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Master Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Home Equity Loans. Subject to Section 3.07, in the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds in respect of a Cash Liquidation or REO Disposition exceed the unpaid Loan Balance of such Home Equity Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at the related Net Loan Rate, the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits. Additional servicing compensation in the form of assumption fees, investment income on amounts in the Custodial Account or the Certificate Distribution Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein. Moreover, additional servicing compensation in the form of late payment charges, investment income on amounts in the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02(b) shall be retained by the Master Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Owner Trustee, Indenture Trustee and any Custodian) and shall not be entitled to reimbursement therefor.

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Master Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Home Equity Loans. Subject to Section 3.07, in the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds in respect of a Cash Liquidation or REO Disposition exceed the unpaid Loan Balance of such Home Equity Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at the related Net Loan Rate, the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits. Additional servicing compensation in the form of assumption fees, investment income on amounts in the Custodial Account or the Certificate Distribution Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein. Moreover, additional servicing compensation in the form of late payment charges, investment income on amounts in the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02(b) shall be retained by the Master Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Owner Trustee, Indenture Trustee and any the Custodian) and shall not be entitled to reimbursement therefor.

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Master Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Home Equity Loans. Subject to Section 3.07, in the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds in respect of a Cash Liquidation or REO Disposition exceed the unpaid Loan Balance of such Home Equity Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at the related Net Loan Rate, the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits. Additional servicing compensation in the form of assumption fees, investment income on amounts in the Custodial Account or the Certificate Distribution Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein. Moreover, additional servicing compensation in the form of late payment charges, investment income on amounts in the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02(b) shall be retained by the Master Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Owner Trustee, Indenture Trustee and any the Custodian) and shall not be entitled to reimbursement therefor.

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Master Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Home Equity Loans. Subject to Section 3.07, in the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds in respect of a Cash Liquidation or REO Disposition exceed the unpaid Loan Balance of such Home Equity Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at the related Net Loan Rate, the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits. Additional servicing compensation in the form of prepayment charges, assumption fees, investment income on amounts in the Custodial Account or the Certificate Distribution Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein. Moreover, additional servicing compensation in the form of late payment charges, investment income on amounts in the Payment Account charges and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02(b) shall be retained by the Master Servicer. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of all other fees and expenses not expressly stated hereunder to be for the account of the Securityholders, including, without limitation, the fees and expenses of the Owner Trustee, Indenture Trustee and any Custodian) and shall not be entitled to reimbursement therefor.