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 Servicing Fee as compensation for its services in connection with servicing the Home Equity Loans. The Servicing Fee for each Collection Period shall be paid to the Master Servicer out of Interest Collections prior to their deposit in the Collection Account and shall not be the responsibility or liability of the Trust, the Trustee or the Class A or Class M Certificateholders. Additional servicing compensation in the form of late payment charges or other receipts not required to be deposited in the Collection Account 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 Trustee fees and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as specifically provided herein.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (HFC Revolving Corp), Pooling and Servicing Agreement (HFC Revolving Corp), Pooling and Servicing Agreement (HFC Revolving Corp)

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Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Class A Servicing Fee pursuant to Section 5.01(a)(i) as compensation for its services in connection with servicing the Home Equity Mortgage Loans. The Seller Monthly Servicing Fee for each Collection Period shall be paid to the Master Servicer out of Interest Collections prior to their deposit in by the Collection Account Seller and shall not be the responsibility or liability of the Trust, the Trustee or the Class A or Class M Certificateholders. Additional servicing compensation in the form of late payment charges or other receipts not required to be deposited in the Collection Account 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 Trustee fees and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as specifically provided herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HFC Revolving Corp)

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive retain, out of each payment that is allocable to interest on the Servicing Fee Trust Balance of a Home Equity Loan, as servicing compensation for its services in connection with servicing the Home Equity Loans. The Servicing Fee for each related Collection Period shall be paid to the Master Servicer out of Interest Collections prior to their deposit in the Collection Account and shall not be the responsibility or liability of the TrustPeriod, the Trustee or the Class A or Class M CertificateholdersMonthly Servicing Fee. Additional servicing compensation in the form of late payment charges or other receipts not required to be deposited credited to the Home Equity Loan Payment Record (or in the Collection Account respect to which a debit may be made pursuant to Section 3.03) 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 Trustee fees fees, and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as specifically provided herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Beneficial Mortgage Services Inc)

Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive retain, out of each payment that is allocable to interest on the Servicing Fee Trust Balance of a ___________ Loan, as servicing compensation for its services in connection with servicing the Home Equity Loans. The Servicing Fee for each related Collection Period shall be paid to the Master Servicer out of Interest Collections prior to their deposit in the Collection Account and shall not be the responsibility or liability of the TrustPeriod, the Trustee or the Class A or Class M CertificateholdersMonthly Servicing Fee. Additional servicing compensation in the form of late payment charges or other receipts not required to be deposited credited to the __________ Loan Payment Record (or in the Collection Account respect to which a debit may be made pursuant to Section 3.03) 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 Trustee fees fees, and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as specifically provided herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Beneficial Mortgage Services Inc)

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Servicing Compensation; Payment of Certain Expenses by Master Servicer. The Master Servicer shall be entitled to receive the Servicing Fee as compensation for its services in connection with servicing the Home Equity Mortgage Loans. The Servicing Fee for each Collection Period shall be paid to the Master Servicer out of Interest Collections prior to their deposit in the Collection Account and shall not be the responsibility or liability of the Trust, the Trustee or the Class A or Class M Certificateholders. Additional servicing compensation in the form of late payment charges or other receipts not required to be deposited in the Collection Account 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 Trustee fees and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as specifically provided herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Household Mortgage Funding Corp Iii)

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