Servicing Compensation; Payment of Certain Expenses by Servicer. The Servicer shall be entitled to receive the Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Loans. Moreover, additional servicing compensation in the form of late payment charges, prepayment charges, investment income on amounts in the Custodial Account or the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02 shall be retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor.
Appears in 13 contracts
Samples: Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Servicing Agreement (Deutsche Mortgage Securities Inc), Servicing Agreement (Credit Suisse First Boston Mortgage Acceptance Corp)
Servicing Compensation; Payment of Certain Expenses by Servicer. The Subject to Section 5.02, the Servicer shall be entitled to receive retain the Servicing Fee in accordance with Sections Section 3.02 and 3.03 as compensation for its services in connection with servicing the Mortgage Loans. Moreover, additional servicing compensation in the form of late payment charges, prepayment charges, investment income on amounts in the Custodial Account charges or the Payment Account and other receipts not required to be deposited in the Custodial Collection Account, including, without limitation, Foreclosure Profits and, subject to Section 5.05, investment income on the Collection Account as specified in Section 3.02 and the Distribution Account shall be additional servicing compensation and retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefortherefor except as specifically provided herein.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2003-4), Custodial Agreement (Renaissance Home Equity Loan Tr Asset BKD Cer Ser 2002-4), Custodial Agreement (Renaissance Mortgage Acceptance Corp)
Servicing Compensation; Payment of Certain Expenses by Servicer. The Subject to Section 3.14, the Servicer shall be entitled to receive retain the Servicing Fee in accordance with Sections Section 3.02 and 3.03 as compensation for its services in connection with servicing the Mortgage Loans. Moreover, additional servicing compensation in the form of late payment charges, prepayment charges, investment income on amounts in the Custodial Account charges or the Payment Account and other receipts not required to be deposited in the Custodial Collection Account, including, without limitation, Foreclosure Profits, Ancillary Income and, subject to Section 3.01 of the Indenture, investment income on the Collection Account as specified in Section 3.02 shall be additional servicing compensation and retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefortherefor except as specifically provided herein.
Appears in 11 contracts
Samples: Wells Fargo (Renaissance Home Equity Loan Trust 2006-1, Home Equity Loan Asset-Backed Notes, Series 2006-1), Servicing Agreement (Renaissance Home Equity Loan Trust 2007-2), Servicing Agreement (Renaissance Home Equity Loan Trust 2006-3)
Servicing Compensation; Payment of Certain Expenses by Servicer. The Servicer shall be entitled to receive the Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Loans. Moreover, additional servicing compensation in the form of late payment charges, prepayment charges, investment income on amounts in the Custodial Account or the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02 shall be retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its normal and customary activities hereunder and shall not be entitled to reimbursement therefor.
Appears in 2 contracts
Samples: Servicing Agreement (Home Equity Mortgage Trust 2007-1), Servicing Agreement (Credit Suisse First Boston Mor Ac Corp CSFB Abs Tr 2002 Hi23)
Servicing Compensation; Payment of Certain Expenses by Servicer. The Servicer shall be entitled to receive the Servicing Fee in accordance with Sections 3.02 and 3.03 as compensation for its services in connection with servicing the Loans. Moreover, additional servicing compensation in the form of Prepayment Penalties, late payment charges, prepayment charges, investment income on amounts in the Custodial Account or the Payment Account and other receipts not required to be deposited in the Custodial Account as specified in Section 3.02 shall be retained by the Servicer. The Servicer shall be required to pay all expenses incurred by it in connection with its normal and customary activities hereunder and shall not be entitled to reimbursement therefor.
Appears in 2 contracts
Samples: Servicing Agreement (Irwin Whole Loan Home Equity Trust 2005-C), Servicing Agreement (Irwin Whole Loan Home Equity Trust 2005-B)