Common use of Servicing Compensation: Payment of Certain Expenses by Xxxxxx Mae Clause in Contracts

Servicing Compensation: Payment of Certain Expenses by Xxxxxx Mae. As compensation for its activities and obligations hereunder with respect to the Mortgage Loans Xxxxxx Xxx shall be entitled to the amounts provided for in the Sale and Servicing Agreement. Xxxxxx Mae shall pay all expenses incurred by it hereunder in connection with its servicing activities and shall not be entitled to reimbursement therefor out of proceeds of the Mortgage Loans. Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges or otherwise shall be retained by Xxxxxx Xxx.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

AutoNDA by SimpleDocs

Servicing Compensation: Payment of Certain Expenses by Xxxxxx Mae. As compensation for its activities and obligations hereunder with respect to the Group 1 Mortgage Loans Loans, Xxxxxx Xxx shall be entitled to the amounts provided for in the Sale and Servicing Agreement. Xxxxxx Mae shall pay all expenses incurred by it hereunder in connection with its servicing activities and shall not be entitled to reimbursement therefor out of proceeds of the Group 1 Mortgage Loans. Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges or otherwise shall be retained by Xxxxxx Xxx.

Appears in 1 contract

Samples: Trust Agreement

AutoNDA by SimpleDocs

Servicing Compensation: Payment of Certain Expenses by Xxxxxx Mae. As compensation for its activities and obligations hereunder with respect to the Mortgage Loans hereunder, Xxxxxx Xxx shall be entitled to the amounts provided for in the Sale and Servicing Agreement. Xxxxxx Mae shall pay all expenses incurred by it hereunder in connection with its servicing activities and shall not be entitled to reimbursement therefor out of proceeds of the Group 3 or Group 4 Mortgage Loans. Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges or otherwise shall be retained by Xxxxxx Xxx.

Appears in 1 contract

Samples: Trust Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.