Common use of Subservicing Compensation Clause in Contracts

Subservicing Compensation. (a) As compensation for its activities hereunder, the HELOC Subservicer shall be entitled to receive the HELOC Subservicing Fee from full payments of accrued interest on each HELOC Mortgage Loan or as otherwise provided in Section 3.07. The HELOC Subservicer shall be solely responsible for paying any and all fees with respect to a Subservicer and the HELOC Master Servicer shall not bear any fees, expenses or other costs directly associated with any Subservicer. (b) The HELOC Subservicer may retain additional servicing compensation in the form of prepayment charges, if any, a portion of the assumption fees up to 2% of the Stated Principal Balance of the related HELOC Mortgage Loan, fees for statement of account or payoff, late payment charges, or otherwise, to the extent such fees are collected from the related Mortgagors or, with respect to a Liquidated Mortgage Loan, to the extent such fees have accrued. The HELOC Subservicer shall be required to pay all expenses it incurs in connection with servicing activities under this HELOC Subservicing Agreement and shall not be entitled in connection with servicing activities under this HELOC Subservicing Agreement to reimbursement except as provided in this HELOC Subservicing Agreement. Expenses to be paid by the HELOC Subservicer under this Subsection 3.15(b) shall include payment of the expenses of the accountants retained pursuant to Section 3.17.

Subservicing Compensation. (a) As compensation for its activities hereunder, the HELOC Subservicer RMBS Servicer shall be entitled to receive the HELOC Subservicing RMBS Servicing Fee from full payments of accrued interest on each HELOC Mortgage Loan or as otherwise provided in Section 3.07. The HELOC Subservicer RMBS Servicer shall be solely responsible for paying any and all fees with respect to a Subservicer and neither the HELOC RMBS Master Servicer nor the Indenture Trustee shall not bear any fees, expenses or other costs directly associated with any Subservicer. (b) The HELOC Subservicer RMBS Servicer may retain additional servicing compensation in the form of prepayment charges, if any, a portion of the assumption fees up to 2% of the Stated Principal Balance of the related HELOC Mortgage Loan, fees for statement of account or payoff, late payment charges, or otherwise, to the extent such fees are collected from the related Mortgagors or, with respect to a Liquidated Mortgage Loan, to the extent such fees have accrued. The HELOC Subservicer RMBS Servicer shall be required to pay all expenses it incurs in connection with servicing activities under this HELOC Subservicing RMBS Servicing Agreement and shall not be entitled in connection with servicing activities under this HELOC Subservicing RMBS Servicing Agreement to reimbursement except as provided in this HELOC Subservicing RMBS Servicing Agreement. Expenses to be paid by the HELOC Subservicer RMBS Servicer under this Subsection 3.15(b) shall include payment of the expenses of the accountants retained pursuant to Section 3.17.

Subservicing Compensation. (a) As compensation for its activities hereunder, the HELOC RMBS Subservicer shall be entitled to receive the HELOC Subservicing Fee from full payments of accrued interest on each HELOC Mortgage Loan or as otherwise provided in Section 3.07. The HELOC RMBS Subservicer shall be solely responsible for paying any and all fees with respect to a Subservicer subservicer and neither the HELOC RMBS Master Servicer nor the Indenture Trustee shall not bear any fees, expenses or other costs directly associated with any Subservicersubservicer. (b) The HELOC RMBS Subservicer may retain additional servicing subservicing compensation in the form of prepayment charges, if any, a portion of the assumption fees fees, up to 2% of the Stated Principal Balance of the related HELOC Mortgage Loan, fees for statement of account or payoff, late payment charges, charges or otherwise, to the extent such fees are collected from the related Mortgagors or, with respect to a Liquidated Mortgage Loan, to the extent such fees have accrued. The HELOC RMBS Subservicer shall be required to pay all expenses it incurs in connection with servicing activities under this HELOC RMBS Subservicing Agreement and shall not be entitled in connection with servicing activities under this HELOC RMBS Subservicing Agreement to reimbursement except as provided in this HELOC RMBS Subservicing Agreement. Expenses to be paid by the HELOC RMBS Subservicer under this Subsection 3.15(b) shall include payment of the expenses of the accountants retained pursuant to Section 3.17.