Subservicing Fee; Reimbursement for Subservicer Advances; Priority. (a) As compensation for the rendering of the services specified herein, the Subservicer shall be entitled to receive a subservicing fee (the "Subservicing Fee") from each Trust. The Subservicing Fee for any period shall equal the product of (i) LIBOR plus 000 xxxxx xxxxxx, (xx) 0/000, (xxx) the number of days in the period, and (iv) the average amount of unreimbursed Subservicer Advances during the period. In no event shall the Subservicing Fee payable to the Subservicer for any month exceed the Servicing Fee payable to the Servicer. The amount of any Subservicer Fee paid to the Subservicer shall reduce, dollar-for-dollar, the amount of the Servicing Fee payable to the Servicer.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)
