Successor Master Servicer Compensation Sample Clauses

Successor Master Servicer Compensation. A successor Master Servicer designated pursuant to Article XI will be entitled to a fee for its services as agreed between the successor Master Servicer and the Guarantor (or, if a Guarantor Event of Default has occurred and is continuing, the Trustee).
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Related to Successor Master Servicer Compensation

  • Successor Master Servicer In connection with the appointment of any successor master servicer or the assumption of the duties of the Master Servicer, the Company or the Trustee may make such arrangements for the compensation of such successor master servicer out of payments on the Mortgage Loans as the Company or the Trustee and such successor master servicer shall agree. If the successor master servicer does not agree that such market value is a fair price, such successor master servicer shall obtain two quotations of market value from third parties actively engaged in the servicing of single-family mortgage loans. Notwithstanding the foregoing, the compensation payable to a successor master servicer may not exceed the compensation which the Master Servicer would have been entitled to retain if the Master Servicer had continued to act as Master Servicer hereunder.

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