Common use of Supplemental Servicing Fee Clause in Contracts

Supplemental Servicing Fee. (a) As compensation for rendering the services specified herein, the Supplemental Servicer shall be entitled to receive, on a daily basis, a supplemental servicing fee (the "Supplemental Servicing Fee") from each Trust. The Supplemental Servicing Fee due on any particular day from a particular Trust shall equal the product of (i) LIBOR plus 250 basis points, (ii) 1/360 and (iii) the highest amount of such unreimbursed Supplemental Delinquency Advances associated with such Trust on such day, provided, however, that on any day that there are accrued and unpaid Supplemental Servicing Fees for a prior Monthly Remittance Period, the Supplemental Servicing Fee for that day shall not exceed 12.0% per annum. (b) The Supplemental Servicing Fee shall be paid each Business Day solely from the Funds Available for Servicing Payments, pursuant to a Disbursement Notice, prior to any payment to the Servicer (or a successor servicer) with respect to the Servicing Fee or other servicer compensation. The Servicer (or a successor servicer) shall not be entitled to receive the Servicing Fee or other servicing compensation and no Trust shall pay the Servicing Fee or other servicing compensation to the Servicer (or a successor servicer) if there exists a Supplemental Servicing Fee Shortfall. The amount of any Supplemental Servicing Fee paid to the Supplemental Servicer from each Trust shall reduce, dollar-for-dollar, the amount of the Servicing Fee and other Servicer compensation that would otherwise have been payable to the Servicer (or a successor servicer) by such Trust but for the execution of this Amendment. (c) Upon payment in full of all Supplemental Servicing Fees then due and owing, all remaining Funds Available for Servicing Payments (if any) shall be paid to the Servicer (or a successor servicer). (d) Notwithstanding anything to the contrary in this Amendment, the amount paid to the Supplemental Servicer as a Supplemental Servicing Fee in a Remittance Period from a particular Trust may not exceed the total Funds Available for Servicing Payments deposited to the Clearance Account for such Trust for such Remittance Period.