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.
Appears in 11 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contimortgage Home Equity Trust 1999-2), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)
