Examples of Accommodation Fee in a sentence
The later acceptance by Us of the Accommodation Fee or other money (as appropriate) is a waiver by Us only in relation to Your failure to make that particular payment when due.
However, if We, in Our absolute discretion, consider You have incurred excessive data usage or utility costs, We may require You to pay the additional costs in the same manner as the Accommodation Fee is paid.
If you are paying part of the Accommodation Fee yourself, you will need to pay those fees as set out above.
You may terminate this agreement prior to the Termination Date by giving Us at least four (4) weeks’ written notice, in which case You will still have ongoing responsibilities including the continued payment of the Accommodation Fee for the remainder of the Residency Period as set out in clause 20.
For the avoidance of doubt, in the event of a borrower default under a Payment Accommodation, the Payment Accommodation Fee Cap shall only apply to the initial processing of such Payment Accommodation, and, in such event, the Master Servicer or the Special Servicer, as applicable, shall be entitled to all fees that would be payable to it pursuant to the terms of this Agreement with respect to further servicing actions with respect to the related Mortgage Loan.