Servicing Expenses definition
Servicing Expenses. All customary, reasonable and necessary out-of-pocket costs and expenses paid or incurred in accordance with the Servicing Standard in connection with the obligations of the Collateral Manager, the Servicer or the Special Servicer, as the case may be (other than legal fees or expenses associated with contracting with a subservicer or payment of any subservicing fee), including without limitation:
Servicing Expenses shall have the meaning set forth in the Servicing Agreement.
Servicing Expenses. All customary, reasonable and necessary out-of-pocket costs and expenses paid or incurred in connection with the Master Servicer’s and the Special Servicer’s obligations hereunder, including without limitation:
Examples of Servicing Expenses in a sentence
The Servicer will be entitled to recover all Servicing Expenses incurred by it in liquidating a Purchased Contract and disposing of the related Motorcycle.
Servicing Expenses for any Monthly Period shall be due and payable on each Settlement Date.
The Servicer shall reimburse itself for the Servicer Fee and any Servicing Expenses by netting such amounts from Collections otherwise required to be remitted to Purchaser pursuant to Section 5.06(d) on each Settlement Date.
More Definitions of Servicing Expenses
Servicing Expenses means all customary and reasonable out-of-pocket fees, costs, expenses and indemnified amounts incurred in connection with servicing the Loans and the Acquired Collateral, including (i) any and all out-of-pocket fees, costs, expenses and indemnified amounts which a Borrower is obligated to pay to any Person or to reimburse to the lender pursuant to the applicable Note or any other Loan Documents, including Escrow Advances,
Servicing Expenses means any of the following (in each case subject to the proviso set forth in the last full paragraph of this definition):
Servicing Expenses has the meaning given in the LLC Operating Agreement. Agreement. Agreement.
Servicing Expenses has the meaning set forth in Section 4.3B of the Cash ------------------ Management Procedures.
Servicing Expenses has the meaning given that term in the LLC Operating Agreement. “Servicing Transfer Date” means, with respect to any Loan, the date on which the transfer of the loan servicing records for such Loan to the Servicer’s system of records is completed and the Servicer begins to service such Loan, as determined in accordance with Section 3.3, which date the Initial Member and the Company anticipate shall be no later than March 31, 2010 or such other date as is agreed to by the Initial Member and the Company, it being understood and agreed that (i) the loan servicing records for each Group of Loans will be transferred to the Servicer’s system of records at the same time, but not necessarily at the same time as the loan servicing records for any other Group of Loans are transferred to the Servicer’s system of records, and (ii) the Initial Member and the Company will proceed (and the Company is to cause the Servicer to proceed) with all commercially reasonable diligence to effect such transfer of loan servicing records as soon as is practicable after the Closing.
Servicing Expenses means certain costs and expenses of the Servicer payable in accordance with the provisions of the Servicing Agreement.
Servicing Expenses means, with respect to any Purchased Contract, all reasonable out-of-pocket costs and expenses incurred by the Servicer in accordance with Customary Servicing Practices in connection with the performance of its duties under this Agreement, including but not limited to wire transfer fees, costs associated with establishing, maintaining or switching Collection Accounts (including any fees or charges imposed by the bank in connection with closing existing accounts, opening new accounts and transferring amounts to such new accounts, and costs and expenses associated with the enforcement of any Purchased Contract that has become a Defaulted Contract and repossession of the Motorcycle securing such Defaulted Contract (including without limitation in connection with a liquidation, any auction, painting, repair or refurbishment expenses in respect of the related Motorcycle).