Examples of Subservicing Fee in a sentence
The Subservicer shall remit to PCFI 24/47 of the total PC Subservicing Fee collected by the Subservicer, within 15 Business Days after the Subservicer receives (for its own account) any payment in respect of the PC Subservicing Fee, without prior deduction of any subservicing expenses.
Section 2.4 Compensation of the Subservicer (a) Commencing on and including the Effective Date, the Subservicer shall be entitled to receive the Subservicing Fee as compensation for its services hereunder.
The Subservicing Fee shall be adjusted from time to time to reflect such factors as the Servicer, the Seller and the Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations delegated to and performed by the Subservicer.
The Subservicing Fee shall be prorated for any partial Collection Period based on the actual days elapsed and a 30 day month.
With respect to each Subject Servicing Agreement, Servicer shall pay Ocwen the Base Subservicing Fee and any Performance Fee set forth in the related Subservicing Supplement.