Common use of Backup Servicing Compensation Clause in Contracts

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from the Borrower. The Backup Servicer shall be entitled to receive its Backup Servicing Fee to the extent of funds available therefor pursuant to Section 2.

Appears in 1 contract

Sources: Credit Agreement (CURO Group Holdings Corp.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Servicer Fee from the Borrower. The and any unpaid Backup Servicer shall be entitled to receive its Backup Servicing Fee Expenses to the extent of funds available therefor pursuant to the provision of Section 22.7. The Backup Servicer’s entitlement to receive the Backup Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer, or (iii) the Termination of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (GSC Investment Corp.)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunder, the Backup Servicer shall be entitled to receive the Backup Servicing Servicer Fee from the BorrowerServicer and such other amounts that are provided for in the Backup Servicer Fee Letter. The To the extent such Backup Servicer Fee is not paid by the Servicer, the Backup Servicer shall be entitled to receive the unpaid balance of its Backup Servicing Servicer Fee to the extent of funds available therefor pursuant to the provision of Section 2.2.3(b)

Appears in 1 contract

Sources: Sale and Servicing Agreement (Hercules Technology Growth Capital Inc)

Backup Servicing Compensation. As compensation for its backup servicing activities hereunderhereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee from pursuant to the Borrowerprovisions of Section 2.6(a). The Backup Servicer shall be entitled Servicer’s entitlement to receive its the Backup Servicing Fee shall cease on the earliest to occur of: (i) its becoming the Successor Servicer; (ii) its removal as Backup Servicer pursuant to the extent terms of funds available therefor pursuant to Section 2the Backup Servicing Agreement; and (iii) the termination of this Agreement or the Backup Servicing Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)