Backup Servicing Fee. At any time the Backup Servicer or one of its Affiliates is not the Servicer hereunder, the Backup Servicer shall be paid the Backup Servicer Fee for the performance of its obligations as Backup Servicer hereunder and under the Basic Documents.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp)