Common use of Collection Agent Fee Clause in Contracts

Collection Agent Fee. On or before the twentieth day of each calendar month, the Seller shall pay to the Collection Agent a fee for the immediately preceding calendar month as compensation for its services (the "Collection Agent Fee") equal to (a) at all times the Initial Collection Agent or an Affiliate of the Initial Collection Agent is the Collection Agent, the Seller Servicing Fee, the sufficiency of which is hereby acknowledged, and (b) at all times any other Person is the Collection Agent, the Outside Servicing Fee. The Agent may, with the consent of the Instructing Group, pay the Collection Agent Fee to the Collection Agent from the Sold Interest in Collections. The Seller shall be obligated to reimburse any such payment to the extent required by Section 1.5 or 2.

Collection Agent Fee. On or before the twentieth day of Monthly Report Date in each calendar month, the Seller shall pay to the Collection Agent a fee for the immediately preceding calendar month as compensation for its services (the "“Collection Agent Fee"”) equal to, subject to (a) at all times applicable law, a reasonable amount agreed upon by the Initial Agent and the Collection Agent or on an Affiliate of arm’s-length basis reflecting rates and terms prevailing in the Initial market at such time set forth in the Collection Agent is the Collection Agent, the Seller Servicing Fee, the sufficiency of which is hereby acknowledged, and (b) at all times any other Person is the Collection Agent, the Outside Servicing FeeFee Letter. The Agent may, with the consent of the Instructing GroupPurchaser, pay the Collection Agent Fee to the Collection Agent from the Sold Purchase Interest in Collections. The Seller shall be obligated to reimburse any such payment to made by the extent required by Section 1.5 or 2Agent.

Collection Agent Fee. On or before the twentieth day of Monthly Report Date in each calendar month, the Seller shall pay to the Collection Agent a fee for the immediately preceding calendar month as compensation for its services (the "Collection Agent Fee") equal to, subject to applicable law, a reasonable amount agreed upon by the Agent and the Collection Agent on an arm's-length basis reflecting rates and terms prevailing in the market at such time. Such fee currently equals 2.5% per annum (athe "Collection Agent Fee Rate") at all times the Initial Collection Agent or an Affiliate aggregate outstanding principal amount of the Initial Collection Agent is the Collection Agent, the Seller Servicing Fee, the sufficiency of which is hereby acknowledged, and (b) at all times any other Person is the Collection Agent, the Outside Servicing FeeReceivables. The Agent may, with the consent of the Instructing GroupPurchaser, pay the Collection Agent Fee to the Collection Agent from the Sold Purchase Interest in Collections. The Seller shall be obligated to reimburse any such payment to made by the extent required by Section 1.5 or 2Agent.