Deconversion Fee Clause Samples
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Deconversion Fee. (i) Accounts transferred off the servicing system prior to termination (without cause) of the Servicing Agreement: $______
(ii) Accounts transferred off servicing system due to breach of the Servicing Agreement: $______
(iii) Deconversion in conjunction with termination other than breach: $______ EXHIBIT B-2 MONTHLY REPORTS [TO COME] ANNUAL REPORTS [TO COME] EXHIBIT C CUSTODY AGREEMENT [attached hereto] EXHIBIT D LIMITED POWER OF ATTORNEY
Deconversion Fee. Loans transferred off the Subservicer Servicing System on or after termination of this Agreement will be assessed a fee of Twelve Dollars ($12.00) per account.
Deconversion Fee. In the event Client requests that Mellon provide records to a successor agent, in connection with the expiration or termination of this Agreement, Client shall pay Mellon a fee for deconversion services (e.g., providing shareholder lists and files, producing and shipping records, answering successor agent inquiries). This fee will be based on Mellon’s then-current deconversion fee schedule. Mellon may withhold the Client’s records, reports and unused certificate stock from a successor agent pending the Client’s payment in full of all fees and expenses owed to Mellon under this Agreement. Legal, Technological Expenses: Certain expenses may be incurred in resolving legal matters that arise in the course of performing services hereunder. This may result in a separate charge to cover Mellon’s expenses (including the cost of external or internal counsel) in resolving such matters; provided that any legal expenses charged to the Clients shall be reasonable. Mellon shall use best efforts to consult with Client prior to incurring any material expenses in accordance with this paragraph. In the event any Federal regulation and/or state or local law are enacted which require Mellon to make any technological improvements and/or modifications to its current system, Client shall compensate Mellon, on a pro rata basis proportionate to the Client’s registered shareholder base, for the costs associated with making such required technological improvements and/or modifications. Record Storage: Monthly fee of $2.50 per box, with a minimum charge of $50.00.
Deconversion Fee. Loans transferred off the Nelnet Servicing System on or after termination of this Agreement will be assessed a fee of Twelve Dollars ($12.00) per account.
Deconversion Fee. Loans transferred off the Subservicer Servicing System on or after termination of this Agreement will be assessed a fee of ($ ) per account.
Deconversion Fee. The fee payable by the Owner/Servicer to the Subservicer as provided in Section 5.4(a), which fee, if any, shall equal the amount set forth in Exhibit B. The Deconversion Fee relating to a termination of this Agreement with respect to an Interim Serviced Mortgage Loan, if any, shall equal the amount set forth in Exhibit B. Default Firms: Shall have the meaning assigned to such term in Section 2.3.
Deconversion Fee. Loans transferred off the UNIPAC Servicing System on or after termination of this Agreement will be assessed a fee of Twelve Dollars ($12.00) per account.
Deconversion Fee. Loans transferred off the Union Bank Servicing System on or after termination of this Agreement will be assessed a fee of Twelve Dollars ($12.00) per account.
Deconversion Fee. Client agrees to pay Wendover, in addition to all other amounts due hereunder, **** as a deconversion fee for each Mortgage Loan deconverted from Wendover's system for any reason other than payment in full. Exhibit C of Sub-Servicing Agreement 3 of 5
Deconversion Fee. Deconversion is defined as the transfer of ownership or servicing of any Loan record in accordance with the provisions of Section 7.3 or Article VIII, or as otherwise mutually agreed. Deconversion charges will be payable in advance at the rate of $15.00 per Loan; provided, however, that there shall not be any deconversion charges in the event that this Agreement is terminated by the Customer pursuant to Sections 8.5 (provided that the Customer is not in breach of this Agreement at the time of the exercise of such right of termination) or 8.6 of this Agreement. Deconversion associated with termination or expiration of the Agreement will be accomplished as a single activity unless otherwise agreed (in which event Customer shall be liable for any additional costs incurred by Sub-Servicer, all as determined by Sub-Servicer). Sub-Servicer assumes no liability for Loan records remaining on Sub-Servicer's system after deconversion associated with termination or expiration of the Servicing Agreement. Transfers off of Sub-Servicer's system shall be in Sub-Servicer's machine readable media and format, and will include packaging of all documents for shipment. Deconversion includes one (1) Borrower system transaction history per Account. Additional copies will be charged at $.50 each. Non-standard reports will be charged at rates mutually agreed to and based on an estimate of application programming hours required and production costs in accordance with the Rate Schedule. All deconversion documents will be made available FOB Jacksonville, Florida. Customer shall bear responsibility for any documents while in transit or for any file recreation as a result of documents lost in transit. Servicing fees for the month in which deconversion occurs will be prorated based on the deconversion date. Post-deconversion assistance after tapes and/or documents are shipped will be scheduled as mutually agreed, and will be charged per the Rate Schedule in SCHEDULE A.