Non-Utilization Fee. On a monthly basis and on the Termination Date, the Seller agrees to pay to the Buyer a non-utilization fee in an amount set forth in the Pricing Side Letter (the “Non-Utilization Fee”). All such payments shall be made to the Buyer in Dollars, in immediately available funds, without deduction, setoff or counterclaim. The Buyer may, in its sole discretion, net such Non-Utilization Fee from the proceeds of any Purchase Price paid to the Seller.
Appears in 4 contracts
Sources: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)