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Common use of Payment of Servicing Fees Clause in Contracts

Payment of Servicing Fees. If the Servicer shall change, the predecessor Servicer shall be entitled to receive any accrued and unpaid Servicing Fees through the date of such Successor Servicer’s acceptance hereunder in accordance with Section 4.08.

Appears in 79 contracts

Sources: Sale and Servicing Agreement (World Omni Select Auto Trust 2025-A), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2025-C), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2025-C)

Related Clauses

  • Servicing Fees
  • Servicing Fee
  • Total Servicing Fee; Payment of Certain Expenses by Servicer
  • Servicing Compensation; Payment of Certain Expenses by Servicer
  • Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls

Parent Clauses

  • Default
  • Transfer of Certificates
  • Security Interest
  • World Omni Not to Resign as Servicer
  • Nonpetition Covenants

Sub-Clauses

  • Limitations on Rights of Others
  • Amendment
  • Optional Purchase of All Receivables
  • Protection of Title to Trust
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