Servicing and Other Compensation; Compensating Interest. (a) (See Section 3.16(a) of the Standard Terms) (b) Additional servicing compensation in the form of assumption fees, late payment charges, investment income on amounts in the Custodial Account or the Certificate Account or otherwise (but not including Prepayment Charges) shall be retained by the Master Servicer or the Subservicer to the extent provided herein, subject to clause (e) below. Prepayment Charges shall be deposited into the Certificate Account and shall be paid on each Distribution Date to the holders of the Class P Certificates. (c) (See Section 3.16(c) of the Standard Terms) (d) (See Section 3.16(d) of the Standard Terms) (e) (See Section 3.16(e) of the Standard Terms)
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (RALI Series 2006-Qo8 Trust), Pooling and Servicing Agreement (RALI Series 2006-Qo9 Trust)