Common use of Subservicing Fees Clause in Contracts

Subservicing Fees. (a) As compensation for subservicing and administering the Receivables in accordance with this Agreement, the Servicer shall pay to the Subservicer, in immediately available funds on each Distribution Date, a subservicing fee in an amount equal to $1,000 (the “Subservicing Fee”). The Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by the Subservicer. (b) Payment of the Subservicing Fees shall be independent of, and shall not be conditioned in any way on, the receipt by the Servicer of the Servicing Fee under the Pooling and Servicing Agreement or the servicing compensation described in Section 2 of this Agreement. (c) Promptly upon the execution of this Agreement, the Servicer shall pay any and all unpaid Subservicing Fees that accrued under the Original Supplemental Servicing Agreement as of the date of this Agreement.

Subservicing Fees. (a) As compensation for subservicing and administering the Receivables in accordance with this Agreement, the Servicer shall pay to the Subservicer, in immediately available funds on each Distribution Payment Date, a subservicing fee in an amount equal to $1,000 (the “Subservicing Fee”). The Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the Subservicer mutually agree will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by the Subservicer. (b) Payment of the Subservicing Fees shall be independent of, and shall not be conditioned in any way on, the receipt by the Servicer of the Servicing Fee under the Pooling and Servicing Agreement or the servicing compensation described in Section 2 of this Agreement. (c) Promptly upon the execution of this Agreement, the Servicer shall pay any and all unpaid Subservicing Fees that accrued under the Original Supplemental Servicing Agreement as of the date of this Agreement.