Common use of Subservicing Fees Clause in Contracts

Subservicing Fees. (a) As compensation for accepting such delegation of servicing 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 one-twelfth of the product of (i) 2.0% and (ii) the amount of Principal Receivables as of the last day of the prior Monthly Period (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 delegated to and performed by the Subservicer. (b) Payment of the Subservicing Fee 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.

Subservicing Fees. (a) As compensation for accepting such delegation ------------------ of servicing 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 one-twelfth of the product of (i) 2.0% and (ii) the average amount of Principal Receivables as of the last day of during the prior Monthly Period (the "Subservicing Fee";).The 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 delegated to and performed by the Subservicer. (b) Payment of the Subservicing Fee 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.