Servicing Fee definition: Copy, customize, and use instantly
Introduction
The term "Servicing Fee" refers to the payment or compensation made to a party responsible for administering, managing, or maintaining services or assets on behalf of another party. This fee is common in financial, real estate, and professional service agreements.
Below are various examples of how "Servicing Fee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Servicing Fee" as a loan administration fee
This definition ties "Servicing Fee" to loan servicing.
"Servicing Fee" means the fee paid to the loan servicer for administering, processing payments, and managing the borrower’s account under this agreement.
Definition of "Servicing Fee" as a real estate management fee
This definition connects "Servicing Fee" to property management services.
"Servicing Fee" refers to the payment made to the property manager for maintaining and overseeing real estate assets.
Definition of "Servicing Fee" as an asset management fee
This definition links "Servicing Fee" to asset management.
"Servicing Fee" means the compensation paid to the asset manager for managing investments, monitoring performance, and executing strategies under this agreement.
Definition of "Servicing Fee" as a trust management fee
This definition applies "Servicing Fee" to trust services.
"Servicing Fee" refers to the fee charged by a trustee for managing and administering trust assets on behalf of the beneficiaries.
Definition of "Servicing Fee" as a credit card processing fee
This definition ties "Servicing Fee" to credit card services.
"Servicing Fee" means the fee charged by the service provider for processing credit card transactions and managing related accounts.
Definition of "Servicing Fee" as an escrow service fee
This definition connects "Servicing Fee" to escrow services.
"Servicing Fee" refers to the payment made to the escrow agent for holding and disbursing funds as specified in the escrow agreement.
Definition of "Servicing Fee" as a maintenance fee
This definition links "Servicing Fee" to general maintenance services.
"Servicing Fee" means the fee charged for performing regular maintenance, repairs, and upkeep of assets under this agreement.
Definition of "Servicing Fee" as a financial advisory fee
This definition applies "Servicing Fee" to financial services.
"Servicing Fee" refers to the compensation paid to a financial advisor for providing ongoing investment advice and portfolio management services.
Definition of "Servicing Fee" as a vehicle leasing fee
This definition ties "Servicing Fee" to vehicle leasing agreements.
"Servicing Fee" means the payment made to the lessor for administering and maintaining the leased vehicle during the lease term.
Definition of "Servicing Fee" as a debt collection fee
This definition connects "Servicing Fee" to debt recovery services.
"Servicing Fee" refers to the fee charged by a debt collection agency for recovering outstanding debts on behalf of the creditor.
Definition of "Servicing Fee" as a mortgage servicing fee
This definition links "Servicing Fee" to mortgage administration.
"Servicing Fee" means the fee paid to the mortgage servicer for managing loan accounts, collecting payments, and providing customer support.
Definition of "Servicing Fee" as a subscription management fee
This definition applies "Servicing Fee" to subscription-based services.
"Servicing Fee" refers to the payment made for managing customer subscriptions, renewals, and billing processes.
Definition of "Servicing Fee" as a licensing administration fee
This definition ties "Servicing Fee" to licensing agreements.
"Servicing Fee" means the fee charged for managing, enforcing, and administering licensing agreements on behalf of the licensor.
Definition of "Servicing Fee" as a payroll administration fee
This definition connects "Servicing Fee" to payroll services.
"Servicing Fee" refers to the compensation paid to a payroll service provider for managing employee wages, taxes, and benefits.
Definition of "Servicing Fee" as a storage management fee
This definition links "Servicing Fee" to warehousing services.
"Servicing Fee" means the payment made for managing storage facilities, inventory tracking, and distribution processes.
Definition of "Servicing Fee" as an IT support fee
This definition applies "Servicing Fee" to technical support.
"Servicing Fee" refers to the fee charged for providing IT support, system updates, and troubleshooting services.
Definition of "Servicing Fee" as an insurance administration fee
This definition ties "Servicing Fee" to insurance policies.
"Servicing Fee" means the fee charged for administering insurance policies, processing claims, and maintaining customer records.
Definition of "Servicing Fee" as an event management fee
This definition connects "Servicing Fee" to event planning services.
"Servicing Fee" refers to the payment made to the event manager for planning, coordinating, and executing events.
Definition of "Servicing Fee" as a telecommunications management fee
This definition links "Servicing Fee" to telecom services.
"Servicing Fee" means the fee charged for managing telecommunications accounts, billing, and system maintenance.
Definition of "Servicing Fee" as a subscription-based IT service fee
This definition applies "Servicing Fee" to software services.
"Servicing Fee" refers to the payment made for ongoing software updates, cloud storage, and user support services.
Definition of "Servicing Fee" as a utilities management fee
This definition ties "Servicing Fee" to utility services.
"Servicing Fee" means the payment made for managing utilities such as electricity, water, and gas on behalf of the customer.
Definition of "Servicing Fee" as a contract administration fee
This definition connects "Servicing Fee" to contract management.
"Servicing Fee" refers to the fee charged for administering, monitoring, and enforcing contract terms.
Definition of "Servicing Fee" as a renewable energy maintenance fee
This definition links "Servicing Fee" to green energy projects.
"Servicing Fee" means the payment made for maintaining and servicing renewable energy systems, including solar panels and wind turbines.
Definition of "Servicing Fee" as a franchise management fee
This definition applies "Servicing Fee" to franchise agreements.
"Servicing Fee" refers to the fee paid to the franchisor for ongoing support, marketing, and brand management.
Definition of "Servicing Fee" as a healthcare administration fee
This definition ties "Servicing Fee" to healthcare services.
"Servicing Fee" means the fee charged for managing patient records, billing, and medical claims processing.
Definition of "Servicing Fee" as a compliance monitoring fee
This definition connects "Servicing Fee" to regulatory services.
"Servicing Fee" refers to the payment made for ensuring compliance with legal, regulatory, or industry standards.
Definition of "Servicing Fee" as a logistics management fee
This definition links "Servicing Fee" to supply chain services.
"Servicing Fee" means the payment made for managing logistics operations, including transportation, inventory, and warehousing.
Definition of "Servicing Fee" as an environmental impact management fee
This definition applies "Servicing Fee" to environmental services.
"Servicing Fee" refers to the payment made for managing and mitigating environmental impacts under a project or agreement.
Definition of "Servicing Fee" as a marketing administration fee
This definition ties "Servicing Fee" to marketing campaigns.
"Servicing Fee" means the fee charged for overseeing, coordinating, and managing marketing efforts.
Definition of "Servicing Fee" as a cryptocurrency wallet management fee
This definition connects "Servicing Fee" to digital asset management.
"Servicing Fee" refers to the payment made for administering cryptocurrency wallets, ensuring security, and processing transactions.
Definition of "Servicing Fee" as a travel booking fee
This definition links "Servicing Fee" to travel services.
"Servicing Fee" means the fee charged for managing travel bookings, itineraries, and customer support.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.