Trustee's Fee definition

Trustee's Fee. The amount payable to the Trustee on each Distribution Date pursuant to Section 8.05 as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trustee hereunder, which amount shall equal one twelfth of the product of (i) the Trustee's Fee Rate, multiplied by (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans and any REO Properties as of the second preceding Due Date (or, in the case of the initial Distribution Date, as of the Cut-off Date).

Trustee's Fee. As to each Mortgage Loan and Distribution Date, an amount, payable out of any payment of interest on the Mortgage Loan, equal to interest at ______% per annum on the Stated Principal Balance of such Mortgage Loan as of the Due Date immediately preceding the month in which such Distribution Date occurs.

Trustee's Fee. As to each Mortgage Loan and Distribution Date, an amount equal to interest at the Trustee Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month immediately preceding the month in which such Distribution Date occurs.

Examples of Trustee's Fee in a sentence

• In addition, the Trustee may charge to and receive from each Participating Trust such reasonable Trustee fees in accordance with the existing published Trustee’s Fee Schedule or such other fee as may be negotiated by and between the Trustee and Participating Trust.

• The Chapter 13 Trustee’s Fee will apply to any disbursements from the Reserves.

• In the Loan Agreement, the Borrower has agreed to pay directly to the Issuer or the Trustee any extraordinary fees and expenses of the Issuer or the Trustee, as the case may be, that are not included within the Issuer’s Ongoing Fee or the Trustee’s Fee and not otherwise paid from the Surplus Fund.

• The Loan Agreement provides that the Borrower will pay the Trustee’s Fee and the reasonable fees and expenses of the Trustee under this Indenture, including attorney fees and expenses, and all other amounts which may be payable to the Trustee under this Section, such fees and expenses to be paid when due and payable by the Borrower directly to the Trustee for its own account.

• The Trustee’s Fee Schedule may be amended from time to time, from the Individual Trust Account.

More Definitions of Trustee's Fee

Trustee's Fee means the Fees for the Trustee of the First Trust, the Fees for the Trustee of the Second Trust and the initial trustee’s fee being the amount separately agreed between the Trustor of the First Trust and the Trustee of the First Trust, in its capacity as Trustee of the First Trust and as Trustee of the Second Trust, to be paid by the Trustor of the First Trust on the Trust Commencement Date of the Second Trust in accordance with Article 22.1 of the First Trust Agreement and Article 16.1 of the Second Trust Agreement.

Trustee's Fee means, with respect to any Mortgage Loan or REO Mortgage Loan, the fee designated as such and payable to the Trustee pursuant to Section 8.05(a).

Trustee's Fee shall have the meaning specified in Section 11.05(a).

Trustee's Fee. The total of the Group I Trustee's Fee and the Group II Trustee's Fee.

Trustee's Fee. The fee designated as such and payable to the Trustee pursuant to Section 8.05.

Trustee's Fee means the ongoing compensation and expenses payable to the Trustee as follows: (a) the acceptance fee of the Trustee of $2,000 payable on the Closing Date; (b) the annual administration fees and expenses of the Trustee, as Trustee, Registrar and Paying Agent of$4,500 per year for the ordinary services of the Trustee rendered under this Indenture during each twelve-month period, payable annually in advance beginning on the Closing Date and thereafter on each anniversary of the Closing Date; (c) the reasonable fees and charges of the Trustee for necessary extraordinary services rendered by it and extraordinary expenses incurred by it under this Indenture as and when the same become due, including reasonable counsel fees (including in-house counsel fees and fees prior to litigation, at trial, in insolvency proceedings or for appellate proceedings); provided, further, that the Trustee shall not be required to undertake any such extraordinary services unless provision for payment of extraordinary expenses satisfactory to the Trustee shall have been made; (d) for purposes of the Bond Loan Agreement, indemnification of the Trustee by the Borrower; and (e) the annual Dissemination Agent Fee under the Continuing Disclosure Agreement of $500 per year, payable annually in advance on the Closing Date and thereafter on each anniversary of the Closing Date.

Trustee's Fee means the annual fee of the Trustee in the amount . The Trustee’s Fee is payable annually in advance from the Expense Fund on each , commencing , so long as any of the Bonds are Outstanding.