Fee Calculations; Interest Calculations. (a) The calculation of the Servicing Fees shall be made in accordance with Section 3.11. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx with one-half of one xxxxx being rounded up. (b) The amount of interest accrued on each Mortgage Loan during any Interest Accrual Period will be calculated in arrears based on the terms specified in the related Mortgage Documents.
Appears in 3 contracts
Samples: Indenture Supplement (Spirit MTA REIT), Property Management and Servicing Agreement (Spirit Realty Capital, Inc.), Property Management and Servicing Agreement (Spirit Realty Capital, Inc.)
Fee Calculations; Interest Calculations. (a) The calculation of the Servicing Fees shall be made in accordance with Section 3.11. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx with one-half of one xxxxx being rounded up.
(b) The amount of interest accrued on each Mortgage Loan during any Interest Accrual Period will be calculated in arrears based on the terms basis of the Interest Rate for such Mortgage Loan and the accrual period specified in the related Mortgage DocumentsNote.
Appears in 3 contracts
Samples: Property Management and Servicing Agreement (Spirit Finance Corp), Property Management and Servicing Agreement (Spirit Finance Corp), Property Management and Servicing Agreement (Spirit Finance Corp)
Fee Calculations; Interest Calculations. (a) The calculation of the Servicing Fees shall be made in accordance with Section 3.11. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx with one-half of one xxxxx being rounded up.
(b) The amount of interest accrued on each Mortgage Loan during any Interest Accrual Period will be calculated in arrears based on the terms specified in the related Mortgage Documents.. US-DOCS\96557504.296557504.7
Appears in 2 contracts
Samples: Property Management and Servicing Agreement, Property Management and Servicing Agreement (Spirit MTA REIT)
