Primary Servicer Compensation Sample Clauses

Primary Servicer Compensation. ‌ (a) Unless otherwise provided in the related Servicing Contract, each Primary Servicer will be entitled to a Servicing Fee for its direct servicing activities with respect to the Trusts that include Mortgage Loans serviced by it. If and to the extent provided in the related Servicing Contract, the Primary Servicer, in payment for its services to the Trust, will be permitted to retain its Servicing Fee prior to depositing the remaining portion of principal and interest collections to the Custodial Account. (b) Subject to the related Servicing Contract, all or any portion of any Excess Spread with respect to certain Mortgage Loans serviced by a Primary Servicer may be paid to that Primary Servicer as additional compensation while that Primary Servicer is servicing those Mortgage Loans under its Servicing Contract. Subject to the related Servicing Contract, the Primary Servicer may retain such Excess Spread at the same time and in the same manner as the Servicing Fee. To the extent permitted in the Servicing Contract, the Primary Servicer may transfer all or any portion of the Excess Spread with respect to the Mortgage Loans serviced by that Primary Servicer to the Issuer for deposit to an Other Xxxxxx Xxx Trust or pursuant to Subsection 5.1(7). The transfer of any portion of Excess Spread that has become Securitized Excess Spread is irrevocable. Neither the Primary Servicer nor any successor Primary Servicer will have any right to any Securitized Excess Spread as a result of its servicing relationship, and the Other Xxxxxx Xxx Trust through which the Securitized Excess Spread is securitized will continue to receive the Securitized Excess Spread in accordance with the terms of the transfer. (c) Unless otherwise provided in the related Issue Supplement, any additional compensation for performance of servicing functions, including assumption fees, late payment charges, partial release fees, asset management fees, collateral substitution fees, any portion of the Prepayment Premium permitted to be retained under the Servicing Contract and other administrative fees or expenses permitted under the Mortgage Documents, will be retained by the Primary Servicer or the Master Servicer as provided in the related Servicing Contract.
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Primary Servicer Compensation. As consideration for the Primary Servicer's performance hereunder, the Primary Servicer shall be entitled to net income and gain realized from any investment of funds on deposit in the Primary Servicer Certificate Account, to the extent provided in Section 3.01(c)(iv), and any net interest or other income earned on deposits in the Primary Servicer Escrow Accounts, to the extent provided in Section 3.01(c)(iv) and not required to be paid to any Mortgagor under applicable law. As additional consideration for the Primary Servicer's performance hereunder, the Primary Servicer shall be entitled to retain, and (subject to any contrary provisions of the Waterside Shops Intercreditor Agreement) shall not be required to deposit into the Primary Servicer Certificate Account pursuant to Section 3.01(d)(ii), additional servicing compensation in the form of: (i) the product of (a) assumption application fees, assumption fees, extension fees, Modification Fees and forbearance fees, to the extent that the Master Servicer is otherwise entitled thereto under Section 8.10(b) of the Pooling and Servicing Agreement and (b) either 100% (if the Primary Servicer is authorized hereunder to enter into the transaction without the consent or deemed consent of the Master Servicer) or 50% (if the Primary Servicer is authorized hereunder to enter into the transaction only with the consent or deemed consent of the Master Servicer); and (ii) other usual and customary charges and fees actually received from Mortgagors, to the extent that the Master Servicer is otherwise entitled thereto under Section 8.10(b) of the Pooling and Servicing Agreement; provided, however, that, in each case, any fee shall be considered in the above clauses only to the extent that such fee is paid by the Mortgagor and only to the extent that all amounts then due and payable with respect to the related Mortgage Loan have been paid and in no event shall the Primary Servicer be entitled to Prepayment Premiums, default interest or late payment charges.
Sample 1
Primary Servicer Compensation. Each Primary Servicer shall be entitled to a fee (the "Primary ------- Servicing Fee"), with respect to each Related Mortgage Loan, other than an ------------- REO Mortgage Loan, that shall be equal to one-twelfth of the product of (a) the Primary Servicing Fee Rate and (b) the Scheduled Principal Balance of such Related Mortgage Loan as of the Due Date in the preceding calendar month or, in the case of the initial Primary Remittance Date for such Related Mortgage Loan, the outstanding principal balance of such Related Mortgage Loan as of the Cut-off Date. Notwithstanding the foregoing, in lieu of the Primary Servicing Fee set forth above, the Primary Servicer for the Combined Servicing Mortgage Loans and the Master Servicer shall be collectively entitled to a Primary Servicing Fee calculated as described above but based on a Primary Servicing Fee Rate equal to 0.04% per annum. The Primary Servicing Fee is payable to the extent permitted by Section 4.03(ii) hereof. A Primary Servicer shall also be entitled to receive as part of its servicing compensation net reinvestment income pursuant to Section 4.02(b) and certain fees described in clause (2) of Section 4.02(c) and as otherwise permitted under this Agreement.
Sample 1

Related to Primary Servicer Compensation

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Compensating Balance Arrangement The Funds and The Bank of New York have entered into a compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance the next day. Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation. In both cases, Federal Reserve requirements, currently 10%, will be assessed. Therefore, all overdrafts must be compensated at 100% of the total and all positive balances will allow for an overdraft of 90% of the total. Balances for the tax-exempt portfolios will be permitted an open-ended roll forward. The taxable portfolios are closed out on a quarterly basis with no carry-over to the subsequent quarter. At the end of each quarter, the average overdraft will be assessed a fee of 1% above the actual Federal Funds rate at the end of the period. Any average positive balance will receive an earnings credit computed at the daily effective 90 day T-bill rate minus 0.25 bps on the last day of the period. Earnings credits will be offset against the Funds’ safekeeping fees. GLOBAL CUSTODY (Non-US Securities Processing) Global Safekeeping Fee Transaction Fee Countries *(in basis points)1 (U.S. Dollars)2 Argentina 17.00 55 Australia 1.50 25 Austria 3.00 40 Bahrain 50.00 140 Bangladesh 50.00 145 Belgium 2.50 35 Bermuda 17.00 70 Botswana 50.00 140 Brazil 12.00 30 Bulgaria 30.00 85 Canada 1.00 10 Chile 20.00 80 China “A” Shares 15.00 80 China “B” Shares 15.00 60 Colombia 50.00 95 Costa Rica 14.00 65 Croatia 25.00 70 Cyprus 15.00 35 Czech Republic 18.00 50 Denmark 2.00 35 Ecuador 30.00 55 Egypt 30.00 85 Estonia 10.00 60 Euromarket/Euroclear3 1.00 10 Euromarket/Clearstream 1.00 10 Finland 3.50 35 France 2.00 30 Germany 1.50 25 Ghana 50.00 140 Greece 9.00 40 Hong Kong 3.00 45 Hungary 20.00 55 Iceland 11.00 35 India 13.00 105 Indonesia 11.00 80 Ireland (Equities) 3.00 33 Ireland (Gov’t Bonds) 1.00 13 Israel 20.00 40 Italy 1.50 35 Ivory Coast 50.00 140 Jamaica 50.00 60 Japan 1.75 20 Jordan 50.00 140 Kazakhstan 53.00 140 Kenya 48.00 140 Latvia 50.00 45 Lebanon 50.00 140 Lithuania 20.00 43 Luxembourg 10.00 80 Malaysia 4.50 45 Malta 20.00 63 Mauritius 25.00 100 Mexico 6.50 30 Morocco 50.00 95 Namibia 50.00 60 Netherlands 2.00 25 New Zealand 2.00 35 Nigeria 50.00 60 Norway 2.50 35 Oman 50.00 140 Pakistan 50.00 140 Peru 50.00 83 Philippines 6.00 60 Poland 15.00 63 Portugal 5.00 50 Qatar 50.00 140 Romania 30.00 80 Russia Equities 40.00 95 Singapore 3.50 45 Slovak Republic 23.00 95 Slovenia 50.00 60 South Africa 2.50 30 South Korea 6.50 45 Spain 2.50 40 Sri Lanka 13.00 70 Swaziland 50.00 60 Sweden 2.00 30 Switzerland 2.00 35 Taiwan 10.00 60 Thailand 5.00 50 Trinidad & Tobago 50.00 53 Tunisia 50.00 53 Turkey 12.50 60 Ukraine 75.00 250 United Kingdom 0.50 10 Uruguay 75.00 83 Venezuela 50.00 140 Zambia 50.00 140 Zimbabwe 50.00 140 Not In Bank/Not in Custody Assets USA4………………………$500 per line per annum $70 per non-USD currency movement Brazil - 15 basis points for annual administrative charges Colombia - USD $600 per month minimum administration charge Ecuador - USD $800 monthly minimum per relationship Egypt - USD $400 monthly minimum per relationship Local taxes, stamp duties or other assessments, including stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other unusual expenses, which are unique to a country in which the Funds are investing This Amendment (the “Amendment”) dated as of November 8, 2007 between The Bank of New York (“Custodian”) and the Funds listed on Schedule II to the Custody Agreement, as amended by Exhibit A attached hereto (each a “Fund”).

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