Special Servicer Compensation. This Section 6.5(b) shall apply mutatis mutandis to reimbursement of Realized Losses previously allocated to the REMIC II Regular Interests.
Special Servicer Compensation. It is hereby acknowledged that the applicable Master Servicer may only waive Late Fees and default interest to the extent set forth in Section 8.3(a).
Special Servicer Compensation. (a) Subject to Section 6.16(c), as compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Basic Special Servicing Fee with respect to each Specially Serviced Mortgage Loan. As to each Specially Serviced Mortgage Loan, the Basic Special Servicing Fee shall be the product of the Basic Special Servicing Fee Rate and the Stated Principal Balance of such Specially Serviced Mortgage Loan or REO Loan as of the Due Date in the prior calendar month calculated for the same period respecting which any related interest payment on each such Specially Serviced Mortgage Loan is calculated. The Basic Special Servicing Fee with respect to each Specially Serviced Mortgage Loan shall cease to accrue as of the date a Liquidation Event occurs in respect thereof. As to each Specially Serviced Mortgage Loan, earned but unpaid Basic Special Servicing Fee shall be payable monthly out of general collections on the Mortgage Loans on deposit in the Collection Account, and to the extent provided in Section 4.03.
Special Servicer Compensation. 119 Section 6.14 Limitations on the Special Servicer with Respect to ARD Loans.................................120 Section 6.15 Collateral Value Adjustments..................................................................121 Section 6.16
Special Servicer Compensation. The Special Servicer shall be entitled to reasonable compensation for services rendered by it hereunder on each Master Remittance Date from amounts in the Trust Fund in an amount equal to 1.00% of all amounts collected on each Mortgage Loan for the period beginning immediately following the date on which such Mortgage Loan became a Specially Serviced Mortgage Loan until the Distribution Date immediately following the date on which the outstanding principal balance of such Mortgage Loan is reduced to zero.
Special Servicer Compensation. Each Special Servicer shall be entitled to reasonable compensation for services rendered by it hereunder on each Remittance Date from amounts in the Collection Account in an amount (the "Special Servicing Fee") equal to one-twelfth of the product of (a) ____% per annum calculated on the basis of twelve 30-day months and a 360-day year and (b) the Stated Principal Balance of each Specially Serviced Mortgage Loan or REO Mortgage Loan as of the Due Date in the preceding calendar month. The Special Servicer will also be entitled to receive with respect to any Specially Serviced Mortgage Loan or REO Property that is sold or transferred or otherwise liquidated, in addition to the Special Servicing Fee, a disposition fee (the "Disposition Fee") equal to ____% of the net proceeds of the sale or liquidation of any Specially Serviced Mortgage Loan or REO Property. The Special Servicer will also be entitled to retain as additional servicing compensation (i) all investment income earned on amounts on deposit in any REO Account, and (ii) all amounts collected with respect to the Specially Serviced Mortgage Loans in the nature of late payment charges, late fees, assumption fees, modification fees, extension fees or similar items (other than default interest).
Special Servicer Compensation. 93 SECTION 6.14 Limitations on the Special Servicer with Respect to ARD Loans. . . . . . . . . . . . . . . . . . . . . . 93 SECTION 6.15
Special Servicer Compensation. ... Section 6.13 Appraisal Reduction Estimate, Special Servicer's Appraisal Reduction Estimate and MAI Appraisal.....................................................
Special Servicer Compensation. The Special Servicer shall be entitled to reasonable compensation for services rendered by it hereunder, payable on each Remittance Date from amounts in the Collection Account, in an amount equal to the Special Servicing Fee, with respect to each Specially Serviced Mortgage Loan. The Special Servicer will also be entitled to receive, in addition to the Special Servicing Fee, the Disposition Fee with respect to any Specially Serviced Mortgage Loan or REO Property that is sold, transferred or otherwise liquidated. The Special Servicer will also be entitled to retain as additional servicing compensation (i) all investment income earned on amounts on deposit in any REO Account, (ii) all additional servicing compensation in the form of a Workout Fee with respect to each Corrected Mortgage Loan at the Workout Fee Rate on such Mortgage Loan for so long as it remains a Corrected Mortgage Loan. The Workout Fee with respect to any Corrected Mortgage Loan will cease to be payable if such loan again becomes a Specially Serviced Mortgage Loan; provided that a new Workout Fee will become payable if and when such Mortgage Loan again becomes a Corrected Mortgage Loan. If the Special Servicer is terminated (other than for cause) or resigns, it shall retain the right to receive any and all Workout Fees payable with respect to Mortgage Loans that became Corrected Mortgage Loans during the period that it acted as Special Servicer and were Corrected Mortgage Loans at the time of such termination (and the successor Special Servicer shall not be entitled to any portion of such Workout Fees), in each case until the Workout Fee for any such Mortgage Loan ceases to be payable in accordance with the terms hereof, and all late payment charges (to the extent not used to pay interest on Advances), late fees (to the extent not used to pay interest on Advances) and fees relating to assumptions, substitutions, modifications, extensions, and like actions collected with respect to the Specially Serviced Mortgage Loans (other than NSF check charges and default interest to the extent not used to pay interest on Advances).
Special Servicer Compensation. (a) As compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Special Servicing Fee with respect to each Specially Serviced Loan and REO Loan; provided that any Special Servicing Fee allocable to a Companion Participation shall be paid only from amounts allocated to such Companion Participation in accordance with the related Participation Agreement. As to each Specially Serviced Loan and REO Loan, the Special Servicing Fee shall accrue from time to time at the Special Servicing Fee Rate and shall be computed on the basis of the outstanding principal balance of such Specially Serviced Loan as of the first Business Day following the Determination Date in the immediately preceding calendar month and in the same manner as interest is calculated on the Specially Serviced Loans and, in connection with any partial month interest payment, for the same period respecting which any related interest payment due on such Specially Serviced Loan or deemed to be due on such REO Loan is computed. The Special Servicing Fee with respect to any Specially Serviced Loan or REO Loan shall cease to accrue if a Liquidation Event occurs in respect thereof. The Special Servicing Fee shall be payable monthly, on an asset-by-asset basis, in accordance with the provisions of Section 3.03(b). The right to receive the Special Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Special Servicer’s responsibilities and obligations under this Agreement. The Special Servicer shall be required to pay all expenses related to the Special Servicer’s internal costs consisting as overhead and employees expenses incurred by it in connection with its servicing activities hereunder and shall not be entitled to reimbursement thereof except as specifically provided for herein.
