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. 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. 124 Section 6.14 Limitations on the Special Servicer with Respect to ARD Loans.................................126 Section 6.15 Collateral Value Adjustments..................................................................126 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 (i) one-twelfth of 0.0125% per annum of the Scheduled Principal Balance of each Mortgage Loan and (ii) one-twelfth of 0.25% per annum of the then current outstanding balance of any Specially Serviced Mortgage Loan.
Special Servicer Compensation. 93 SECTION 6.14
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 other than the Crown Participation 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 Stated Principal Balance of such Mortgage Loan is reduced to zero. There will be no fee payable to the Special Servicer in connection with the Crown Participation other than the fee payable thereto pursuant to the servicing agreement referenced in the Crown Participation Agreement.
Special Servicer Compensation. 93 SECTION 6.14 Limitations on the Special Servicer with Respect to ARD Loans. . . . . . . . . . . . . . . . . . . . . . 93 SECTION 6.15
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. 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). Notwithstanding the foregoing, Late Fees and default interest received by the applicable Master Servicer with respect to the Royal Airport Office Loan Group shall be allocable among the applicable Master Servicer or applicable Special Servicer, as the case may be, and the holder of the Royal Airport Office B Note in accordance with the Royal Airport Office Co-Lender Agreement.
