Special Servicing Fee Clause Samples
The Special Servicing Fee clause defines the fee payable to a servicer when a loan enters special servicing, typically due to default or other triggering events. This fee is usually higher than the standard servicing fee and compensates the servicer for the additional work involved in managing troubled or non-performing loans, such as negotiating workouts or overseeing foreclosure proceedings. Its core function is to incentivize the servicer to actively manage distressed loans and to allocate the costs associated with the increased effort required during special servicing situations.
Special Servicing Fee. The Company will reimburse the Manager for actual expenses incurred on the Company’s behalf in connection with the special servicing of non-performing assets. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. Special servicing fee equal to an annualized rate of 2.00% of the original value of a non-performing asset, payable quarterly in arrears. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. 39 Special Servicing Fee Rate.............................................40
Special Servicing Fee. Servicer shall be entitled to a quarterly special servicing fee equal to an annualized rate of 2.00% of the original value of an Asset that, in the sole discretion of the manager of Fundrise, is deemed to be a non-performing asset.
Special Servicing Fee. If there is an Event of Default by Borrower under this Agreement and the Loan is transferred to a special workout person (“Special Servicer”) for workout, including, without limitation, advising, structuring, drafting, reviewing, administering, or amending Loan documents in any form or fashion, the Special Servicer is entitled to collect a fee for their services equal to one percent (1.0%) per annum based on the unpaid principal loan balance at the time the Loan is transferred. Said fee will be due and payable monthly on each Payment Date and will be in addition to any other Loan payment requirements contained in the Loan Documents.
Special Servicing Fee. On or before the date hereof, Borrower shall have paid to Lender a special servicing fee in an amount equal to One Million Seventeen Thousand and No/100 Dollars ($1,017,000.00).
Special Servicing Fee. Special servicing fee for any non-performing debt investment at an annualized rate of 1.00%, which will be based on the original value of such non-performing debt investment and will cover the increased administrative costs to handle the non-performing asset. The fee shall be payable quarterly in arrears. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. The Manager or its Affiliates will be entitled to a fee equal to an annualized rate of one percent (1.00%) of the original value of a non-performing loan serviced by the Manager or its Affiliates. Whether a loan is deemed to be non-performing is in the sole discretion of the Manager or its Affiliates. The payment of this special servicing fee shall be in addition to any third party special servicing expenses incurred by the Fund, which may include special fees associated with recovery efforts by the Manager or its Affiliates.
Special Servicing Fee. Special servicing paid to an RM Lender for the servicing of any non-performing debt or preferred equity investment at an annualized rate of 1.00%, which will be based on the original value of such non-performing debt or preferred equity investment and any additional amounts associated with such investment. Whether an investment is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. Upon any Investment being considered a Specially Serviced Investment as defined by the Servicing Service Level Agreement (Attachment 3), as to which Principal provides services under Section 2.03 of Attachment 3, Lender will pay Principal in lieu of the Servicing Fee, a special servicing fee (the “Special Servicing Fee”) equal to thirty (30) basis points per annum, payable on a monthly basis based on a 360 day year comprised of twelve (12) thirty (30) day months, times the then outstanding principal balance of the Investment.