Additional Collateral Due Diligence Fees definition

Additional Collateral Due Diligence Fees means the due diligence fees paid by Borrower to Lender with respect to each Additional Mortgaged Property, as set forth in Section 10.04(b).

Additional Collateral Due Diligence Fees means the due diligence fees paid by Borrower to Lender with respect to each Additional Mortgaged Property.

Additional Collateral Due Diligence Fees shall have the meaning set forth in Section 16.03(b).

Examples of Additional Collateral Due Diligence Fees in a sentence

• Each Substitution Request shall be accompanied by the following: (i) the information required by the Underwriting Requirements with respect to the proposed Substitute Mortgaged Property and any additional information Lender reasonably requests; and (ii) the payment of all Additional Collateral Due Diligence Fees.

• That is, compute resources are not available in a dedicated manner, but become available when our job is scheduled for execution and become unavailable when our job terminates.To handle this issue, we segment the overall work to be performed into small tasks that can be performed independently (i.e., sequentially, concurrently or out-of-order).

• Any portion of the Additional Collateral Due Diligence Fees paid to Lender but not actually used by Lender to cover due diligence expenses shall be promptly refunded to Borrower.

• The Borrower shall pay Additional Collateral Due Diligence Fees for the Additional or Substituted Mortgaged Property to the Lender on the date on which it submits the Collateral Addition or Substitution Request for the addition of the Additional or Substituted Mortgaged Property to the Collateral Pool.

• All Additional Collateral Due Diligence Fees, third party costs and out-of-pocket fees and expenses incurred by Lender and Xxxxxx Xxx shall be paid by Borrower on the applicable Closing Date (or if the relevant proposed Additional Mortgaged Property or Substitute Mortgaged Property, as applicable, does not become part of a Collateral Pool, on demand) for the Additional Mortgaged Property or Substitute Mortgaged Property, as applicable.

More Definitions of Additional Collateral Due Diligence Fees

Additional Collateral Due Diligence Fees with respect to each Substitute Mortgaged Property in an amount equal to the reasonable out-of-pocket costs incurred by Lender in connection with Lender’s due diligence for such Substitute Mortgaged Properties, including but not limited to third party reports required by Lender plus a $1,500 fee payable by Lender to Xxxxxx Xxx. In connection with any Substitution Request, Borrower shall pay to Lender a deposit toward the Additional Collateral Due Diligence Fees equal to the product obtained by multiplying (i) $15,000, by (ii) the number of Substitute Mortgaged Properties. The Additional Collateral Due Diligence Fees not covered by the deposit shall be paid by Borrower on the Closing Date (or if the proposed Substitute Mortgaged Property does not become part of the Collateral Pool, on demand) for the Substitute Mortgaged Property. Any portion of the Additional Collateral Due Diligence Fee paid to Lender not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.

Additional Collateral Due Diligence Fees with respect to each proposed Substitute Mortgaged Property, in an amount equal to $5,000 per Substitute Mortgaged Property, which represents the estimated cost for due diligence expenses. All Additional Collateral Due Diligence Fees, third party costs and out-of-pocket fees and expenses incurred by Lender and Xxxxxx Mae shall be paid by Borrower on the applicable Closing Date (or if the relevant proposed Substitute Mortgaged Property does not become part of a Collateral Pool, on demand) for the Substitute Mortgaged Property.

Additional Collateral Due Diligence Fees with respect to each proposed Additional Mortgaged Property or Substitute Mortgaged Property, as applicable, in an amount equal to $4,000 per Additional Mortgaged Property or Substitute Mortgaged Property, as applicable, which represents the estimated cost for due diligence expenses. Borrower shall also deposit with Lender an amount equal to $10,000 for each proposed Additional Mortgaged Property or Substitute Mortgaged Property, as applicable (“Additional Collateral Due Diligence Deposit”) to be used for the payment of third party costs and out-of-pocket expenses incurred by Lender and Xxxxxx Xxx. All Additional Collateral Due Diligence Fees, third party costs and out-of-pocket fees and expenses (not otherwise covered by the Additional Collateral Due Diligence Deposit) incurred by Lender and Xxxxxx Mae shall be paid by Borrower on the applicable Closing Date (or if the relevant proposed Additional Mortgaged Property or Substitute Mortgaged Property, as applicable, does not become part of a Collateral Pool, on demand) for the Additional Mortgaged Property or Substitute Mortgaged Property, as applicable. Any portion of the Additional Collateral Due Diligence Deposit deposited with Lender and not actually used by Lender to cover due diligence expenses shall be refunded to Borrower on the applicable Closing Date.

Additional Collateral Due Diligence Fees with respect to each proposed Additional Mortgaged Property in an amount equal to the actual costs of Lender’s due diligence for such Mortgaged Properties, including but not limited to third party reports required by Lender plus (32) a $1,500 fee per Additional Mortgaged Property payable by Lender to Fxxxxx Mae plus (33) a $4,600 processing fee per Additional Mortgaged Property payable to Lender by Borrower. The Additional Collateral Due Diligence Fees shall be paid by Borrower on the Closing Date (or if the proposed Additional Mortgaged Property does not become part of a Collateral Pool, on demand) for the Additional Mortgaged Property. Any portion of the deposit paid to Lender not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.

Additional Collateral Due Diligence Fees has the meaning given that term in Section 7.02 hereof.

Additional Collateral Due Diligence Fees has the meaning given that term in Section 3.3(8)(b) of this Agreement.

Additional Collateral Due Diligence Fees with respect to each proposed Additional Mortgaged Property in an amount equal to (i) the actual out of pocket costs of Lender’s due diligence on such Mortgaged Property, including but not limited to third party reports required by Lender (for which Lender will require a deposit as described below), (ii) a $1,500 fee per Additional Mortgaged Property or Substitute Mortgaged Property payable to Xxxxxx Xxx and (iii) a $6,000 fee per Additional Mortgaged Property or Substitute Mortgaged Property payable to Lender. With respect to the due diligence expenses, Borrower shall pay to the Lender a $15,000 deposit for each proposed Additional Mortgaged Property which represents the estimated cost for due diligence expenses. Any expenses not covered by the deposit shall be paid by Borrower on the applicable Closing Date (or if the relevant proposed Additional Mortgaged Property does not become part of a Collateral Pool, on demand) for the Additional Mortgaged Property. Any portion of the deposit paid to Lender and not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.