Additional Servicing definition

Additional Servicing means, for each Distribution Date, an amount equal to the lesser of (i) the amount by which (A) the aggregate amount of the Servicing Fee for such Distribution Date and all prior Distribution Dates exceeds (B) the aggregate amount of Additional Servicing paid to the Servicer on all prior Distribution Dates and (ii) the amount, if any, by which (A) the sum of Available Interest and Available Principal for such Distribution Date exceed (B) the sum, without duplication of (x) the Servicing Fee paid on such Distribution Date with respect to the related Collection Period and any accrued and unpaid Servicing Fee for prior Collection Periods, (y) all amounts required to be distributed to the Holders on such Distribution Date and (z) the amount, if any, deposited in the Reserve Account on such Distribution Date.
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Additional Servicing. With respect to any Distribution Date, an amount (not less than zero) equal to the lesser of:
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Additional Servicing means, for each Distribution Date, an amount equal to the lesser of (i) the amount by which (A) the aggregate amount of the Servicing Fee for such Distribution Date and all prior Distribution Dates exceeds (B) the aggregate amount of Additional Servicing paid to the Servicer on all prior Distribution Dates and (ii) the amount, if any, by which (A) the sum of Available Interest and Available Principal for such Distribution Date exceed (B) the sum, without duplication of (w) the Servicing Fee paid on such Distribution Date with respect to the related Collection Period and any accrued and unpaid Servicing Fee for prior Collection Periods, [(x) all amounts paid on such Distribution Date to the Administrator pursuant to Section 5.5(c)(ii) of the Sale and Servicing Agreement], (y) all amounts required to be distributed to the Noteholders and the Certificateholders on such Distribution Date, and (z) the amount, if any, deposited in the Reserve Account on such Distribution Date.
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Examples of Additional Servicing in a sentence

  • Notwithstanding clause (xiv) above, to the extent that the Mortgage Loan Borrower actually pays any assumption fees, such assumption fees otherwise allocable to the Holders instead shall be payable as Additional Servicing Compensation as provided in the Lead Securitization Servicing Agreement.

  • Additional Servicing compensation in the form of Ancillary Income shall be retained by the Servicer and is not required to be deposited in the Collection Account.

  • At the time a payment is made by the Note B Holder to cure a Monetary Default, the Note B Holder shall pay or reimburse the Note A Holder for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses.

  • At the time a payment is made by the Curing Noteholders to cure a Monetary Default, such Curing Noteholders shall pay or reimburse each Note A Holders, for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses.

  • At the time a payment is made to cure a Monetary Default, the Controlling Noteholder shall pay or reimburse the Lead Securitization Noteholder for all unreimbursed Advances (whether or not recoverable with respect to the Senior Notes, including principal and interest advances made with respect to Senior Notes under any Non-Lead Securitization Servicing Agreement), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses.

  • To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof.

  • As compensation for the performance of its obligations under this Indenture, the Servicer shall be entitled to receive on each Payment Date, from amounts on deposit in the Collection Account and in the priorities described in Sections 3.4 and 6.6 hereof, the Servicing Fee and any Additional Servicing Compensation.

  • As provided in Section 4.5, as additional compensation, Servicer shall be entitled to receive on each Distribution Date, any Additional Servicing for such Distribution Date.

  • The Trust and NSLF agree to pay the Master Servicer those fees for Cure Procedures described in Schedule A under the topic entitled "Additional Servicing Activity".

  • The Indenture Trustee, at the written direction of the Servicer, shall withdraw (no more than once per calendar week) from the Collection Account and return to the Servicer or as directed by the Servicer, any amounts which (i) were mistakenly deposited in the Collection Account, including, without limitation, amounts representing Misdirected Deposits or (ii) represent Additional Servicing Compensation.