Aggregate Expense Rate definition
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the related Servicing Fee Rate and the applicable Insurance Fee Rate, in the case of any Mortgage Loan covered by a Bulk PMI Policy or a LPMI Policy.
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the Master Servicing Fee Rate and the applicable Servicing Fee Rate.
Aggregate Expense Rate. With respect to any Mortgage Loan, the applicable Servicing Fee Rate and, with respect to any LPMI Mortgage Loan, the interest premium charged by the mortgagee to obtain or maintain any Primary Mortgage Insurance Policy.
Examples of Aggregate Expense Rate in a sentence
Aggregate Expense Rate: The sum of the Master Servicing Fee Rate, the Securities Administrator Fee Rate, the applicable Servicing Fee Rate and the Trustee Fee Rate.
Aggregate Expense Rate: The sum of the Servicing Fee Rate, the Securities Administrator Fee Rate and the Trustee Fee Rate.
More Definitions of Aggregate Expense Rate
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the Servicing Fee Rate and the Lender-Paid PMI Rate (if applicable).
Aggregate Expense Rate. With respect to any Mortgage Loan, the Servicing Fee Rate and any applicable mortgage insurance policy premium payable by any Servicer.
Aggregate Expense Rate. The sum of the Master Servicing Fee Rate, the applicable Servicing Fee Rate and the Trustee Fee Rate.
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the Master Servicing Fee Rate, the applicable Servicing Fee Rate and the premium rate of any lender-paid Primary Mortgage Insurance Policy, expressed as an annual rate.
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the Servicing Fee Rate and the Lender-Paid PMI Rate (if applicable). Agreement: This Pooling and Servicing Agreement and all amendments hereof and supplements hereto.
Aggregate Expense Rate. With respect to any Mortgage Loan, the sum of the Trustee Fee Rate, the Servicing Fee the Rate and the applicable Insurance Premium Rate, with respect to any Mortgage Loan covered by a Pool Insurance Policy.
Aggregate Expense Rate means a per annum rate equal to the sum of the Servicing Fee Rate, Master Servicing Fee Rate, Trust Agent Fee Rate and Securities Administrator Fee Rate.