Assumption Fee definition

Assumption Fee means any assumption or other similar fee paid by the Obligor on a Contract.

Assumption Fee means Borrower’s Allocation of (a) an assumption fee equal to $250,000 if no material modifications to the Loan Documents are required in connection with the Assumption or (b) $350,000 if material modifications to the Loan Documents are required in connection with the Assumption.

Assumption Fee has the meaning set forth in Section 2.5.

Examples of Assumption Fee in a sentence

• To the extent not prohibited by the applicable Loan Documents and applicable law, the Master Servicer or Special Servicer, as applicable, may charge the related Mortgagor a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided that any such fee shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the terms of this Agreement.

• Any remaining portion of such assumption fee (such remaining portion, a "Net Assumption Fee") or of such assumption application fee (such remaining portion, a "Net Assumption Application Fee") will be applied as additional compensation to the Master Servicer or the Special Servicer in accordance with Section 3.11.

• To the extent permitted by the applicable Loan Documents and applicable law, the Master Servicer or Special Servicer, as applicable, may charge the related Mortgagor a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided that any such fee shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the terms of this Agreement.

• To the extent not prohibited by the applicable Mortgage Loan Documents and applicable law, the Special Servicer or the Master Servicer, as applicable, may charge the related Mortgagor a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided that any such fee shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the terms of this Agreement.

• To the extent not prohibited by the applicable Loan Documents and applicable law, the Special Servicer or the Master Servicer, as applicable, may charge the related Mortgagor a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided that any such fee shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the terms of this Agreement.

More Definitions of Assumption Fee

Assumption Fee has the meaning ascribed to such term in Section 8.3.

Assumption Fee means an assumption fee equal to $28,432.38 for the first Assumption and twenty-five (25) basis points (0.25%) of the Outstanding Principal Balance as of the closing of the conveyance in question for any Assumption thereafter.

Assumption Fee means Borrower’s Allocation of (i) with respect to the first (1st) Assumption, an assumption fee equal to (a) $125,000 if no material modifications to the Loan Documents are required in connection with the Assumption or (b) $175,000 if material modifications to the Loan Documents are required in connection with the Assumption and (ii) with respect to each Assumption thereafter, an assumption fee equal to (a) $250,000 if no material modifications to the Loan Documents are required in connection with the Assumption or (b) $350,000 if material modifications to the Loan Documents are required in connection with the Assumption.

Assumption Fee means a fee in the amount of $43,800.

Assumption Fee an amount equal to (i) with respect to the first assumption, one-quarter of one percent (0.25%) of the then unpaid Principal and (ii) with respect to any subsequent assumptions after the first assumption, one-half of one percent (0.5%) of the then unpaid Principal.

Assumption Fee. The fee retained by the Company as additional servicing compensation pursuant to Section 6.01.

Assumption Fee is defined in Section 8.2 (c)(i) hereof.