Backup Servicing Fees definition

Backup Servicing Fees as defined in the Backup Servicing Agreement.

More Definitions of Backup Servicing Fees

Backup Servicing Fees as defined in the Backup Servicing Agreement. LEGAL 4873-0998-8490v4881-9719-6460v.143
Backup Servicing Fees means all amounts owing to the Backup Servicer by the Servicer or the Borrower pursuant to Schedule 1 of the Backup Servicing Agreement. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. “Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country, from time to time, which is described in the EU Bail-In Legislation Schedule. “Base Rate” means, [***] “Benchmark” means, initially, CDOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 0, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the published component used in the calculation thereof. “Benchmark Replacement” means, for any Available Tenor:
Backup Servicing Fees means all fees and reimbursable expenses (excluding Transition Expenses) payable pursuant to the Backup Servicing Agreement or the Backup Servicing Fee Letter. "BANK RATE" for any Purchaser for any Yield Period for any Portion of Investment means an interest rate PER ANNUM equal to the Applicable Margin above the Eurodollar Rate for such Purchaser for such Yield Period; provided, further, that in the case of
Backup Servicing Fees means, so long as any replacement servicing agreement, including the Backup Servicing Agreement, is in effect, the monthly fee payable to the back-up servicer named therein.
Backup Servicing Fees shall have the meaning attributed to such term in the Backup Servicing Agreement.

Related to Backup Servicing Fees

  • Servicing Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Collection Period.

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.