Base Future Servicing Compensation definition

Base Future Servicing Compensation. For each Future Mortgage Loan, a servicing fee equal to $[__] per annum, as provided in Section 4.01 and subject to annual increase as provided in Section 4.02. Base Future Servicing Compensation will be payable monthly in an amount equal to one twelfth of the applicable per annum rate described above multiplied by the number of applicable Mortgage Loans being serviced pursuant to this Agreement at the end of each calendar month.
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Base Future Servicing Compensation. For each Future Mortgage Loan, a servicing fee equal to (i) $[__] per annum with respect to any Future CMBS Transaction that is not an Excluded Future CMBS Transaction and (ii) $[__] per annum with respect to any Excluded Future CMBS Transaction, each as provided in Section 4.01 and subject to annual increase as provided in Section 4.02. Base Future Servicing Compensation will be payable monthly in an amount equal to one twelfth of the applicable per annum rate described above multiplied by the number of applicable Mortgage Loans being serviced pursuant to this Agreement at the end of each calendar month.
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Base Future Servicing Compensation is deleted in its entirety and replaced with the following:
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Examples of Base Future Servicing Compensation in a sentence

  • In the event that there are insufficient funds in the Servicing Fee Account to pay the Base Legacy Servicing Compensation and Base Future Servicing Compensation, as applicable for any month, the Subservicer shall be entitled to withdraw the amount of any deficiency from the Ancillary Fee Account provided there are excess funds in such account after payment of the Floor Component Amount in any month.


More Definitions of Base Future Servicing Compensation

Base Future Servicing Compensation is deleted in its entirety and replaced with the following: Key / Berkadia – Amendment No. 3 to A&R Subservicing Agreement (Master)
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Related to Base Future Servicing Compensation

  • Servicing Compensation With respect to each Distribution Date, the sum of (i) the aggregate Servicing Fee for such Distribution Date subject to reduction as provided in Section 3.17, (ii) any Ancillary Income, (iii) Excess Proceeds for the preceding month and (iv) the Servicer Custodial Account Reinvestment Income for such Distribution Date.

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.