CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES definition

CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means the Trustee's compensation pursuant to Section 6.05 and those other Administrative Expenses with respect to the Trust, including those due under Section 6.05, as are due on such Distribution Date that, together with all such Administrative Expenses paid since the beginning of the calendar year in which such Distribution Date occurs, do not exceed $_________ (or $__________ in any year in which an Early Amortization Event set forth in Section 8.01(d) or (e) occurs and the Trustee sells the property of the Trust pursuant to Section 8.02).
CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means, with respect to any Monthly Allocation Date, the 1997-A Securitization Trustee's compensation and other Administrative Expenses with respect to the 1997-A Securitization Trust payable or reimbursable thereto on such Monthly Allocation Date under the 1997-A Securitization Trust Agreement, including those due under Section 6.05 of the 1997-A Securitization Trust Agreement; provided that the amount so payable and/or reimbursable on such Monthly Allocation Date, taken together with all such compensation and Administrative Expenses paid or reimbursed since the beginning of the calendar year in which such Monthly Allocation Date occurs, will not exceed $75,000 (or $125,000 in any year in which an Early Amortization Event occurs with respect to which the 1997-A Securitization Trustee sells or otherwise disposes of the property of the 1997-A Securitization Trust pursuant to Section 8.02 of the 1997-A Securitization Trust Agreement).
CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means, with respect to any Monthly Allocation Date, the Securitization Trustee's compensation and other Administrative Expenses with respect to the Securitization Trust payable or reimbursable thereto on such Monthly Allocation Date under the Securitization Trust Agreement, including those due under Section 6.05 of the Securitization Trust Agreement; provided that the amount so payable and/or reimbursable on such Monthly Allocation Date, taken together with all such compensation and Administrative Expenses paid or reimbursed since the beginning of the calendar year in which such Monthly Allocation Date occurs, will not exceed [$50,000.00] (or [$100,000.00] in any year in which an Early Amortization Event of the type set forth in clause (iv) of the definition of Early Amortization Event occurs and the Securitization Trustee sells the property of the Securitization Trust pursuant to Section 8.02 of the Securitization Trust Agreement).

More Definitions of CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES

CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means, with respect to any Monthly Allocation Date, the 1997-A Securitization Trustee's compensation and other Administrative Expenses with respect to the Securitization Trust payable or reimbursable thereto on such Monthly Allocation Date under the 1997-A Securitization Trust Agreement, including those due under Section 6.05 of the 1997-A Securitization Trust Agreement; provided that the amount so payable and/or reimbursable on such Monthly Allocation Date, taken together with all such compensation and Administrative Expenses paid or reimbursed since the beginning of the calendar year in which such Monthly Allocation Date occurs, will not exceed $75,000 (or $125,000 in any year in which an Early Amortization Event occurs with respect to which the 1997-A Securitization Trustee sells the property of the 1997-A Securitization Trust pursuant to Section 8.02 of the Securitization 1997-A Securitization Trust Agreement). "CAPPED TITLING TRUST ADMINISTRATIVE EXPENSES" means, with respect to any Monthly Allocation Date, the Titling Trustee's compensation and other Administrative Expenses with respect to the Titling Trust lalocable to the 1997-A SUBI Interest and payable or reimbursable thereto on such Monthly Allocation Date under the 1997-A Securitization Trust Agreement, including those
CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means, with respect to any Monthly Allocation Date, an amount sufficient to pay or reserve for payment the 1998-C Securitization Trustee's compensation, the reasonable fees and disbursements of the Transferor's accountants and attorneys and other Administrative Expenses with respect to the 1998-C Securitization Trust payable or reimbursable thereto on such Monthly Allocation Date under the 1998-C Securitization Trust Agreement, including those due under Section 6.05 of the 1998-C Securitization Trust Agreement; provided that the amount so payable and/or reimbursable on such Monthly Allocation Date, taken together with all such compensation and Administrative Expenses paid or reimbursed since the beginning of the calendar year in which such Monthly Allocation Date occurs, will not exceed $75,000 (or $125,000 in a calendar year in which a Swap Termination occurs with respect to which the 1998-C Securitization Trustee sells or otherwise disposes of the property of the 1998-C Securitization Trust pursuant to SECTION 8.02 ? of the 1998-C Securitization Trust Agreement).
CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES means, with respect to any Monthly Allocation Date, the 1998-B Securitization Trustee's compensation, the reasonable fees and disbursements of the Transferor's accountants and attorneys and other Administrative Expenses with respect to the 1998-B Securitization Trust payable or reimbursable thereto on such Monthly Allocation Date under the 1998-B Securitization Trust Agreement, including those due under Section 6.05 of the 1998-B Securitization Trust Agreement; provided that the amount so payable and/or reimbursable on such Monthly Allocation Date, taken together with all such compensation and Administrative Expenses paid or reimbursed since the beginning of the calendar year in which such Monthly Allocation Date occurs, will not exceed $75,000 (or $125,000 in a calendar year in which a Liquidation Event occurs).

Related to CAPPED SECURITIZATION TRUST ADMINISTRATIVE EXPENSES

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Lead Securitization PSA means the Note A-1 PSA.

  • Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Non-Lead Securitization Date means the closing date of any Non-Lead Securitization.

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization Notes means Note A-1-A, Note A-1-B, Note A-1-C, Note A-1-D, Note A-1-E, Note B-1, Note B-2, Note B-3, Note B-4 and Note B-5 for so long as any such note is included in the Lead Securitization.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Lead Securitization Servicing Agreement.

  • Lead Securitization Controlling Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Non-Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Non-Lead Securitization Servicing Agreement.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Lead Securitization Note means the Note included in the Lead Securitization.

  • 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.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in May of each year, commencing in May 2020.