Class A Monthly Servicing Fee definition

Class A Monthly Servicing Fee means, with respect to any Distribution Date, one-twelfth of the product of the Series Servicing Fee Percentage and the Class A Adjusted Invested Amount on the last day of the preceding Monthly Period; provided, however, that with respect to the initial Monthly Period the Class A Monthly Servicing Fee shall be $431,507.
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Class A Monthly Servicing Fee shall have the meaning specified in Section 3.01.
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Class A Monthly Servicing Fee means, with respect to any ----------------------------- Distribution Date, one-twelfth of the product of the Series Servicing Fee Percentage and the Class A Adjusted Invested Amount on the last day of the preceding Monthly Period; provided, however, that with respect to the initial -------- ------- Monthly Period the Class A Monthly Servicing Fee shall be $143,836.
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Examples of Class A Monthly Servicing Fee in a sentence

  • The amount of the Class A Monthly Servicing Fee for the prior Monthly Period is .

  • The share of the Servicing Fee for each Monthly Period allocable to the Class A Certificates shall be equal to one-twelfth of the product of the Series Servicing Fee Percentage and the Class A Adjusted Invested Amount on the last day of the preceding Monthly Period (the "Class A Monthly Servicing Fee").

  • Notwithstanding Section 3.02 of the ------------- Agreement, the Monthly Servicing Fee shall equal the sum of the Class A Monthly Servicing Fee, the Class B Monthly Servicing Fee, the Collateral Interest Monthly Servicing Fee and the Subordinated Transferor Monthly Servicing Fee.

  • With respect to any Distribution Date, the Class A Monthly Servicing Fee will equal one-twelfth of the product of 2.00% per annum and the Class A Adjusted Investor Interest as of the last day of the preceding Monthly Period; provided that the Class A Monthly Servicing Fee for the first Distribution Date will be an amount equal to one-twelfth of the product of 2.00% and the Class A Initial Investor Interest, multiplied by 2/30.


More Definitions of Class A Monthly Servicing Fee

Class A Monthly Servicing Fee means (a) with respect to the Monthly Period preceding the first Transfer Date, zero, and (b) with respect to any subsequent Monthly Period, one-twelfth of the product of 2.00% and the Class A Adjusted Investor Interest on the last day of the preceding Monthly Period.
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Class A Monthly Servicing Fee means, with respect to any Distribution Date, the product of (i) the Investor Monthly Servicing Fee for such Distribution Date and (ii) the Class A Floating Allocation with respect to the most recently ended Due Period.
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Class A Monthly Servicing Fee means, with respect to any ----------------------------- Distribution Date, one twelfth of the product of 2.00% and the Class A Invested Amount on the last day of the second preceding Collection Period (or in the case of the first Distribution Date, the initial principal amount of the Class A Certificates).
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Class A Monthly Servicing Fee means (a) with respect to the first ----------------------------- Transfer Date, [an amount equal to the sum of (i) one-twelfth of the product of 2.00% and the Class A Initial Investor Interest, multiplied by [ ]/30, plus (ii) ---- the Class A Monthly Servicing Fee (calculated pursuant to clause (b) of this definition) for the full October 1999 Monthly Period] and (b) with respect to any subsequent Transfer Date, one-twelfth of the product of 2.00% and the Class A Adjusted Investor Interest on the last day of the preceding Monthly Period.
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Related to Class A Monthly Servicing Fee

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

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • 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.

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • 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.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Total Servicing Fee means the sum of the Basic Servicing Fee and the Supplemental Servicing Fee.

  • 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.

  • Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.

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

  • 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.

  • Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • Excess Servicing Fee For each calendar month, as to each Mortgage Loan, the portion of the related Excess Servicing Fee Rate applicable to such month (determined in the same manner as the applicable Mortgage Rate determined for such Mortgage Loan for such month) multiplied by the Scheduled Principal Balance of such Mortgage Loan immediately before the Due Date occurring in such month, but prorated for the number of days during the calendar month for such Mortgage Loan for which interest actually accrues on such Mortgage Loan and only from collections on such Mortgage Loan.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • 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.

  • Master Servicing Fee Rate With respect to each Mortgage Loan, ____% per annum.

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

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

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Servicing Fees With respect to each Mortgage Loan and REO Loan, the Master Servicing Fee and the Special Servicing Fee.