Credit Risk Manager Fee definition

Credit Risk Manager Fee. The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

Credit Risk Manager Fee. With respect to any Distribution Date, an amount equal to the Credit Risk Manager Fee Rate accrued for one month on the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Due Period.

Credit Risk Manager Fee. The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any of the powers and duties of the Credit Risk Manager under the Credit Risk Management Agreement and any other agreement pursuant to which the Credit Risk Manager is to perform any duties with respect to the Mortgage Loans, which amount shall equal one twelfth of the product of (i) the Credit Risk Manager Fee Rate (without regard to the words “per annum”) and (ii) the aggregate Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

Examples of Credit Risk Manager Fee in a sentence

• After any such termination, the Credit Risk Manager shall have no further obligations hereunder, and shall no longer be entitled to the Credit Risk Manager Fee.

• The Credit Risk Manager shall be entitled to compensation from the Trust equal to the Credit Risk Manager Fee.

• The calculation of the Trustee Fee, the Servicing Fee, the Credit Risk Manager Fee, the Credit Insurance Provider Fee and interest on the Class A-3, Class M-1, Class M-2, Class M-3, Class M-4, Class M-6, Class M-7, Class M-8, Class M-9F, Class B-1, Class B-2, Class P, Class A-R, Class A-RL, Class X-1 and Class X-S Certificates and on the related Uncertificated Interests shall be made on the basis of a 360-day year consisting of twelve 30-day months.

• The calculation of the Servicing Fee payable to each Servicer and the Master Servicing Fee and the Credit Risk Manager Fee shall be made on the basis of a 30-day month and a year assumed to consist of 360 days.

• No later than 11:00 AM Eastern Time on each Distribution Date, the Securities Administrator shall furnish instructions to the Trustee reporting the amount of the related Interest Remittance Amount and the amount of the related Credit Risk Manager Fee, and instructing the Trustee as to how to apply such Interest Remittance Amount in accordance with clauses (i) through (viii) below.

More Definitions of Credit Risk Manager Fee

Credit Risk Manager Fee for any Distribution Date is the premium payable to the Credit Risk Manager at the Credit Risk Manager Fee Rate on the then current aggregate principal balance of the Mortgage Loans.

Credit Risk Manager Fee. The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any of the powers and duties of the Credit Risk Manager under the Credit Risk Management Agreement, which amount shall equal one twelfth of the product of (i) the Credit Risk Manager Fee Rate and (ii) the aggregate Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

Credit Risk Manager Fee. As to each Mortgage Loan and any Distribution Date, an amount equal to one month's interest at the Credit Risk Manager Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date). Credit Risk Manager Fee Rate: 0.0175% per annum.

Credit Risk Manager Fee. With respect to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one twelfth, (b) the Credit Risk Manager Fee Rate and (c) the Scheduled Principal Balance of such Mortgage Loan as of the first day of the related Collection Period.

Credit Risk Manager Fee. For any Distribution Date, an amount equal to one-twelfth of the Credit Risk Manager Fee Rate (without regard to the words “per annum” in the definition thereof) multiplied by the Scheduled Principal Balance of the Mortgage Loans as of the first Business Day of the month in which the Distribution Date occurs. Credit Risk Manager Fee Rate: 0.011% per annum.

Credit Risk Manager Fee. Rate: 0.0175% per annum with respect to the Ocwen Serviced Loans and Wilshire Serviced Loans and 0.000% per annum with respect to the Washington Mutual Serviced Loans. CSFB: Credit Suisse First Boston Corporation, a Delaware corporation, and its successors and assigns.

Credit Risk Manager Fee. As to each Mortgage Loan and any Distribution Date, an amount equal to one month’s interest at the Credit Risk Manager Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month of such Distribution Date (prior to giving effect to any Scheduled Payments due on such Mortgage Loan on such Due Date). Credit Risk Manager Fee Rate: 0.0175% per annum. Credit Suisse: Credit Suisse Securities (USA) LLC, a Delaware limited liability company, and its successors and assigns.