Custodial Fee definition

Custodial Fee means a fee payable by the Borrower to the Custodian as set forth in the Custodial Fee Letter.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Custodial Fee. The monthly fee paid to the Custodian for its services rendered, which will be paid by the Master Servicer from the Master Servicing Fee.

Custodial Fee. The monthly fee payable to the Custodian for its services rendered under the BONY Custodial Agreement as determined pursuant to a separate letter agreement between the Custodian and the Trustee.

Examples of Custodial Fee in a sentence

• The Custodian reserves the right to change all or part of the Custodial Fee Schedule at its discretion with 30 days advance notice.

• The Custodial Fee may be paid by the Contributor or Responsible Individual at account opening or subsequently with respect to any calendar year.

• If the Custodial Fee is not paid at account opening or if it is not paid by the date in a given calendar year that the Custodian sets for collection of the Custodial Fee, the Custodian is authorized to deduct the Custodial Fee from the ▇▇▇▇▇▇▇▇▇ ESA Account when it is due, or, if earlier in a given calendar year, the date the ▇▇▇▇▇▇▇▇▇ ESA Account is closed.

• The Custodian reserves the right to change the Custodial Fee, but will give at least 30 days written notice to the Responsible Individual.

• Initial Set Up or Acceptance Fee No Charge • Annual Maintenance Fee No Charge • Spousal Annual Maintenance Fee No Charge • Premature Distribution Fee No Charge • Transfer See your Customer Information Brochure • Termination Fee $25.00 The Custodial Fee Schedule for Standard Assets will apply to any Hilltop Securities Inc.

More Definitions of Custodial Fee

Custodial Fee. With respect to each Mortgage Loan, the amount set forth on the related Funding Confirmation as the "Custodial Fee."

Custodial Fee. As defined in Section 6.11.

Custodial Fee. The amount payable to the Custodian on each Distribution Date as compensation for all services rendered by it under the Custodial Agreement which amount shall equal one twelfth of the product of (i) the Custodial Fee Rate (without regard to the words “per annum”), multiplied by (ii) the aggregate Principal Balance of the Mortgage Loans (after giving effect to scheduled payments of principal due during the Due Period relating to the previous Distribution Date, to the extent received or advanced and prepayments collected during the Prepayment Period relating to the previous Distribution Date).

Custodial Fee. The fees and expenses as set forth in the Custodial Agreement.

Custodial Fee. With respect to any Distribution Date, an amount equal to the product of (a) one-twelfth of the Custodial Fee Rate and (b) the sum of (i) the Stated Principal Balance of the Mortgage Loans as of the prior Distribution Date (or as of the Cut-off Date in the case of the first Distribution Date) and (ii) the Pre-Funding Amount.

Custodial Fee. With respect to each Repurchase, a fee payable to Purchaser by the related Seller in the amount set forth on the related Funding Confirmation, and remitted to Purchaser on the related Repurchase Date as a component of the related Repurchase Price .

Custodial Fee. The amount payable to the Custodian on each Distribution Date by the Trustee pursuant to Section 8.05 as compensation for all services rendered by it under the Custodial Agreement and the fee schedule included therein.