Excess Servicing Fee Right definition

Excess Servicing Fee Right. With respect to each Mortgage Loan (including an REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer shall be the owner of such Excess Servicing Fee Right.

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Excess Servicing Fee Right. With respect to each Mortgage Loan or Serviced Pari Passu Companion Loan (and any successor REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right by the applicable Master Servicer, each Master Servicer shall be the owner of such Excess Servicing Fee Right with respect to each Mortgage Loan and any Serviced Pari Passu Companion Loan (and any successor REO Mortgage Loan with respect thereto) for which it acts as Master Servicer hereunder.

Excess Servicing Fee Right means with respect to each Mortgage Loan and Serviced Companion Loan (and any successor REO Loan with respect thereto), the right to receive the related Excess Servicing Fee. In the absence of any transfer of any Excess Servicing Fee Right, the Master Servicer shall be the owner of such Excess Servicing Fee Right.

Examples of Excess Servicing Fee Right in a sentence

• The holder of an Excess Servicing Fee Right shall not have any rights under this Agreement except as set forth in the preceding sentences of this paragraph.

• By its acceptance of an Excess Servicing Fee Right, the holder thereof shall be deemed to have agreed not to use or disclose any information received in connection with its acquisition and holding of such Excess Servicing Fee Right in any manner that could result in a violation of any provision of the Securities Act or other applicable securities laws or that would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Securities Act.

• By its acceptance of an Excess Servicing Fee Right, the holder thereof shall be deemed to have agreed not to use or disclose such information in any manner that could result in a violation of any provision of the Securities Act or other applicable securities laws or that would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Securities Act.

• None of the Depositor, the Trustee or the Certificate Registrar is obligated to register or qualify an Excess Servicing Fee Right under the Securities Act or any other securities law or to take any action not otherwise required under this Agreement to permit the transfer, sale, pledge or assignment of an Excess Servicing Fee Right without registration or qualification.

• None of the Certificate Administrator, the Certificate Registrar, the Operating Advisor, the Asset Representations Reviewer, the Depositor, the Special Servicer, the Trustee or the Custodian shall have any obligation whatsoever regarding payment of the Excess Servicing Fee or the assignment or transfer of the Excess Servicing Fee Right.

More Definitions of Excess Servicing Fee Right

Excess Servicing Fee Right. With respect to the Whole Loan (and any successor Foreclosed Property with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Servicer shall be the owner of such Excess Servicing Fee Right.

Excess Servicing Fee Right. With respect to the Trust Loan (including all or any portion thereof that constitutes an REO Trust Loan), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, KeyBank National Association shall be the owner of such Excess Servicing Fee Right.

Excess Servicing Fee Right. With respect to each Mortgage Loan or Serviced Companion Loan (and any successor REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right by the Master Servicer, the Master Servicer shall be the owner of such Excess Servicing Fee Right with respect to each Mortgage Loan and any Serviced Companion Loan (and any successor REO Mortgage Loan with respect thereto).

Excess Servicing Fee Right means, with respect to each Mortgage Loan (and successor REO Loan), the right to receive Excess Servicing Fees.

Excess Servicing Fee Right. With respect to each Mortgage Loan, Serviced Pari Passu Companion Loan or the Trust Subordinate Companion Loan (and any successor REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right by the Master Servicer, the Master Servicer shall be the owner of such Excess Servicing Fee Right with respect to each Mortgage Loan, any Serviced Pari Passu Companion Loan or the Trust Subordinate Companion Loan (and any successor REO Mortgage Loan with respect thereto).

Excess Servicing Fee Right. With respect to the Mortgage Loan (including all or any portion thereof that constitutes an REO Mortgage Loan), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, Midland Loan Services, a Division of PNC Bank, National Association shall be the owner of such Excess Servicing Fee Right.

Excess Servicing Fee Right. With respect to the Mortgage Loan (including all or any portion thereof that constitutes an REO Mortgage Loan), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, Midland Loan Services, a Division of PNC Bank, National Association shall be the owner of such Excess Servicing Fee Right.