Excess Servicing Strip definition

Excess Servicing Strip. With respect to each Trust Mortgage Loan and Trust REO Loan, that portion of the Master Servicing Fee for such Mortgage Loan or REO Loan that represents interest accrued at the related Excess Servicing Strip Rate.

Excess Servicing Strip. With respect to any Trust Mortgage Loan or REO Trust Mortgage Loan, the portion of the related Master Servicing Fee (which portion shall not include that portion payable to any Sub-Servicer party to a Sub-Servicing Agreement dated the date hereof) that accrues at the related Excess Servicing Strip Rate in effect from time to time, subject to reduction by the Trustee in accordance with Section 3.11(a).

Excess Servicing Strip means any transaction consisting of the sale of excess servicing fees, or any interest therein to a third party in the ordinary course of business, or any similar transaction.

Examples of Excess Servicing Strip in a sentence

• Includes 1,834 shares of common stock and 7,501 deferred stock units.

• Within ninety (90) calendar days after the Closing Date, the Buyer (under the direction and supervision of the Special Committee) shall cause to be prepared and delivered to the Seller a statement (the “Closing Statement”) setting forth, as of the Reference Time, the Net Working Capital, the Closing Acquired Servicing Portfolio, the Weighted Average Servicing Fee, the Excess Servicing Strip and the Freddie Mac I/O Strip, and the components thereof.

• The Fannie Mae approval must (i) permit the assignment to and assumption by the Buyer, or one of its affiliates, of the Seller’s rights, obligations and liabilities relating to the various agreements it has with Fannie Mae that allow the Seller to underwrite, originate and sell loans to, and service loans for, Fannie Mae and (ii) acknowledge and permit the transfer to another affiliate of the Buyer, of that portion of the Excess Servicing Strip related to the Fannie Mae servicing portfolio.

• Servicing Fee and the Final Closing Excess Servicing Strip and Freddie Mac I/O Strip, respectively, absent manifest error or fraud.

• The Fannie Mae approval must (i) permit the assignment to and assumption by the Buyer, or one of its affiliates, of the Seller's rights, obligations and liabilities relating to the various agreements it has with Fannie Mae that allow the Seller to underwrite, originate and sell loans to, and service loans for, Fannie Mae and (ii) acknowledge and permit the transfer to another affiliate of the Buyer, of that portion of the Excess Servicing Strip related to the Fannie Mae servicing portfolio.

More Definitions of Excess Servicing Strip

Excess Servicing Strip. The excess of the Servicing Fee Rate over 0.005% (0.50 basis points) per annum, subject to reduction by the Trustee pursuant to Section 3.12(a).

Excess Servicing Strip means that portion of the servicing fee paid to the Seller to service the Acquired Servicing Portfolio which is in excess of the reasonable compensation for such servicing duties and obligations, as determined in accordance with the Code.

Excess Servicing Strip. With respect to any Group 2 Loan that has not become a Specially Serviced Group 2 Loan, that portion of the related Sub-Servicing Fee computed at a rate equal to the excess of (a) 0.25% (25 basis points) per annum over (b) 0.14% (14 basis points) per annum. With respect to any Group 2 Loan that has become a Specially Serviced Group 2 Loan, that portion of the related Sub-Servicing Fee computed at a rate equal to the excess of (a) 0.75% (75 basis points) per annum over (b) 0.64% (64 basis points) per annum.

Excess Servicing Strip. The excess of the Servicing Fee Rate over [___]% ([__] basis points) per annum.

Excess Servicing Strip. With respect to any GSMC Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto, the portion of the related Master Servicing Fee (which portion shall not include that portion payable to any Sub-Servicer party to a Sub-Servicing Agreement dated the date hereof or payable to a Broker with respect to a Broker Strip Loan) that accrues at the related Excess Servicing Strip Rate in effect from time to time, subject to reduction by the Trustee in accordance with Section 3.11(a).

Excess Servicing Strip. An uncertificated REMIC "regular interest" in the REMIC, represented by the right of the Excess Servicing Strip Holder to receive distributions with respect to such interest pursuant to Section 3.27 hereof.

Excess Servicing Strip. ’ means that portion of the servicing fee paid to the Seller to service the Acquired Servicing Portfolio which is in excess of the reasonable compensation for such servicing duties and obligations, as determined in accordance with the Code.