Group I Servicing Fee Rate definition

Group I Servicing Fee Rate. With respect to each Mortgage Loan in Group I, the fixed per annum rate payable to the Servicer as set out on Schedule IA to this Agreement.
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Group I Servicing Fee Rate. With respect to each "Group II Servicing Fee Rate": With respect to each Mortgage Loan in Group I, the fixed per annum rate Mortgage Loan in Group II, the fixed per annum rate payable to the Servicer as set out on Schedule IA payable to the Servicer as set out on Schedule IB to to this Agreement. this Agreement.
Sample 1
Group I Servicing Fee Rate. With respect to each Group I Mortgage Loan, 0.50% per annum. Group I Specified Overcollateralized Amount: Prior to the Stepdown Date, an amount equal to 4.15% of the Group I Cut-off Date Pool Principal Balance. On and after the Group I Stepdown Date, an amount equal to 8.30% of the aggregate Stated Principal Balance of the Group I Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of Group I Offered Certificates (other than the Class I-A-IO Certificates) and the Class I-B-1 Certificates has been reduced to zero, to a minimum amount equal to the Group I Overcollateralization Floor; provided, however, that if, on any Distribution Date, a Group I Trigger Event has occurred, the Group I Specified Overcollateralized Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Group I Mortgage Loans until the Distribution Date on which a Group I Trigger Event is no longer occurring.
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More Definitions of Group I Servicing Fee Rate

Group I Servicing Fee Rate. With respect to each "GROUP II SERVICING FEE RATE": With respect to each Mortgage Loan in Group I, the fixed per annum rate Mortgage Loan in Group II, the fixed per annum rate payable to the Servicer as set out on Schedule IA payable to the Servicer as set out on Schedule IB to to this Agreement. this Agreement. "Group I Stepdown Date": With respect to Group I, "GROUP II STEPDOWN DATE": With respect to Group II, the the earlier to occur of (i) the later to occur of earlier to occur of (i) the later to occur of (A) the (A) the Distribution Date in July 2002 and (B) the Distribution Date in July 2002 and (B) the first first Distribution Date on which the Group I Class Distribution Date on which the Group II Class A A Certificate Principal Balance immediately prior Certificate Principal Balance immediately prior to such to such Distribution Date (less the Group I Distribution Date (less the Group II Principal Funds for Principal Funds for such Distribution Date) is less such Distribution Date) is less than or equal to 58.00% than or equal to 72.00% of the Scheduled Principal of the Scheduled Principal Balances of Group II and (ii) Balances of Group I and (ii) the Distribution Date the Distribution Date on which the Group II Class A on which the Group I Class A Certificate Principal Certificate Principal Balance has been reduced to zero. Balance has been reduced to zero. "Group I Subordinated Certificates": The Class "GROUP II SUBORDINATED CERTIFICATES": The Class MV-1, MF-1, Class MF-2, Class BF-1 and Class BF-1A Class MV-2, Class BV-1 and Class BV-1A Certificates. Certificates.
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Related to Group I Servicing Fee Rate

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

  • 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.”

  • Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Trustee Fee Rate 0.0025% per annum.

  • Series Servicing Fee Percentage means 2.0%.

  • Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Certificate Administrator Fee Rate 0.0031% per annum.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

  • Custodian Fee Rate As to any Distribution Date, the applicable Custodian Fee for such Distribution Date, converted to a per annum rate on (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Interest Accrual Period and (ii) with respect to the Determination Date in July 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis).

  • Operating Advisor Fee Rate With respect to each Interest Accrual Period, a rate equal to 0.00125% per annum.

  • Program Fee Rate has the meaning set forth in the Fee Letter.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

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

  • Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.

  • Indenture Trustee Fee Rate means the per annum rate at which the Indenture Trustee Fee is calculated.

  • Expense Fee Rate As to each Mortgage Loan, the sum of (a) the related Servicing Fee Rate and (b) the Trustee Fee Rate.

  • L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.

  • 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.

  • 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.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.