Group II Servicing Fee definition

Group II Servicing Fee. With respect to Group II, as to any Payment Date, the product of (x) one-twelfth of 0.50% and (y) the aggregate Loan Balances of the Mortgage Loans in Group II as of the opening of business on the first day of the related Remittance Period. Such Servicing Fee is retained by the Servicer pursuant to Sections 8.8(c)(i) and 8.15 hereof.
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Group II Servicing Fee. With respect to any Home Equity Loan in Group II, an amount retained by the Servicer as compensation for servicing and administration duties relating to such Home Equity Loan pursuant to Section 3.12 and equal to one month's interest at 0.50% per annum of the then outstanding principal balance of such Home Equity Loan as of the first day of each Remittance Period payable on a monthly basis, provided, however, that if a successor Servicer is appointed pursuant to Section 7.02 hereof, the Group II Servicing Fee shall be such amount as agreed upon by the Indenture Trustee, the Insurer and the successor Servicer, and the per annum rate at which the Group II Servicing Fee is calculated shall not exceed 0.50% per annum.
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Group II Servicing Fee. With respect to each Mortgage Loan in Group I and each Remittance Date, the Mortgage Loan in Group II and each Remittance Date, the product of (x) one-twelfth of the Servicing Fee Rate and product of (x) one-twelfth of the Servicing Fee Rate (y) aggregate Scheduled Principal Balance of such and (y) aggregate Scheduled Principal Balance of such Mortgage Loan as of the opening of business on the first Mortgage Loan as of the opening of business on the day of the Due Period preceding such Remittance Date. first day of the Due Period preceding such Remittance Date.
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More Definitions of Group II Servicing Fee

Group II Servicing Fee. With respect to each Mortgage Loan in Group II and each Remittance Date, the product of:
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Group II Servicing Fee. As to each Mortgage Loan in Group II and any Distribution Date, an amount equal to one month's interest at the Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the immediately preceding Distribution Date or, in the event of any payment of interest that accompanies a Principal Prepayment in full made by the Mortgagor, interest at the Servicing Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the immediately preceding Distribution Date for the period covered by such payment of interest (in each case payable from interest collections on such Mortgage Loan).
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Group II Servicing Fee. With respect to each Group II Mortgage Loan and any Distribution Date, an amount equal to the product of (i) one-twelfth of the Group II Servicing Fee Rate and (ii) the applicable Stated Principal Balance of such Group II Mortgage Loan as of the last day of the calendar month preceding the month in which such Distribution Date occurs. Such fee shall be payable monthly, and shall be pro rated for any portion of a month during which the Group II Mortgage Loan is serviced by the Group II Servicer under this Agreement. The Group II Servicing Fee is payable solely from the interest portion (including recoveries with respect to interest from Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds and proceeds received with respect to REO Properties, to the extent permitted by Section 3.11) of such Scheduled Payment collected by the Group II Servicer or as otherwise provided under Section 3.11.
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Group II Servicing Fee. With respect to each Mortgage Mortgage Loan in Group I and each Remittance Date, Loan in Group II and each Remittance Date, the product the product of (x) one-twelfth of the Servicing Fee of (x) one-twelfth of the Servicing Fee Rate and (y) Rate and (y) aggregate Scheduled Principal Balance aggregate Scheduled Principal Balance of such Mortgage of such Mortgage Loan as of the opening of business Loan as of the opening of business on the first day of on the first day of the Due Period preceding such the Due Period preceding such Remittance Date. Remittance Date. "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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Group II Servicing Fee. With respect to each Home Equity Loan in Loan Group II, the sum of the amount retained by the Servicer as compensation for servicing and administration duties relating to each such Home Equity Loan pursuant to Section 8.15 and equal to, with respect to each such Home Equity Loan, the Servicing Fee Rate times the then outstanding principal amount of such Home Equity Loan as of the first day of each calendar month payable on a monthly basis.
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Related to Group II Servicing Fee

  • 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.

  • Servicing Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Collection Period.

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

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

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.

  • 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.

  • Excess Servicing Fee For each calendar month, as to each Mortgage Loan, the portion of the related Excess Servicing Fee Rate applicable to such month (determined in the same manner as the applicable Mortgage Rate determined for such Mortgage Loan for such month) multiplied by the Scheduled Principal Balance of such Mortgage Loan immediately before the Due Date occurring in such month, but prorated for the number of days during the calendar month for such Mortgage Loan for which interest actually accrues on such Mortgage Loan and only from collections on such Mortgage Loan.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Total Servicing Fee means the sum of the Basic Servicing Fee and the Supplemental Servicing Fee.

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

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

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

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

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.