Group II Servicing Fee Rate definition

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 to this payable to the Servicer as set out on Schedule IB to Agreement. this Agreement.
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Group II Servicing Fee Rate. With respect to each Group II Mortgage Loan, 0.50% per annum. Group II Specified Overcollateralized Amount: Prior to the Stepdown Date, an amount equal to 8.80% of the Group II Cut-off Date Pool Principal Balance. On and after the Group II Stepdown Date, an amount equal to 17.60% of the aggregate Stated Principal Balance of the Group II Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of Group II Offered Certificates has been reduced to zero, to a minimum amount equal to the Group II Overcollateralization Floor; provided, however, that if, on any Distribution Date, a Group II Trigger Event has occurred, the Group II Specified Overcollateralized Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Group II Mortgage Loans until the Distribution Date on which a Group II Trigger Event is no longer occurring.
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More Definitions of Group II Servicing Fee Rate

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 II Servicing Fee Rate

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

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

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

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

  • 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.

  • 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.

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

  • Series Servicing Fee Percentage means 2.0%.

  • Trustee Fee Rate 0.0025% per annum.

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

  • 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%.

  • 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.

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

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

  • Program Fee Rate is defined in the Fee Letter.

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

  • Operating Advisor Fee Rate With respect to each Interest Accrual Period, a rate equal to 0.00125% per annum with respect to each Mortgage Loan (or any successor REO Mortgage Loan with respect thereto).

  • 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.

  • 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.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

  • 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 May 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis), but in no event shall the Custodian Fee Rate be less than 0.0035%.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • 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.