Interim Servicing Fee definition

Interim Servicing Fee. As to each Mortgage Loan Package, the amount of the fee the Purchaser shall pay to the Seller for servicing the Mortgage Loans in accordance with the terms of this Agreement, which shall, with respect to each Mortgage Loan, be equal to $6.00 per calendar month.

Interim Servicing Fee shall have the meaning given in the Contribution Agreement. Agreement.

Interim Servicing Fee. With respect to each Mortgage Loan, the amount of the servicing fee the Purchaser shall pay to the Company, which shall, for each month, be equal to $12.00 per Mortgage Loan per month plus. Such fee shall be payable monthly. If the Interim Servicing Period includes any partial calendar month, the Interim Servicing Fee for such month shall be pro rated at a per diem rate based upon a 30-day month. For each Mortgage Loan, such servicing fee will be payable solely from amounts representing interest actually received by the Company from the related Mortgagor.

Examples of Interim Servicing Fee in a sentence

• Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period).

• With respect to each Mortgage Loan, the Purchaser shall be entitled to (1) all payments and/or recoveries of principal collected after the related Cut-off Date, and (2) all payments of interest on such Mortgage Loan collected after the Cut-off Date, net of the related Interim Servicing Fee.

• During the related Interim Servicing Period, the Seller shall be entitled to retain from payments received by it on the Mortgage Loans the related Interim Servicing Fee and shall be entitled to retain all Ancillary Fees to which Seller is entitled.

• The Interim Servicing Fee with respect to each Group of Loans will be calculated, earned and due as of the first day of each Due Period in which the Initial Member provides interim servicing with respect to such Group of Loans and will be payable on each Distribution Date pursuant to the provisions of the Custodial and Paying Agency Agreement.

• For the avoidance of doubt, any such Interim Servicing Fee payable prior to the last Servicing Transfer Date shall be net of any servicing fees payable to Existing Servicers and offset by them against Loan Proceeds.

More Definitions of Interim Servicing Fee

Interim Servicing Fee. The meaning given to such term in the Interim Servicing Agreement.

Interim Servicing Fee means the fee to be paid by the Company to the Initial Member for the provision of interim servicing on behalf of the Company with respect to the Loans for the period beginning on the day after the Cut-Off Date and ending, with respect to each Loan, on the Servicing Transfer Date for such Loan. The Interim Servicing Fee for each Due Period with respect to each Group of Loans will be calculated, earned and due as of the first day of each Due Period in which the Initial Member provides interim servicing with respect to such Group of Loans by multiplying (i) the Unpaid Principal Balance of such Group of Loans calculated as of the first day of such Due Period by (ii) 0.25 percent (0.25%) by (iii) a fraction, the numerator of which is the number of days in the respective Due Period (whether or not the Servicing Transfer Date occurs within such Due Period) and the denominator of which is 360.

Interim Servicing Fee means, with respect to each Due Period during the Interim Servicing Period (or commencing during such Interim Servicing Period), a fee payable by the Company to the Transferor (including as the Initial Member) (for the provision of interim Servicing on behalf of the Company) for each Group of Assets for which the Servicing Transfer Date has not yet occurred as of the first day of such Due Period, which fee shall be calculated and earned as of the first day of such Due Period (and payable on the applicable Distribution Date for such Due Period in accordance with the Custodial and Paying Agency Agreement), and be in the following amounts:

Interim Servicing Fee has the meaning set forth in Section 2.01(h).

Interim Servicing Fee. With respect to each Mortgage Loan, the amount of the annual fee the Purchaser shall pay to the Interim Servicer on each Remittance Date, which shall, for a period of one full month, be equal to one twelfth of the product of (a) the Interim Servicing Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of such month. Such fee shall be payable monthly, computed on the basis of the outstanding principal amount and period respecting which any related interest payment on a Mortgage Loan is computed and, which amount shall be prorated for any portion of a month during which the Mortgage Loan is serviced by the Interim Servicer pursuant to this Agreement. Interim Servicing Fee Rate: 0.25% per annum or such other fee as set forth in the related Purchase Price and Terms Agreement.

Interim Servicing Fee means an amount per day equal to 1/360th of 0.40% of the aggregate Unpaid Principal Balance of the Transferred CIT Bank 504 Loans and the Transferred CIT Bank Commercial Loans from and including the date immediately following the Cut-Off Time through and including the Closing Date.

Interim Servicing Fee means, with respect to each Due Period during the Interim Servicing Period (or commencing during such Interim Servicing Period), a fee payable by the Company to the Transferor (including as the Initial Member) (for the provision of interim Servicing on behalf of the Company) for each Group of Assets for which the Servicing Transfer Date has not yet occurred as of the first day of such Due Period, which fee shall be calculated and earned as of the first day of such Due Period (and payable on the applicable Distribution Date for such Due Period in accordance with the Custodial and Paying Agency Agreement), and which fee shall be (i) with respect to Loans (other than, for the avoidance of doubt, Acquired Property), in the amount determined by multiplying (x) the Unpaid Principal Balance of the Loans (other than, for the avoidance of doubt, Acquired Property) in such Group of Assets calculated as of the first day of such Due Period by (y) 0.375%, and by (z) a fraction, the numerator of which is the number of days in the respective Due Period and the denominator of which is three hundred and sixty, and (ii) with respect to Acquired Property, in an amount determined by multiplying (x) the Net Fair Value of the Acquired Property in such Group of Assets calculated as of the first day of such Due Period by (y) 0.375%, and by (z) a fraction, the numerator of which is the number of days in the respective Due Period and the denominator of which is three hundred sixty.