Liquidation Fees definition

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

Liquidation Fees has the meaning set forth in the Servicing Agreement.

Liquidation Fees means, in the event of any prepayment of a Loan owing to a Lender, and for the Interest Period during which such Loan was prepaid, the amount, if any, by which (i) interest would have accrued for each day during such Interest Period on the reduction of the principal amount of such Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Lender from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Paying Agent on behalf of the affected Lender to Company and Administrative Agent and shall be conclusive and binding for all purposes, absent manifest error.

Examples of Liquidation Fees in a sentence

• The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(l) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Mortgage Loan Seller.

• The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(k) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Mortgage Loan Seller.

• All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis.

• The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4.1.12 above attributable to the Asset Review of such Mortgage Loan.

• For clarification, no obligation of the Master Servicer or the Special Servicer to use reasonable efforts to collect fees from the related Mortgagor will change the obligation of the Master Servicer to pay such fees from general collections or other proceeds in accordance with Section 3.06(a) and Section 3.06A(a) of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation Fees are collected from or paid by the related Mortgagor.

More Definitions of Liquidation Fees

Liquidation Fees has the meaning set forth in the Trust Agreement.

Liquidation Fees means reimbursement for the costs and expenses for time and effort to sell or otherwise liquidate a Financed Vehicle after default and repossession.

Liquidation Fees means, in the event of any prepayment of a Class A Revolving Loan pursuant to Section 2.11(c)(vii)(B) owing to a Class A Revolving Lender, and for the Interest Period during which such Class A Revolving Loan was prepaid, the amount, if any, by which (i) interest would have accrued at the Cost of Funds Rate for each day during such Interest Period on the reduction of the principal amount of such Class A Revolving Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Class A Revolving Lender from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Class A Managing Agent on behalf of the affected Class A Revolving Lender to Company and Paying Agent and shall be conclusive and binding for all purposes, absent manifest error.

Liquidation Fees means, in the event of any prepayment of a Revolving Loan pursuant to Section 2.11(c)(vii)(B) owing to a Class A Revolving Lender or a Class B Revolving Lender, as applicable, and for the Interest Period during which such Revolving Loan was prepaid, the amount, if any, by which (i) interest would have accrued at the Cost of Funds Rate, with respect to any Class A Revolving Loan that was so prepaid, or the Alternative Rate, with respect to any Class B Revolving Loan that was so prepaid, for each day during such Interest Period on the reduction of the principal amount of such Revolving Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Class A Revolving Lender or Class B Revolving Lender, as applicable, from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Class A Managing Agent on behalf of the affected Class A Revolving Lender, or the Class B Agent on behalf of the affected Class B Revolving Lender, as applicable, to Company and Paying Agent and shall be conclusive and binding for all purposes, absent manifest error.

Liquidation Fees paid with respect to the Mortgage Loan and any related Serviced Companion Mortgage Loan or B Note) that are reimbursable or payable to the Master Servicer, the Special Servicer, the Paying Agent, the Trustee, the Fiscal Agent, any Non-Serviced Mortgage Loan Master Servicer or any Non-Serviced Mortgage Loan Special Servicer, plus (D) if such Mortgage Loan or REO Mortgage Loan is being repurchased or substituted for by a Seller pursuant to the related Mortgage Loan Purchase Agreement, all expenses reasonably incurred or to be incurred by the Primary Servicer, the Master Servicer, the Special Servicer, the Depositor, the Paying Agent or the Trustee in respect of the Material Breach or Material Document Defect giving rise to the repurchase or substitution obligation (and that are not otherwise included in (C) above).

Liquidation Fees. As defined in the Property Management Agreement.

Liquidation Fees has the meaning set forth in the Control Party Agreement.