Master Servicer Fee definition

Master Servicer Fee. With respect to any Mortgage Loan and any Distribution Date, the fee payable to the Master Servicer pursuant to Section 6.06 equal to the product of (a) 1/12th of the Master Servicer Fee Rate and (b) the principal balance of such Mortgage Loan immediately prior to such Distribution Date.

Master Servicer Fee. Shall have the meaning set forth in the Trust Agreement.

Master Servicer Fee. As to each Home Loan (including any Home Loan that has been foreclosed and has become a Foreclosure Property, but excluding any Liquidated Home Loan), the fee payable monthly to the Master Servicer on each Payment Date, which shall equal the product of (a) one-twelfth (1/12) of _______ % (___ basis points) and (b) the Principal Balance of such Home Loan as of the beginning of the immediately preceding Due Period.

Examples of Master Servicer Fee in a sentence

• In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that in no event shall the Master Servicer Fee paid to such successor master servicer exceed that paid to the Master Servicer hereunder.

• The Master Servicer shall be entitled to receive the Master Servicer Fee as compensation for services rendered by the Master Servicer under this Agreement.

• The Master Servicer shall pay itself such Master Servicer Fee monthly from amounts on deposit in the Certificate Account.

• If, pursuant to any provision hereof, the duties of the Master Servicer are transferred to a successor master servicer, the entire amount of the Master Servicing Fees and other compensation payable to the Master Servicer pursuant hereto shall thereafter be payable to such successor master servicer but in no event shall the Master Servicer Fee payable to the successor master servicer exceed that payable to the predecessor master servicer.

• As compensation for its services hereunder, the Master Servicer shall be entitled to receive from the Note Payment Account the Master Servicer Fee.

More Definitions of Master Servicer Fee

Master Servicer Fee. With respect to any Distribution Date, all income and gain realized from the investment of funds in the Master Servicer Account during the period from and including the Master Servicer Remittance Date in the calendar month immediately preceding the month in which such Distribution Date occurs, to but excluding the Master Servicer Remittance Date relating to such Distribution Date.

Master Servicer Fee. With respect to each Mortgage Loan and for any Payment Date, an amount equal to one-twelfth of the product of (a) the Master Servicing Fee Rate and (b) the Stated Principal Balance of each Mortgage Loan as of the Due Date in the preceding calendar month, calculated on the basis of a 360-day year consisting of twelve 30-day months. The Master Servicer Fee includes the fee payable to the Primary Servicer.

Master Servicer Fee. With respect to any Distribution Date, 1/12 times 0.08% times the Pool Principal Balance as of the opening of business on the first day of the month preceding the month of such Distribution Date (or, with respect to the first Distribution Date, the Initial Pool Principal Balance).

Master Servicer Fee. An amount equal to the product of (x) the aggregate outstanding Loan Balance as of the last day of the related Collection Period and (y) the Master Servicer Fee Rate.

Master Servicer Fee. With respect to each Mortgage Loan and Distribution Date, the amount of the fee payable to the Master Servicer, which shall, for such Distribution Date, be equal to one-twelfth of the product of the Master Servicer Fee Rate with respect to such Mortgage Loan and the Stated Principal Balance of such Mortgage Loan. Such fee shall be payable monthly, computed on the basis of the same Stated Principal Balance and period respecting which any related interest payment on a Mortgage Loan is computed.

Master Servicer Fee. With respect to any Distribution Date and Loan Group, 1/12 times 0.08% times the Aggregate Principal Balance of such Loan Group as of the opening of business on the first day of the month preceding the month of such Distribution

Master Servicer Fee. With respect to any Distribution Date, shall be an amount equal to (a) one-twelfth of the product of (x) Master Servicing Fee Rate and (y) the Scheduled Principal Balance of the Mortgage Loans as of the first day of the related Due Period and (b) all income and gain realized from the investment of funds in the Master Servicer Account during the period from and including the Master Servicer Remittance Date in the calendar month immediately preceding the month in which such Distribution Date occurs, to but excluding the Master Servicer Remittance Date relating to such Distribution Date. Master Servicer Fee Rate: 0.015% per annum.