Mortgage Review Fee definition

Mortgage Review Fee means a non-refundable fee in the amount of Four Thousand and NO/100 Dollars ($4,000.00) per real property.
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Mortgage Review Fee shall have the meaning set forth in Section 7.5.2 of this Agreement.
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Mortgage Review Fee means a non-refundable fee in an amount equal to (i) with respect to Xxxxxxx Mac, for each Collateral Pool Property included in the Collateral as of the Closing Date, FIVE THOUSAND and NO/100 Dollars ($5,000.00) per real property payable to Xxxxxxx Mac and (ii) with respect to Servicer, (a) for the initial Collateral Pool Property included in the Collateral, TEN THOUSAND and NO/100 Dollars ($10,000.00) for such real property payable to Servicer and (b) for each subsequent Collateral Pool Property included in the Collateral (including Collateral Pool Properties included in the Collateral as of the Closing Date other than the initial Collateral Pool Property), FIVE THOUSAND and NO/100 Dollars ($5,000.00) per real property payable to Servicer. For any Collateral Pool Properties included in the Collateral after the Closing Date, Xxxxxxx Mac’s underwriting fees will be included in the Addition Fee.
Sample 1

Examples of Mortgage Review Fee in a sentence

  • Both the Mortgage Review Fee and the Seismic Report Fee, if any, shall be deemed earned upon delivery thereof, whether or not Lender approves or disapproves such real property for addition hereunder.

  • Upon Lender's receipt of the Mortgage Review Fee, the Seismic Report Fee, if and as applicable, and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

  • Lender acknowledges that, in addition to Borrower’s obligations under Section 5.1.6, Borrower has paid to Lender, as consideration for Lender’s costs in underwriting the transaction contemplated hereby, a Mortgage Review Fee and a Seismic Report Fee, if and as applicable, for each property described at Schedule 1.1(A) and proposed by Borrower to be included in the Collateral Pool on the Closing Date.

  • Upon Lender’s receipt of the Mortgage Review Fee, the Seismic Report Fee, if and as applicable, and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

  • Lender acknowledges that, in addition to Borrower's obligations under Section 5.1.6, Borrower has paid to Lender, as consideration for Lender's costs in underwriting the transaction contemplated hereby, a Mortgage Review Fee and a Seismic Report Fee, if and as applicable, for each property described at Schedule 1.1(A) and proposed by Borrower to be included in the Collateral Pool on the Closing Date.

  • If Borrower or Proposed Borrower does not satisfy Lender's objections, then such proposal shall be deemed terminated (unless Lender, in its sole discretion shall opt to extend such forty-five (45) day cure period) provided that, any such termination shall not prevent Borrower or Proposed Borrower from subsequently resubmitting a real property (together with a Mortgage Review Fee, a Seismic Report Fee, if and as applicable, and the Underwriting Materials) for addition to the Collateral Pool.

  • Lender acknowledges that, in addition to Borrower's obligations under SECTION 5.1.6, Borrower has paid to Lender, as consideration for Lender's costs in underwriting the transaction contemplated hereby, a Mortgage Review Fee and a Seismic Report Fee, if and as applicable, for each property described at SCHEDULE 1.1(A) and proposed by Borrower to be included in the Collateral Pool on the Closing Date.

Related to Mortgage Review Fee

  • Review Fee has the meaning stated in Section 4.3(b).

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • 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.

  • Loan Origination Fee means the fee charged by the

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • 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.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • 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.

  • 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.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Inspection Fee means a fee payable to Lender or Loan Servicer for performing any inspection required by this Agreement in an amount not to exceed $500.00 per inspection.

  • 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 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.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • 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.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • 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.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.