Net Servicing Fee definition

Net Servicing Fee shall have the meaning specified in subsection 3(a) of this Series Supplement.
Sample 1Sample 2Sample 3
Net Servicing Fee. As defined in the Purchase and Sale Agreement.
Sample 1Sample 2Sample 3
Net Servicing Fee shall have the meaning specified in Section 3.01 hereof.
Sample 1Sample 2Sample 3

Examples of Net Servicing Fee in a sentence

  • Net Servicing Fee Rate: The weighted average of the servicing fee rates for the Mortgage Loans, weighted on the basis of the respective principal balances of such Mortgage Loans as of the Sale Date or Subsequent Sale Date.

  • Purchase Price: The product of (i) the Bid Multiple, (ii) the Net Servicing Fee Rate, and (iii) the unpaid principal balance of the Mortgage Loans as to which the related Mortgage Servicing Rights are sold on the Sale Date or a Subsequent Sale Date.

  • The Servicing Fee with respect to each Mortgage Loan equals the product of the Net Servicing Fee Percentage and the then outstanding principal balance of such Mortgage Loan, if and to the extent payable under the applicable Servicing Agreement.


More Definitions of Net Servicing Fee

Net Servicing Fee means, with respect to any Collection Period, the Servicing Fee for that Collection Period minus the Netted Receivables Servicer Servicing Fee Amount for that Collection Period.
Sample 1Sample 2Sample 3
Net Servicing Fee means, with respect to any collection period, the Servicing Fee for that collection period minus the Netted Receivables Servicer Servicing Fee Amount for that collection period.
Sample 1Sample 2Sample 3
Net Servicing Fee. The amount payable to the Servicer under the applicable Servicing Agreement related to a Mortgage Loan as consideration for servicing the Mortgage Loan as of the applicable Sale Date, net of guaranty fees, any lender paid mortgage insurance premiums, any excess servicing fees or other amounts of the gross Servicing Compensation not retained by the Servicer.
Sample 1
Net Servicing Fee shall have the meaning specified in subsection 3(a) of this Series Supplement. "Net Servicing Fee Rate" shall mean (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. "Nominal Liquidation Amount," with respect to any tranche of Notes, shall have the meaning specified in the Indenture. "Note" or "Notes" shall mean each Note or the Notes (as defined in the Indenture) secured by the Certificate. "Outstanding" shall have the meaning specified in the Indenture. "Pay Out Commencement Date" shall mean the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.
Sample 1

Related to Net Servicing Fee

  • 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.

  • Servicing Fee means the fee payable to the Servicer for services rendered during each Collection Period, determined pursuant to Section 4.08 of the Sale and Servicing Agreement.

  • 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.

  • 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.

  • 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.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • 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.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Excess Servicing Fee For each calendar month, as to each Mortgage Loan, the portion of the related Excess Servicing Fee Rate applicable to such month (determined in the same manner as the applicable Mortgage Rate determined for such Mortgage Loan for such month) multiplied by the Scheduled Principal Balance of such Mortgage Loan immediately before the Due Date occurring in such month, but prorated for the number of days during the calendar month for such Mortgage Loan for which interest actually accrues on such Mortgage Loan and only from collections on such Mortgage Loan.

  • 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.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Investor Servicing Fee means, with respect to any Distribution Date, an amount equal to the product of the Investor Servicing Fee Percentage and the Series Investor Interest on the first day of the Due Period related to such Distribution Date (or in the case of the first Distribution Date for the Series established hereby, the Series Initial Investor Interest).

  • 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.”

  • Servicing Fees With respect to each Mortgage Loan and REO Loan, the Master Servicing Fee and the Special Servicing Fee.

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

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

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.