PARI PASSU LOAN SERVICING FEE RATE definition

PARI PASSU LOAN SERVICING FEE RATE means the "Master Servicing Fee Rate" (as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement) and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Special Servicer) applicable to any Non-Serviced Mortgage Loan; provided, however, that the Pari Passu Loan Servicing Fee Rate for purposes of any Non-Serviced Mortgage Loan set forth on Schedule XIX as to which such fee is calculated on a 30/360 basis shall be (a) the related "Master Servicing Fee Rate" set forth in the Non-Serviced Mortgage Loan Pooling and Servicing Agreement, multiplied by (b) 30 divided by the actual number of days in the loan accrual period with respect to such loan.
PARI PASSU LOAN SERVICING FEE RATE means the “Master Servicing Fee Rate” (as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement) and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Special Servicer) applicable to any Non-Serviced Mortgage Loan.
PARI PASSU LOAN SERVICING FEE RATE means the "Master Servicing Fee Rate" (as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement) and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Special Servicer) applicable to any Non-Serviced Mortgage Loan as set forth in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement; provided, however, that the Pari Passu Loan Servicing Fee Rate for purposes of any Non-Serviced Mortgage Loan set forth on Schedule XIX as to which such fee is calculated on a 30/360 basis shall be (a) the related "Master Servicing Fee Rate" set forth in the Non-Serviced Mortgage Loan Pooling and Servicing Agreement, multiplied by (b) 30 divided by the actual number of days in the loan accrual period with respect to such loan.

More Definitions of PARI PASSU LOAN SERVICING FEE RATE

PARI PASSU LOAN SERVICING FEE RATE means the "Servicing Fee Rate" applicable to the Pari Passu Loan as defined in the 99-C1 Pooling and Servicing Agreement.
PARI PASSU LOAN SERVICING FEE RATE means the Northbridge Retail Pari Passu Loan Servicing Fee Rate, the Beverly Center Pari Passu Loan Servicing Fee Rate and/or the World Apxxxxx Xenter Pari Passu Loan Servicing Fee Rate, as applicable.
PARI PASSU LOAN SERVICING FEE RATE means the "Master Servicing Fee Rate" and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Master Servicer) applicable to any Non-Serviced Mortgage Loan as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement.
PARI PASSU LOAN SERVICING FEE RATE means the "Master Servicing Fee Rate" and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Special Servicer) applicable to any Non-Serviced Mortgage Loan as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement; provided, however, that the Pari Passu Loan Servicing Fee Rate for purposes of the GIC Office Portfolio Pari Passu Loan such fee shall be (a) the applicable "Master Servicing Fee Rate", multiplied by (b) 30 divided by the actual number of days in the loan accrual period with respect to such loan.
PARI PASSU LOAN SERVICING FEE RATE means the "Master Servicing Fee Rate" and any other servicing fee rate (other than those payable to the applicable Non-Serviced Mortgage Loan Special Servicer) applicable to any Non-Serviced Mortgage Loan as defined in the related Non-Serviced Mortgage Loan Pooling and Servicing Agreement; provided, however, that the Pari Passu Loan Servicing Fee Rate for purposes of any Non-Serviced Mortgage Loan as to which such fee is calculated on a 30/360 basis shall be (a) the related "Master Servicing Fee Rate" set forth in the Non-Serviced Mortgage Loan Pooling and Servicing Agreement, multiplied by (b) 30 divided by the actual number of days in the loan accrual period with respect to such loan.

Related to PARI PASSU LOAN SERVICING FEE RATE

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

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

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".

  • 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.”

  • Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.

  • 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.

  • Series Servicing Fee Percentage means 2.0%.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Pari Passu Companion Loan A Companion Loan that, pursuant to the related Loan Documents and/or the related Co-Lender Agreement, is pari passu in right of payment to the related Split Mortgage Loan. The only Pari Passu Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan.

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Excess Servicing Fee Right With respect to each Mortgage Loan (including an REO Mortgage Loan with respect thereto), the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer shall be the owner of such Excess Servicing Fee Right.

  • Companion Loan Rating Agency With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.

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

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

  • Trustee Fee Rate 0.0025% per annum.

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • 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.

  • Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.

  • Certificate Administrator Fee Rate 0.0031% per annum.

  • 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.

  • Indenture Trustee Fee Rate means the per annum rate at which the Indenture Trustee Fee is calculated.