Property Management Fee Rate definition

Property Management Fee Rate. With respect to each Lease and Mortgage Loan, a monthly rate equal to the product of (i) one-twelfth and (ii) 0.25%.
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Property Management Fee Rate. With respect to each Mortgage Loan and each Lease, a fixed percentage rate equal to 0.25% per annum.
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Property Management Fee Rate. With respect to each Mortgage Loan and each Lease, a fixed percentage rate equal to 0.25% per annum. “Property Manager ”: Spirit Realty, in its capacity as property manager under this Agreement, or any successor property manager appointed as herein provided. “Property Manager Additional Servicing Compensation ”: As defined in Section 3.11(b) . “Property Protection Advances ”: With respect to the Leases, the Mortgage Loans and the Mortgaged Properties: (i) All customary, reasonable and necessary out-of-pocket costs and expenses incurred by the Property Manager or the Back-Up Manager, in connection with servicing the Leases, the Mortgaged Properties and the Mortgage Loans, in accordance with the Servicing Standard and this Agreement, for the purpose of paying (a) real estate taxes, (b) in the case of Leasehold Mortgaged Properties, payments required to be made under the related ground leases, (c) premiums on Property Insurance Policies (not already paid pursuant to Section 2.11 of the Indenture, as confirmed by the applicable Issuers) and (d) other amounts necessary to preserve or maintain the security interest and lien of the Indenture Trustee in, and value of, each related Mortgaged Property (including any costs and expenses necessary to re-lease such Mortgaged Property), Lease or Mortgage Loan (including costs and expenses related to collection efforts).
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Examples of Property Management Fee Rate in a sentence

  • As to each such Mortgaged Property and Mortgage Loan included in the Collateral Pool, the Property Management Fee shall accrue daily at the related Property Management Fee Rate on the basis of the Collateral Value of each such Mortgaged Property and Mortgage Loan and shall be calculated with respect to each Mortgage Loan on the same basis as interest accrues on such Mortgage Loan and with respect to each Mortgaged Property on a 30/360 Basis.

  • As to each such Mortgaged Property and Mortgage Loan included in the Collateral Pool, the Property Management Fee shall accrue at the related Property Management Fee Rate on the basis of the Collateral Value of each such Mortgaged Property and Mortgage Loan and shall be calculated with respect to each Mortgage Loan on the same basis as interest accrues on such Mortgage Loan and with respect to each Mortgaged Property on a 30/360 Basis.

  • As to each such Property, the Property Management Fee shall accrue daily at the related Property Management Fee Rate on the basis of the Allocated Loan Amount (as of the related Determination Date) of each such Property.

  • As to each such Lease, the Property Management Fee shall accrue at the related Property Management Fee Rate on the basis of the Allocated Loan Amount of each Lease that is not a Specially Managed Lease.

Related to Property Management Fee Rate

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Program Fee Rate is defined in the Fee Letter.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Operating Advisor Fee Rate With respect to each Interest Accrual Period, a rate equal to 0.00125% per annum with respect to each Mortgage Loan (or any successor REO Mortgage Loan with respect thereto).

  • Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

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

  • 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.

  • Unused Fee Rate means 0.50% per annum.

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

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

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

  • Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.

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

  • 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.”

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Trustee Fee Rate 0.0025% per annum.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Custodian Fee Rate As to any Distribution Date, the applicable Custodian Fee for such Distribution Date, converted to a per annum rate on (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Interest Accrual Period and (ii) with respect to the Determination Date in May 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis), but in no event shall the Custodian Fee Rate be less than 0.0035%.