Reduced Servicing Fee Rate definition

Reduced Servicing Fee Rate. For each Stripped Mortgage Loan, the per annum rate set forth for such Mortgage Loan under the heading "SERVICING FEE" (or an equivalent heading) in the schedule attached hereto as Exhibit U, equal to no less than 0.200% per annum and no more than 0.220% per annum."
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Related to Reduced Servicing Fee Rate

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

  • 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.”

  • 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.

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

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

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

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

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

  • Series Servicing Fee Percentage means 2.0%.

  • Program Fee Rate is defined in the Fee Letter.

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

  • Trustee Fee Rate 0.0025% per annum.

  • 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.

  • 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.

  • Certificate Administrator Fee Rate 0.0031% per annum.

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

  • 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).

  • Unused Fee Rate means 0.50% per annum.

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

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

  • 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.

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

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

  • 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.