Securities Administrator Fee definition

Securities Administrator Fee. With respect to any Distribution Date, an amount equal to the product of (a) one-twelfth of the Securities Administrator Fee Rate and (b) the Stated Principal Balance of the Mortgage Loans as of the prior Distribution Date (or as of the Cut-off Date in the case of the first Distribution Date).

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Securities Administrator Fee. As to any Distribution Date and each Mortgage Loan, an amount equal to the product of the Securities Administrator Fee Rate and the outstanding Stated Principal Balance of such Mortgage Loan as of the first day of the related Due Period, provided, however, such amount shall not be less than $500.00 per month. “Securities Administrator Fee Rate”: 0.004% per annum, and as adjusted to reflect the minimum monthly payment of $500. “Seller”: ▇.▇. ▇▇▇▇▇▇ Mortgage Acquisition Corp. or its successor in interest, in its capacity as seller.

Securities Administrator Fee. With respect to any Distribution Date, an amount equal to the product of one-twelfth of the Securities Administrator Fee Rate and the Stated Principal Balance of each Mortgage Loan as of the first day of the related Due Period. Securities Administrator Fee Rate: 0.02170% per annum. Seller: Redwood Residential Acquisition Corporation, a Delaware corporation.

Examples of Securities Administrator Fee in a sentence

The Securities Administrator shall be entitled to the Securities Administrator Fee.
The Trustee shall be paid its fees by the Securities Administrator from the Securities Administrator Fee pursuant to an agreement between the Trustee and the Securities Administrator.
The Trustee and the Securities Administrator shall be entitled to the Trustee Fee and the Securities Administrator Fee, respectively, which shall be paid by the Master Servicer out of funds received by it hereunder in respect of the Master Servicing Fee.
Pursuant to the Trust Agreement, the Trustee shall be paid out of the Securities Administrator Fee by the Securities Administrator pursuant to a separate agreement between the Trustee and the Securities Administrator.
The Securities Administrator shall pay the fees of the Trustee and the Master Servicer from the Securities Administrator Fee and the Trust Fund shall not be otherwise responsible for the payment of the fees of the Trustee and the Master Servicer.

More Definitions of Securities Administrator Fee

Securities Administrator Fee. As to each Mortgage Loan and any Distribution Date, an amount equal to one-twelfth of the Securities Administrator Fee Rate multiplied by the Stated Principal Balance of such Mortgage Loan on such Distribution Date.

Securities Administrator Fee. As to any Distribution Date, a fee payable to the Securities Administrator by the Master Servicer out of its own funds in such capacity as they may separately agree. Seller: EMC, in its capacity as seller of the Mortgage Loans to the Depositor. Servicer: Each of the EMC Servicer and WFB.

Securities Administrator Fee. With respect to any Distribution Date, all income and gain realized from the investment of funds in the Certificate Account during the period from and including the Distribution Date immediately preceding such Distribution Date, to but excluding such Distribution Date.

Securities Administrator Fee. As to any Distribution Date and each Mortgage Loan, an amount equal to the product of the applicable Securities Administrator Fee Rate and the outstanding Stated Principal Balance of such Mortgage Loan as of the preceding Distribution Date. Securities Administrator Fee Rate: 0.005% per annum. Seller: Terwin Advisors LLC, a Delaware limited liability company, or its successor in interest. Servicer: Specialized Loan Servicing, LLC, a Delaware limited liability company and its successors and assigns.

Securities Administrator Fee. The monthly fee payable to the Securities Administrator from interest collected with respect to each Mortgage loan equal to the product of (x) one-twelfth of the Securities Administrator Fee Rate and (y) the Stated Principal Balance of such Mortgage Loan. The Securities Administrator is also entitled to investment income earned on the amounts on deposit in the Certificate Account from the Business Day preceding the Distribution Date to and including the Distribution Date. Securities Administrator Fee Rate: 0.008% per annum.

Securities Administrator Fee. Not applicable.

Securities Administrator Fee. The Securities Administrator is entitled to the investment income earned on amounts on deposit in the Certificate Account as set forth in Section 3.05(g) hereof.