Seller Monthly Servicing Fee definition

Seller Monthly Servicing Fee. As defined in Section 7.1.
Seller Monthly Servicing Fee shall have the meaning set forth in Section 7.1.
Seller Monthly Servicing Fee means, with respect to any Due Period, an amount equal to one-twelfth of the product of 2% and the Seller Interest as of the last day of the preceding Due Period.

Examples of Seller Monthly Servicing Fee in a sentence

  • No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • No later than the second Business Day following the receipt by Purchaser of the Monthly Servicing Oversight Report for a calendar month, Purchaser will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Purchaser to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • The Seller Monthly Servicing Fee for any month is payable on the 2nd Business Day following the Purchaser’s receipt of the Servicing Fee Collections for such month from the Seller pursuant to Section 2.5 hereof (and any delay in payment shall affect the calculation of the Targeted Return).

  • No later than the second Business Day following the receipt by the Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • For the avoidance of doubt, under no circumstance shall the unpaid principal balance on any Mortgage Loan subserviced under the NRM Subservicing Agreement (as primary servicer or subservicer, but not merely master servicer) be utilized for purposes of calculating the Retained Fee, the Performance Fee and/or the Seller Monthly Servicing Fee under any Sale Supplement from and after the date such Mortgage Loan is initially subserviced under the NRM Subservicing Agreement.

  • It would now be politically impossible for an urban area of the UK such as Greater Manchester to acknowledge the presence of slums or informal settlements.

  • For each calendar month, the Base Subservicing Fee (as defined in the Subservicing Supplement) for such calendar month together with the Seller Monthly Servicing Fee for such calendar month.


More Definitions of Seller Monthly Servicing Fee

Seller Monthly Servicing Fee. With respect to any Distribution Date, the product of (i) the Servicing Fee Rate and (ii) the Seller Principal Balance on the first day succeeding the preceding Distribution Date.

Related to Seller Monthly Servicing Fee

  • Servicing Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Collection Period.