Servicer Fee Rate definition
Examples of Servicer Fee Rate in a sentence
The Investors’ share of the Servicer Fee shall be equal to the Servicer Fee Rate multiplied by the average daily Aggregate Capital of the Investor Interests payable as provided above.
With respect to any Distribution Date, an amount equal to the product of (a) one-twelfth of the Securities Administrator, Backup Servicer and Master Servicer Fee Rate and (b) the sum of (i) 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) and (ii) the Pre-Funding Amount.
The portion of the Servicer Fee payable by the Purchaser shall be equal to the Servicer Fee Rate multiplied by the average daily Capital of each Receivable Interest owned by the Purchaser, payable on each Settlement Date for such Receivable Interest.
Securities Administrator, Backup Servicer and Master Servicer Fee Rate: With respect to each Mortgage Loan, 0.01% per annum.
As used in the Master Agreement, the “Platform Servicer Fee Rate” shall be 0.47% per annum; provided, that if the Servicer is no longer acting as interim servicer under the Master Agreement so as to no longer be entitled to accruing Interim Servicing Fee (as described in Section 11.10(j) of the Master Agreement), then the Platform Servicer Fee Rate shall thereafter be 0.50% per annum.