Servicing Advisor Fee definition

Servicing Advisor Fee. The meaning specified in the Servicing Agreement.
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Servicing Advisor Fee. With respect to each Loan, the monthly fee payable on each Payment Date to the Servicing Advisor in consideration for its performance of its duties as Servicing Advisor under this Agreement, in an amount equal to the lesser of (a) $83.50 per Loan plus five hundred dollars ($500) for each *** delivered pursuant to Section 4.01(e) and (b) the amount calculated in clause (a) of the definition of "Special Servicer Fee" contained in the Trust Agreement.
Sample 1
Servicing Advisor Fee. With respect to a Distribution Date, 1/12th of the --------------------- product of (i) the Servicing Advisor Fee Rate and (ii) the Pool Balance as of the first day of the preceding Collection Period. Servicing Advisor Fee Rate: ***. --------------------------
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Examples of Servicing Advisor Fee in a sentence

  • The Successor Servicer shall be entitled to the applicable Servicer Fee, Special Servicer Fee or Servicing Advisor Fee and, as applicable, all Servicing Charges.

  • Any such written solicitation shall prominently indicate that bids should specify any applicable Transition Costs and that any such transfer costs in excess of the Servicer Fee, the Special Servicer Fee, or the Servicing Advisor Fee shall be paid only pursuant to Section 5.02 of the Trust Agreement.

  • The Servicing Advisor Fee shall be paid by the Special Servicer at the times and in the priority as set forth in the Trust Agreement.

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  • As compensation for the -------------------------------- performance of its obligations under this Agreement, the Servicing Advisor shall be entitled to receive from funds on deposit in the Collection Account on each Distribution Date the Servicing Advisor Fee in accordance with Section 5.03(b).

  • In the event that the Servicer Fee is less than the amount of reasonable compensation for the activities of the Trustee in its role as successor Servicer, the Trustee shall be entitled to receive monthly from the Servicing Advisor such portion of the Servicing Advisor Fee which, when added to the Servicer Fee, will reasonably compensate the Trustee for such activities.

  • The Servicer shall pay the Servicing Advisor Fee to the Servicing Advisor on a monthly basis from its Servicing Fee.

  • In the event that the Trustee or the Servicer is succeeding to the Servicing Advisor, as compensation therefor, the Trustee or the Servicer, as applicable, shall be entitled to receive monthly such portion of the Servicing Advisor's Fee as is reasonably necessary to compensate the Trustee or the Servicer, as applicable, for its activities as Servicing Advisor until the date of final cessation of the Servicing Advisor's servicing activities hereunder and thereafter, the Servicing Advisor Fee.

  • To the extent that the Servicer or the Trustee performs any such obligation of the Servicing Advisor, the cost of performing such obligation shall be deducted from the Servicing Advisor Fee and paid to the Servicer or the Trustee, as applicable (but not in excess of the Servicing Advisor Fee).

  • To the extent a co-trustee is required to be retained, fees and expenses of such co-trustee will be deemed to be Extraordinary Trustee Expenses; provided that to the extent any co-trustee performs the duties of the Servicing Advisor or the Servicer, such fees and expenses will be deducted from the Servicing Advisor Fee or the Servicer Fee, as appropriate.


More Definitions of Servicing Advisor Fee

Servicing Advisor Fee means the fee payable to the Servicing Advisor pursuant to the Servicing Agreement which for any Payment Date shall mean an amount equal to one twelfth of the product of (a) ***/7/ and (b) the Aggregate Outstanding Principal Amount of the Loans for such Payment Date. Servicing Agreement shall mean the Servicing and Custodial Agreement, dated as of August 1, 1998, by and among the Certificate Trustee, the Indenture Trustee, the Custodian, the Servicer and the Servicing Advisor wherein the Servicer and the Servicing Advisor agreed to provide administrative, servicing and collection supervision services in respect of the Loans for the benefit of the Noteholders. Servicing Fee shall mean the fee payable to the Servicer pursuant to the Servicing Agreement which for any Payment Date shall mean an amount equal to the sum of (i) one twelfth of the product of (x) the Servicing Fee Rate and (y) the Aggregate Outstanding Principal Amount of the Loans for such Payment Date, plus (ii) Late Payment Charges, if any, received during the related Prepayment Period with respect to the Loan plus (iii) plus amounts in respect of Servicing Advances in respect of the Loan, if any, during the related Prepayment Period that are reimbursable pursuant to the Servicing Agreement, plus any Reimbursements of P&I Advances. Servicing Fee Rate shall mean *** per annum.
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Related to Servicing Advisor Fee

  • Operating Advisor Fee With respect to any Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) and any Distribution Date, an amount accrued during the related Interest Accrual Period at the applicable Operating Advisor Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. Such fee shall be in addition to, and not in lieu of, any other fee or other sum payable to the Operating Advisor under this Agreement. For the avoidance of doubt, the Operating Advisor Fee shall be payable from the Lower-Tier REMIC.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • 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).

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

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Servicer Fee has the meaning specified in Section 2.05(a).

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

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • 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 As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • 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.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Special Servicer means the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing Agreement.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Servicing Fees With respect to each Mortgage Loan and REO Loan, the Master Servicing Fee and the Special Servicing Fee.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Certificate Administrator Fee With respect to each Mortgage Loan and the beneficial interest of the Trust Fund in each REO Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee and the Trustee Fee, each of which shall be paid by the Certificate Administrator as provided herein.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Total Servicing Fee means the sum of the Basic Servicing Fee and the Supplemental Servicing Fee.