Servicing Cost definition

Servicing Cost means, as of any date of determination, an annualized percentage, calculated with reference to the Aggregate Eligible Pool Balance and the related Collection Period, equal to the monthly ratio of (a) the sum of all Servicing Fees and all collection fees during each such Collection Period divided by (b) the Aggregate Eligible Pool Balance as of the last day of the immediately preceding Collection Period, provided that the Servicing Cost shall not be less than 5%.
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Servicing Cost. = the aggregate sum of the Servicing Fees corresponding to the tasks and duties to be performed by the Servicers under the Program, which shall in aggregate (for the group of Servicers) be equal to 0.25% (per annum) computed monthly on the basis of the Global Portfolio in EUR as of the previous Calculation Date (and multiplied by the number of days in the relevant Charges Period / 360 days) payable (excluding any taxes) in accordance with Clause 5 of the Servicing Agreement. Where “Funding Rate” means
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Examples of Servicing Cost in a sentence

  • In this section we will discuss how Income, Servicing Cost, and Opportunity Cost are incorporated in the CCS.

  • Joint Servicing (Cost Allocation) Agreement Effective January 1, 2016, the Company along with its parent, ARX, and its affiliates entered into a Joint Servicing (Cost Allocation) Agreement with Progressive Casualty Insurance Company (“PCIC”).

  • There is parental disassociation from directing children’s behavior since a parent (s) may be mentally ill or alcoholic, or absent.

  • Schedule 2.02(a) Servicer Compensation (****) Schedule 2.02(b) (****) (****) Schedule 2.02(c) Servicing Cost Categories (****) Schedule 2.03(b)(i) Features and Functionality of Company Systems The Servicer shall be obligated to make available the following features and functionality.

  • Once complete, this report will be shared with the Deputy Minister.• A Debt Servicing Cost Forecast and Sensitivity Analysis Report is completed monthly and will be shared with the Deputy Minister once the report format has been finalized.• TRM continues to design and develop further position and portfolio-level interest rate analysis using a third-party interest rate risk management application and reporting tools.

  • Each of these securities derives its value from the income earning potential of the pool of loans that backs of securities.⮚ Servicing Cost Servicing cost means that the process of collecting interest and principal payment s providing accurate records or monitoring the ongoing position of the borrowing involves considerable operating costs.

  • The results of the exercise are illustrated in Figure 3.Figure 3: Total Annualized Servicing Cost per Mortgage Loan Source: Bank of America, The Hidden Credit Costs of Mortgage Servicers,Specialty and Mortgage Finance Weekly Mar.

  • MoFT also sets the future maximum Debt Servicing Cost (DSC) to forecast Domestically Sourced Revenue (DSR) at 8%, below the WB/IMF threshold of 25%.

  • Next quarter, this report will be available as the new Bloomberg interest rate risk management module will be operational. A Debt Servicing Cost forecast and Sensitivity Analysis Report is completed monthly and will be shared with the Deputy Minister.

  • The credits will be: Less hog fuel purchased The debits will be: Debt Servicing CostDepreciation Credits:Annual Fuel Savings$59,300Debits:Debt Servicing Cost (100% debt, 7.5% of Capital Cost) Depreciation 30 yr Straight Line$5,000 $9,000 Total$45,300 As can be seen from the above – there is a net savings to the sawmill.

Related to Servicing Cost

  • 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.

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

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

  • 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.

  • 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.

  • 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.

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

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • 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.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • 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.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • 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.”

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

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

  • 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.

  • 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.

  • Non-Recoverable Servicing Advance Any portion of a Servicing Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current Servicing Advance, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Servicing Base Amount shall have the meaning specified in Section 3.01.

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Servicing Rate means 1.00% per annum.

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

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