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%.
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

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”).

  • Formulation of BFP and approval of draft budget at LLGs (Using Investment Servicing Cost) also pushed the performance of Multisectoral Transfer to LLGs Development grant to 51%.

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

  • In calculating the Servicer’s Monthly Average Servicing Cost Per Active Account, the costs associated with performing Late Stage Collections Services shall be separately reflected, and in the event of a transfer of such Services pursuant Section 2.03(b), after such transfer all calculations pursuant to this Section 4.04(b) shall exclude any such costs associated with performing such services for all periods measured.

  • SERVICING FEE CALCULATION - Monthly (A) Pool Balance as of the End of the Collection Period $521,991,787.37 (B) Maximum Servicing Fee Rate (annualized, as percentage of outstanding pool balance) 1.00% (C) Maximum Servicing Fee Amount (V(A)*V(B)/12) $434,993.16 (D) Servicing Cost (uncapped servicing fee) $226,913.78 (E) Servicing Fee Due (MIN(V(C),V(D))) $226,913.78 (F) Servicing Fee Shortfall (V(D)-V(E)) $0.00 VI.

  • Will it affect the ratio substantially?Valuation of those who experienced increased stress due to unruly children and weak signal was tested in the value map using the resiliency value used in the outcomes for coaches, the SROI ratio did not change.The ProFuturo Madrid overhead cost was estimated following the UN Central Emergency Respond Fund allowing their offices for a 10% Project Servicing Cost (PSC) and another 7% PSC for their NGO partners (UNCERF 2012).

  • Zale Gem Account 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.

  • Table 1 – Immediate Components Immediate ComponentComponent TickerGoldman Sachs Commodity Fundamental Pair 21 Strategy The Transaction Cost Rate and the Servicing Cost Rate for each Terminal Component included in the GS Strategy are as set out in Table 2 - Terminal Components below.

  • SERVICING FEE CALCULATION - Monthly, if Prior to July 2008 Quarterly Distribution (A) Pool Balance as of the End of the Collection Period $575,404,554.22 (B) Maximum Servicing Fee Rate (annualized, as percentage of outstanding pool balance) 1.00% (C) Maximum Servicing Fee Amount (IV(A)*IV(B)/12) $479,503.80 (D) Servicing Cost (uncapped servicing fee) $244,123.03 (E) Servicing Fee Due (MIN(IV(C),IV(D))) $244,123.03 (F) Servicing Fee Shortfall (IV(D)-IV(E)) $0.00 USA GROUP SECONDARY MARKET SERVICES, INC.

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 means the fee payable to the Servicer for services rendered during each Collection Period, determined pursuant to Section 4.08 of the Sale and Servicing Agreement.

  • 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.