Servicing Costs definition
Servicing Costs means amounts paid by Heritage to IAFC or a Third Party Data Processor for servicing the Accounts, including but not limited to processing Applications, servicing and support of Program Assets, collection activities, and credit bureau reports on Applicants.
Servicing Costs means reasonable and documented servicing and administrative fees and costs of collection on such accounts, such Servicing Costs not to exceed in any event: (i) in the case of ARL Accounts, five percent (5%) of the gross collection proceeds from the relevant ARL Accounts, or (ii) in the case of the Med Eligible Accounts Receivable, one percent (1%) of the gross collection proceeds from the relevant Med Eligible Accounts Receivable.
Servicing Costs meanss reasonable and documented servicing and administrative fees and costs of collection on such accounts, such Servicing Costs not to exceed in any event: (i) in the case of ARL Accounts, five percent (5%) of the gross collection proceeds from the relevant ARL Accounts or (ii) in the case of the Med Eligible Accounts Receivable, one percent (1%) of the gross collection proceeds from the relevant Med Eligible Accounts Receivable.
Examples of Servicing Costs in a sentence
The Underwriter agrees to provide, and shall pay costs which it incurs in connection with providing, administrative or accounting services to shareholders of the Fund (such costs are referred to as "Shareholder Servicing Costs").
Amounts payable to the Underwriter under the Plans may exceed or be less than the Underwriter's actual Distribution Expenses and Shareholder Servicing Costs.
In the event such Distribution Expenses and Shareholder Servicing Costs exceed amounts payable to the Underwriter under the Plans, the Underwriter shall not be entitled to reimbursement by the Fund.
As determined from time to time by the Board of Directors of the Fund, a portion of such fee for each Class may be designated as a "distribution fee" designed to cover Distribution Expenses, and a portion may be designated as a "shareholder servicing fee" designed to cover Shareholder Servicing Costs.
The Underwriter agrees to provide, and shall pay costs which it incurs in connection with providing, administrative or accounting services to shareholders of each Fund (such costs are referred to as "Shareholder Servicing Costs").
More Definitions of Servicing Costs
Servicing Costs means certain expenditures by Borrower and/or Servicer related to the servicing, subservicing and management of the Collaterally Assigned Loan as more particularly described in each Monthly Statement, including: (i) reasonable out-of-pocket expenses that Borrower expends or advances to protect or preserve the value of the Collateral or the priority of the Liens and security interests created by the Collaterally Assigned Loan Documents relating thereto, including taxes, insurance premiums, (including forced place insurance premiums), payment of ground rent, the costs of prevention of waste, repairs and maintenance, foreclosure expenses and legal fees and expenses relating to foreclosure, disposition, workout, modification or litigation with respect to the Collaterally Assigned Loan, (ii) reasonable out-of-pocket expenses incurred in connection with the Conversion of the Mortgaged Property to REO Property (including reasonable attorneys’ fees, filing fees, third party fees and expenses and court costs) and (iii) actual out-of-pocket legal, appraisal and related fees incurred by Borrower and paid to non-Affiliates after the date hereof in accordance with the administration of the Collaterally Assigned Loan as set forth in this Loan Agreement, but in all events excluding the servicing fee.
Servicing Costs means all amounts (including, without limitation, termination fees and other penalties)paid by CB&T during the applicable month of the term hereof under the Servicing Agreement.
Servicing Costs means the costs and expenses of the Servicer incurred in connection with the servicing of the Borrower’s Loan Assets, which in for the purpose of Section 2.11 and together with the Sub-Servicing Fees and Backup Servicing Fees shall not exceed the Servicing Costs Cap.
Servicing Costs means the combination of Maintenance and Investment Management costs.
Servicing Costs means costs, in each case in an amount with respect to an Asset which is not materially in excess of originally budgeted costs included in Borrower's initial ERV Projection for such Asset or which otherwise is acceptable to Lender, consisting of attorneys fees and out of pocket costs paid by Borrower or Servicer to attorneys, incurred by Borrower or Servicer in enforcement of the Purchased Portfolio, or any portion thereof, and actual disbursements in payment of direct court costs incurred by Servicer or Borrower in respect of filing fees, service or other process fees, garnishment fees and other direct court costs in connection with judicial enforcement of payment of the Purchased Portfolio, or any portion thereof, provided, that Servicing Costs excludes any of the foregoing amounts paid to any Affiliate or employee of Borrower or Servicer.
Servicing Costs means the total cost of the servicing of the subject land with public utilities, including the carrying charges.
Servicing Costs means the costs and expenses of the Servicer incurred in connection with the servicing of the Borrower’s Loan Assets, which in for the purpose of Section 0 [***] “Servicing Costs Cap” means [***] “Solvent” means, with respect to the Borrower or the Servicer, that as of the date of determination, both (i) (a) the sum of such entity’s debt (including contingent liabilities) does not exceed the present fair saleable value of such entity’s present assets; (b) such entity’s capital is not unreasonably small in relation to its business as contemplated on the Effective Date; and (c) such entity has not incurred and does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise); and (ii) such entity is “solvent” within the meaning given that term and similar terms under laws applicable to it relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances