Servicing Strip Amount definition

Servicing Strip Amount. For any Distribution Date, an amount equal to the product of (i) 1.00% of the Pool Balance as of the first day of the related Collection Period (or, in the case of the first Distribution Date, the Pool Balance as of the Cutoff Date) times (ii) a fraction equal to 1/12 (or, in the case of the first Distribution Date, 18/360).
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Servicing Strip Amount. For any Distribution Date, an amount as described in Part IV to this Appendix A.
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Examples of Servicing Strip Amount in a sentence

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 416,705.38 0.00 -3.4% Servicing Fee Payable from Servicing Strip Amount 1.37% 228,354.55 0.00 -3.4% Servicing Strip Amount distributed to Class XS Notes 1.13% 188,350.83 0.00 -3.4% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 431,470.48 0.00 -3.5% Servicing Fee Payable from Servicing Strip Amount 1.37% 236,445.82 0.00 -3.5% Servicing Strip Amount distributed to Class XS Notes 1.13% 195,024.65 0.00 -3.5% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 348,280.40 0.00 -3.5% Servicing Fee Payable from Servicing Strip Amount 1.38% 192,250.78 0.00 -3.5% Servicing Strip Amount distributed to Class XS Notes 1.12% 156,029.62 0.00 -3.5% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 1.00 % 472,500.00 0.00 0.00 Servicing Fee Payable from Servicing Strip Amount 0.54 % 255,150.00 0.00 0.00 Servicing Strip Amount distributed to Class XS Notes 0.46 % 217,350.00 0.00 0.00 Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 300,099.14 0.00 -3.4% Servicing Fee Payable from Servicing Strip Amount 1.41% 169,255.92 0.00 -3.4% Servicing Strip Amount distributed to Class XS Notes 1.09% 130,843.23 0.00 -3.4% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 310,548.98 0.00 -3.5% Servicing Fee Payable from Servicing Strip Amount 1.41% 175,149.63 0.00 -3.5% Servicing Strip Amount distributed to Class XS Notes 1.09% 135,399.36 0.00 -3.5% Unpaid Serv.

  • Strip Amount to Pay Servicing Fee (Excess Distributed to Class XS Notes) 2.50% 334,693.41 0.00 -3.9% Servicing Fee Payable from Servicing Strip Amount 1.38% 184,750.76 0.00 -3.9% Servicing Strip Amount distributed to Class XS Notes 1.12% 149,942.65 0.00 -3.9% Unpaid Serv.

Related to Servicing Strip Amount

  • Cumulative Servicing Amount means the sum of the Period Servicing Amounts for every consecutive twelve-month period prior to and ending on the True-Up Measurement Date in respect of each of the Shared-Loss Agreements during which the loss- sharing provisions of the applicable Shared-Loss Agreement is in effect.

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

  • 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.

  • 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.

  • 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.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • 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.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

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

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • 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.

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

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

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

  • Excess Servicing Fee For each calendar month, as to each Mortgage Loan, the portion of the related Excess Servicing Fee Rate applicable to such month (determined in the same manner as the applicable Mortgage Rate determined for such Mortgage Loan for such month) multiplied by the Scheduled Principal Balance of such Mortgage Loan immediately before the Due Date occurring in such month, but prorated for the number of days during the calendar month for such Mortgage Loan for which interest actually accrues on such Mortgage Loan and only from collections on such Mortgage Loan.

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

  • 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.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Servicing Rate means 1.00% per annum.

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

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

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

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

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.