Setup Expenses definition

Setup Expenses means the direct out-of-pocket expenses incurred by Servicer in connection with Setup of a Loan or REO Property, including, without limitation, title searches, recording fees for powers of attorney and tax search services.

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Setup Expenses. The direct out-of-pocket expense incurred by Servicer in connection with Setup of a Mortgage Loan or REO Property, including, without limitation, title searches, recording fees for powers of attorney and Assignments of Mortgage, tax search services, real estate tax service contracts and certifications, flood insurance contracts, obtaining missing Loan Documents, completing and correcting Assignments of Mortgages, imaging of Mortgage Loan Documents including hazard and flood insurance and tax contracts, and completing the requirements of the Transfer Instructions. Setup Fee: An initial fee for the Setup of each Mortgage Loan and/or REO Property, as set forth on Exhibit B.

Setup Expenses. The direct out-of-pocket expenses incurred by Servicer in connection with Setup of a Mortgage Loan or REO Property, including, without limitation, title searches, recording fees for powers of attorney and Assignments of Mortgage, tax search services, real estate tax service contracts and certifications, flood insurance contracts, obtaining missing Loan Documents, completing and correcting Assignments of Mortgages, imaging of Mortgage Loan Documents including hazard and flood insurance and tax contracts.

Examples of Setup Expenses in a sentence

Unless otherwise specified herein, any provisions of the Flow Servicing Agreement, including definitions, relating to (i) representations and warranties of the Owner, (ii) Agency Transfers, Pass-Through Transfers, whole loan transfers, reconstitution and securitization, (iii) the sale and purchase of the Mortgage Loans and Setup Expenses, (iv) Transfer Dates, (v) Non-Performing Loans, and (vi) Preliminary Servicing Period, shall be disregarded.
Servicer shall submit monthly invoices to Owner for any expenses incurred by Servicer pursuant to Sections 2.1(a), 2.1(c), 2.3G), 6.5, 11.1 and for any Setup Fees and Setup Expenses.
Unless otherwise specified herein, any provisions of the Flow Servicing Agreement, including definitions, relating to (i) representations and warranties of the Owner, (ii) Agency Transfers, Pass-Through Transfers, whole loan transfers, reconstitution and securitization, (iii) the sale and purchase of the Serviced Mortgage Loans and Setup Expenses, (iv) Transfer Dates, (v) Non-Performing Loans, and (vi) Preliminary Servicing Period, shall be disregarded.
Building Setup Expenses include construction costs, parking management hardware and software, furnishings, fixtures and technology systems infrastructure, and are listed more specifically in Exhibit 5.
Such payments will be separate from the Fee and Set-up Expenses, and will be paid through the process set forth below.
Sublessee agrees to amortize the cost of the Building Setup Expenses over the five (5) year Sublease term and the five (5) year Renewal Term, as defined below in Section 10.14.
The Building Setup Expenses amortization schedule is listed in Exhibit 6.
Unless otherwise specified herein, any provisions of the Flow Servicing Agreement, including definitions, relating to (i) representations and warranties of the Owner, (ii) Agency Transfers, Pass-Through Transfers, whole loan transfers, reconstitution and securitization, (iii) Retained Yield, Adjusted WAC, WAC and Benchmark Component, (iv) the sale and purchase of the Mortgage Loans and Setup Expenses, (v) Owner Events of Default and (vi) Transfer Dates, shall be disregarded.
Research Calls 920 870 50 94.57 % 5.43 % 100.00 % Status Updates 965 895 71 92.69 % 7.31 % 100.00 % Adding New Customer Call 1,790 1,690 100 94.41 % 5.59 % 100.00 % Percent of Account Setup Expenses Allocated to Joint Venture: 6.00 % Based upon the number of disputes received during the month, each business unit is assigned their portion of the total amount of disputes.

More Definitions of Setup Expenses

Setup Expenses means the Servicer's direct out-of-pocket expenses -------------- attributable to the Breach Analysis (including, without limitation, title searches, recording fees for powers of attorneys and tax search services).