Special Servicing Fees definition
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.
Special Servicing Fees shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.
Special Servicing Fees. “Liquidation Fees” and “Workout Fees” (as each such term or any analogous term is defined in the related Outside Servicing Agreement) relating to such Outside Serviced Mortgage Loan; and in the event that the funds received with respect to the related Outside Serviced Whole Loan are insufficient to cover “Servicing Advances,” “Property Advances” or “Additional Trust Fund Expenses” (as each such term or any analogous term is defined in the applicable Outside Servicing Agreement) relating to the servicing and administration of the related Outside Serviced Whole Loan, (i) the Master Servicer shall, promptly following notice from the related Outside Servicer, reimburse the related Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable (such reimbursement, to the extent owed to the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, may be paid by the Master Servicer to the related Outside Servicer, who shall pay such amounts to the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable), out of general funds in the Collection Account for the Trust’s pro rata share (such pro rata share and the pro rata share of the holder(s) of the related Outside Serviced Companion Loan(s) to be determined based on the respective principal balances of such Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)) of any such “Nonrecoverable Servicing Advance,” “Nonrecoverable Property Advances” and/or “Additional Trust Fund Expenses” (as each such term or any analogous term is defined in the applicable Outside Servicing Agreement), and (ii) if the related Outside Servicing Agreement permits the related Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee to reimburse itself from the related Outside Securitization Trust’s general account, then the parties to this Agreement hereby acknowledge and agree that the related Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable, may do so and the Master Servicer shall be required to, promptly following notice from the related Outside Servicer, reimburse the related Outside Securitization Trust out of general funds in th...
Examples of Special Servicing Fees in a sentence
The Special Servicer shall not be entitled to any Special Servicing Fees with respect to a Non-Serviced Mortgage Loan.
No Special Servicer shall be entitled to any Special Servicing Fees with respect to a Non-Serviced Mortgage Loan.
All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis.
More Definitions of Special Servicing Fees
Special Servicing Fees. Special Servicer Workout Fee: 0.00 Special Servicer Liquidation Fee Amount: 0.00 Special Servicer Fee Amount plus Adjustments: 0.00 Total Special Servicer Fees Collected: 0.00 Most Recent ASER Amount: 0.00 Other Expenses or Shortfalls: 0.00 Total Unscheduled Expenses or Shortfalls: 0.00 Net Interest Amount: 0.00
Special Servicing Fees means all fees at market rates (net of related expenses) paid directly or indirectly to KKR or any KKR Affiliate (or any exclusive provider retained by KKR or any KKR Affiliate) for Special Servicing Services in respect of Investments after the Partnership’s initial investment in such Investment; provided that, if any interest in such Investment is held by any Other KKR Fund or a person whose investment in such interest was offered, sold, placed, underwritten, syndicated, solicited or otherwise arranged by a Regulated Broker-Dealer, then only such portion of fees that is fairly allocable to the Investment by the Partnership in such Investment, based upon the nature of the transaction giving rise to the fee, shall be included; provided further that Special Servicing Fees shall exclude Management Fees, Service Costs, Capstone Fees, RPM Fees, Monitoring Fees, Transaction Fees, Property Management Fees, Break-up Fees and Regulated Broker-Dealer Fees, if any.
Special Servicing Fees shall have the meaning set forth in Section 6.2(f).