Standby Fee has the meaning defined in Section 2.7.
Standby Fee. With respect to each Mortgage Loan and each REO Loan, the fee designated as such and payable to the Special Servicer pursuant to the second paragraph of Section 3.11(c).
Standby Fee means, for any month, an amount equal to the product obtained by multiplying: (i) 1/12, by (ii) 12.5 basis points, by (iii) the Unused Capacity for such month.
Examples of Standby Fee in a sentence
Under no circumstances shall any such Standby Fee be refundable, either in whole or in part, even if no Advance is ever made under the terms hereof.
More Definitions of Standby Fee
Standby Fee has the meaning set out in Section 3.2(a).
Standby Fee has the meaning ascribed thereto in the Program Fee Side Letter;
Standby Fee means a charge, other than a tax, imposed on undeveloped property for the availability of potable water, sanitary sewer, or drainage facilities and services.
Standby Fee meaxx xxx xxx payable to the Standby Servicer so long as CPS is the Servicer, on each Payment Date in an amount equal to one-twelfth of 0.06% of the aggregate outstanding principal amount of the Securities on the last day of the second preceding Collection Period; provided, however, that on the first Payment Date the Trustee will be entitled to receive an amount equal to the product of (i) the percentage equivalent of a fraction the numerator of which is the number days from the Closing Date to but excluding the first Payment Date and the denominator of which is 360, (ii) 0.06% and (iii) the aggregate outstanding principal amount of the Securities as of the Closing Date.
Standby Fee means the fee payable to the Standby Servicer so long as CPS is the Servicer calculated in the same manner, on the same basis and for the same period as the Servicing Fee is calculated pursuant to Section 3.8 based on a rate of 0.08% per annum rather than the Servicing Rate.
Standby Fee has the meaning given to such term in Article 2. (Standby fee) of the Finance Fee Letter.
Standby Fee has the meaning specified in Section 3.5;