Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.
Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.
Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.
Master Servicing Fee Rate With respect to each Mortgage Loan, ____% per annum.
Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”
L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.
Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.
Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.
Subordination Percentage With respect to each class of Class A Certificates and Class M Certificates, the respective approximate percentage set forth in the table below: Class Percentage (1) Percentage (2) A 73.250% 78.600% M-1 81.625% 85.300% M-2 88.125% 90.500% M-3 91.500% 93.200% M-4 92.750% 94.200% M-5 94.125% 95.300%
Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.
Trustee Fee Rate 0.0025% per annum.
Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.
Program Fee Rate is defined in the Fee Letter.
Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.
Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".
Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.
Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.
Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.
Senior Specified Enhancement Percentage As of any date of determination, 38.00%.
Senior Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Senior Secured Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Parent Borrower for such Test Period.
Unused Fee Rate means a per annum rate equal to 0.25%.
Applicable Unused Commitment Fee Rate means 0.50% per annum.
Term SOFR Reference Rate means the forward-looking term rate based on SOFR.
Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.
Indenture Trustee Fee Rate means the per annum rate at which the Indenture Trustee Fee is calculated.
Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.