Successor Servicer Fee definition

Successor Servicer Fee means, for any calendar month, [*].
Sample 1Sample 2
Successor Servicer Fee means, at any time, that TWRI or one of its Affiliates is not then active as the Servicer, the fees and other amounts required to provide reasonable compensation to the Servicer in connection with servicing, administering and collecting the Receivables, which fees and other amounts shall have been agreed upon by Agent and such Servicer.
Sample 1
Successor Servicer Fee means, with respect to any Payment Date, the fee payable to the Successor Servicer, in an amount equal to the product of (a) $1,200 and (b) the sum of (i) the number of Section 3.19
Sample 1

Examples of Successor Servicer Fee in a sentence

  • In addition to the Servicing Fee, on the date of its appointment as Successor Servicer, such Successor Servicer will receive a fee of $150,000 payable pursuant to Section 8.2(c) or 8.2(e) of the Indenture, as applicable, and thereafter, will be entitled to the Additional Successor Servicer Fee, which will be paid in accordance with the priorities set forth in Section 8.2(c) or 8.2(e) of the Indenture, as applicable.

  • In addition to the Servicing Fee, on the date of its appointment as Successor Servicer, such Successor Servicer will receive the Successor Servicer Engagement Fee payable pursuant to the Trust Financing Agreements for each Series with Credit Extensions Outstanding, and thereafter, will be entitled to the Additional Successor Servicer Fee, which will be paid in accordance with the priorities set forth in the Trust Financing Agreements for each Series with Credit Extensions Outstanding.

  • In addition to the Servicing Fee, on the date of its appointment as Successor Servicer, such Successor Servicer will receive a fee of $[_____] payable pursuant to Section 8.2(c) or 8.2(e) of the Indenture, as applicable, and thereafter, will be entitled to the Additional Successor Servicer Fee, which will be paid in accordance with the priorities set forth in Section 8.2(c) or 8.2(e) of the Indenture, as applicable.

  • Such public announcement shall specify that the Successor Servicer shall be entitled to servicing compensation in an amount not to exceed 0.75% per annum times the Principal Balance of each Mortgage Loan as of each Installment Due Date for such Mortgage Loan (the "Successor Servicer Fee"), together with the other servicing compensation in the form of assumption fees, late payment charges, gain from REO sales or otherwise.

  • Vendor shall follow industry safety standards and use only industry approved safety equipment in accordance with the manufacturer’s specifications in the performance of all duties.

  • Chase shall be entitled to the Successor Servicer Fee in its capacity as Successor Servicer prior to acting in the capacity as Servicer.

  • All calculations of the amount of the Servicing Fee, the Back-up Servicer Fee, Successor Servicer Fee, the Trust Collateral Agent Fee and the Master Servicer Fee shall be made on the basis of a 360-day year consisting of twelve 30-day months.

  • If __________ is the successor Servicer, it shall be entitled to the Successor Servicer Fee as compensation.

  • In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such Successor Servicer out of payments on Mortgage Loans as it and such Successor Servicer shall agree; provided, however, that no such compensation shall be in excess of the Successor Servicer Fee, together with other servicing compensation in the form of assumption fees, late payment charges or otherwise as provided in this Agreement.


More Definitions of Successor Servicer Fee

Successor Servicer Fee means the amount of the Additional ---------------------- Servicing Fee and any other reimbursement of reasonable out-of-pocket expenses, including Liquidation Expenses, incurred by a Successor Servicer in connection with realization on the Lease Contracts or other enforcement procedures in respect of Collections (including, without limitation, repossessions, freight, skip tracing, telecommunications, accounting fees, legal fees, taxes, etc.).
Sample 1
Successor Servicer Fee means, for any Collection Period, the Servicing Fee, or such higher fee as approved by the Note Insurer in its sole and absolute discretion.
Sample 1
Successor Servicer Fee. Any fees of a successor Servicer in excess of the Servicing Fee.
Sample 1
Successor Servicer Fee means initially with respect to any Settlement Period, $1,000.00 or the pro rata portion thereof if such Settlement Period is less than a full calendar month, or such amount as may be agreed upon from time to time by TMN and the Successor Servicer with the consent of the Funding Agents.
Sample 1
Successor Servicer Fee means, for any Collection Period, the fee payable to the Successor Servicer as set forth in Schedule C attached hereto, or, if such successor Servicer is not __________, such other fee schedule approved by the Note Insurer in its sole and absolute discretion.
Sample 1
Successor Servicer Fee. As defined in Section 8.2. TIAA: Teachers Insurance and Annuity Association of America. Transfer: Any direct or indirect transfer or sale of any Ownership Interest in a Certificate. Trustee: First Trust National Association, a national banking association, and its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee at the time serving as successor trustee hereunder.
Sample 1

Related to Successor Servicer Fee

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Backup Servicer Fee means the fee to be paid to the Backup Servicer as set forth in the Backup Servicing Agreement.

  • Successor Servicer has the meaning specified in Section 3.07(e) of the Indenture.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • Servicer Expenses means any expenses incurred by the Backup Servicer, if it has become the successor Servicer in accordance with this Agreement (including any expenses incurred by the Backup Servicer in connection with the retitling or re-xxxxxxx of the Financed Vehicles), other than Repossession Expenses or Transition Expenses.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • 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.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • 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.

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

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Predecessor Servicer Work Product shall have the meaning specified in Section 8.2(c) of the Sale and Servicing Agreement.

  • 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.

  • 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.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Servicer File means, collectively, all documents, records and copies pertaining to a Mortgage Loan which are required to be included in the related Servicer File pursuant to Section 3 thereof.

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

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

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

  • 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.

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • CREFC® Special Servicer Loan File The data file in the “CREFC® Special Servicer Loan File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Investor Servicing Fee means, with respect to any Distribution Date, an amount equal to the product of the Investor Servicing Fee Percentage and the Series Investor Interest on the first day of the Due Period related to such Distribution Date (or in the case of the first Distribution Date for the Series established hereby, the Series Initial Investor Interest).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Supplemental Servicing Fees means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by applicable law with respect to any Receivable.