Supplemental Servicing Fee Rate definition

Supplemental Servicing Fee Rate. As to any Mortgage Loan and Distribution Date, a fixed rate per annum equal to the excess, if any, of the Net Mortgage Rate thereof over 6.75%.
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Supplemental Servicing Fee Rate means (1) with respect to any Distribution Date with respect to the Revolving Period or Planned Redemption Period, 0%, (2) with respect to any Distribution Date with respect to the Early Redemption Period if CompuCredit is not the Servicer, 0% and (3) with respect to any Distribution Date with respect to the Early Redemption Period if CompuCredit is the Servicer, 3.9%.
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Supplemental Servicing Fee Rate. The fixed rate determined by the Trustee as being necessary to compensate any successor Servicer (in addition to the Servicing Fee then in effect) to service the Assets after an Event of Default pursuant to Section 7.01 of the Standard Terms, which rate shall not exceed the then current "market rate" for servicing a portfolio of assets comparable to the Assets, and shall not be greater than 0.50% per annum.
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Examples of Supplemental Servicing Fee Rate in a sentence

  • If the amount so allocated to interest is less than the full amount of accrued and unpaid interest due on such Mortgage Loan, the amount of such recovery will be allocated among the Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate and interest at the Remittance Rate in proportion to the amount of such accrued interest which would have been allocated to each such category in the absence of any shortfall.

  • For purposes of the definitions of Net Interest Shortfall and Supplemental Servicing Fee, the amount of any Interest Shortfall shall be allocated between the Certificates and the Supplemental Servicing Fee in proportion to the amount of interest that would have been allocated to the Certificates (at the Remittance Rate) and the Supplemental Servicing Fee (at the Supplemental Servicing Fee Rate), respectively, in the absence of such Interest Shortfall.

  • If the amount so allocated to interest is less than the full amount of accrued and unpaid interest due on such Mortgage Loan, the amount of such recovery will be allocated among the Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate and interest at the applicable Remittance Rate in proportion to the amount of such accrued interest which would have been allocated to each such category in the absence of any shortfall.

  • If the amount so allocated to interest is less than the full amount of accrued and unpaid interest due on such Mortgage Loan, the amount of such recovery will be allocated among the [Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate] and interest at the Remittance Rate in proportion to the amount of such accrued interest which would have been allocated to each such category in the absence of any shortfall.


More Definitions of Supplemental Servicing Fee Rate

Supplemental Servicing Fee Rate means the percentage set forth in Item 5 of Schedule A.
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