Trust Administration Fee definition

Trust Administration Fee. Any fee payable pursuant to Section 2.8 (or, if applicable, Subsection 5.1(5) or Section 10.10) as compensation for services to the Trusts.
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Trust Administration Fee. As to each Mortgage Loan and any Distribution Date, an amount equal to the product of (i) one-twelfth of the Trust Administration Fee Rate, and (ii) the Stated Principal Balance of such Mortgage Loan as of the first day of the calendar month preceding the month in which such Distribution Date occurs. Trust Administration Fee Rate: 0.0075% per annum.
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Trust Administration Fee. The amount payable to the Trust Administrator on each Distribution Date pursuant to Section 9.05 as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trust Administrator hereunder, which amount, with respect to the Mortgage Loans and for any calendar month, shall be equal to the Trust Administration Fee Rate accrued for one month on the same principal amount on which interest on each Mortgage Loan accrues for such calendar month.
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Examples of Trust Administration Fee in a sentence

  • As long as Xxxxxx Xxx is the Master Servicer or Trustee for all Trusts under this Trust Agreement, the Trust Administration Fee will be determined in the aggregate, and not for each Trust separately.


More Definitions of Trust Administration Fee

Trust Administration Fee. With respect to each Trust Mortgage Loan and REO Trust Mortgage Loan for any Distribution Date, an amount equal to the product of (a) the Trustee Administration Fee Rate, multiplied by (b) the Stated Principal Balance of such Trust Mortgage Loan or REO Trust Mortgage Loan, as the case may be, outstanding immediately following the prior Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date), multiplied by (c) a fraction, the numerator of which is either (i) 30, if such Trust Mortgage Loan or REO Trust Mortgage Loan, as the case may be, accrues or is deemed to accrue interest on a 30/360 Basis, or (ii) the number of days in the calendar month preceding the month in which such Distribution Date occurs, if such Trust Mortgage Loan or REO Trust Mortgage Loan, as the case may be, accrues or is deemed to accrue interest on an Actual/360 Basis, and the denominator of which is 360. The Trust Administration Fee includes both the Trustee's monthly fee and the Certificate Administrator's monthly fee.
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Trust Administration Fee. With respect to each Trust Mortgage Loan and each Trust REO Loan for any Distribution Date an amount equal to one month's interest for the most recently ended calendar month (calculated on the same interest accrual basis as such Trust Mortgage Loan or Trust REO Loan, as the case may be), accrued at the Trust Administration Fee Rate on the Stated Principal Balance of such Trust Mortgage Loan or Trust REO Loan, as the case may be, outstanding immediately following the prior Distribution Date (or, in the case of the initial Distribution Date, as of the Closing Date).
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Trust Administration Fee. The amount payable to the Trust Administrator on each Distribution Date pursuant to Section 8.05 as compensation by the Trust Fund for all services rendered by the Trust Administrator and the Trustee in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trust Administrator and the Trustee hereunder, which amount shall equal the Trust Administration Fee Rate accrued for one month on the aggregate Scheduled Principal Balance of the Mortgage Loans and any REO Properties as of the first day of the related Due Period (or, in the case of the initial Distribution Date, as of the Cut-off Date), calculated on the basis of a 360-day year consisting of twelve 30-day months.
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Trust Administration Fee. As to any Distribution Date, an amount equal to the product of the Trust Administration Fee Rate divided by 12 and the Certificate Principal Balance as of the first day of the preceding Collection Period. Trust Administration Fee Rate: 0.0085% per annum.
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Trust Administration Fee. Any fee payable pursuant to Section 2.13 (or, if applicable, Section 8.10) as compensation for services to the Trusts. Trust Agreement: This Mega-SMBS Master Trust Agreement, by and among Xxxxxx Xxx in its corporate capacities as Issuer and Guarantor, and Xxxxxx Xxx in its capacity as Trustee, as it may be amended in accordance with its terms.
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Trust Administration Fee. As to any Payment Date, an amount equal to the product of (i) one-twelfth of the Trust Administration Fee Rate and (ii) the Aggregate Collateral Balance as of the first day of the related Due Period.
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Related to Trust Administration Fee

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

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

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.