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. With respect to each Trust Mortgage Loan and 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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Examples of Trust Administration Fee in a sentence

  • This was Chuck’s first time, Mike’s second and we appreciate their diligent efforts.

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

  • As long as Xxxxxx Mae 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.

  • Earnings on the investments in any Certificate Account will be applied to the payment of the Trust Administration Fee unless otherwise agreed by Xxxxxx Mae.

  • 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.

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

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

  • A Member must record the Trust Administration Fee in accordance with Rule 4.01.

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

  • Every Member shall deliver to the Secretary a completed Trust Administration Fee Remittance Form on or before the last day of the month following the month of remittance declaring the total number of trust transactions on which they received funds or will be directing funds to the client.


More Definitions of Trust Administration Fee

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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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. 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. 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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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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Related to Trust Administration Fee

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

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

  • Trust Administrator [______________] Independent Accountants:

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

  • Agency Services Address means NationsBank, N.A., NC1-001-15-04, 000 Xxxxx Xxxxx Xxxxxx, Charlotte, North Carolina 28255, Attn: Agency Services, or such other address as may be identified by written notice from the Administrative Agent to the Borrower.

  • Contract administration means all functions, duties, and responsibilities

  • 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.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Swap Administration Agreement As defined in Section 4.08(b).

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

  • Settlement Administration Expenses means the Settlement Administrator’s fee, and the expenses incurred by the Settlement Administrator in providing Notice, processing claims, exclusions, and objections, responding to inquiries from members of the Settlement Class, mailing checks for Approved Claims, and related services, paying taxes and tax expenses related to the Settlement Fund (including all federal, state or local taxes of any kind and interest or penalties thereon, as well as expenses incurred in connection with determining the amount of and paying any taxes owed and expenses related to any tax attorneys and accountants).

  • 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.

  • Issuer Administration Agreement means that certain issuer administration agreement, dated as of the date hereof, among the Administrator, the Issuer, the Transferor and the Indenture Trustee.

  • 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 Fees The sum of (i) the Servicing Fee, (ii) the Master Servicing Fee and (iii) the Credit Risk Management Fee.

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.

  • Securities Administrator Fee With respect to any Distribution Date, an amount equal to the product of (a) one-twelfth of the Securities Administrator Fee Rate and (b) the Stated Principal Balance of the Mortgage Loans as of the prior Distribution Date (or as of the Cut-off Date in the case of the first Distribution Date).

  • 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).

  • 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.

  • Compact administrator means: the individual in each compacting state appointed pursuant to the terms of this compact, responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • Administration Costs means all costs to administer and distribute the Settlement Fund including the costs and professional fees of the Claims Administrator and the costs of implementing the Notice Plan;

  • 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.

  • Collection Agent Fee has the meaning specified in Section 6.03.