Trustee's Fee definition

Trustee's Fee. The amount payable to the Trustee on each Distribution Date pursuant to Section 8.05 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 Trustee hereunder, which amount shall equal one twelfth of the product of (i) the Trustee's Fee Rate, multiplied by (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans and any REO Properties as of the second preceding Due Date (or, in the case of the initial Distribution Date, as of the Cut-off Date).

Trustee's Fee. As to each Mortgage Loan and Distribution Date, an amount, payable out of any payment of interest on the Mortgage Loan, equal to interest at ______% per annum on the Stated Principal Balance of such Mortgage Loan as of the Due Date immediately preceding the month in which such Distribution Date occurs.

Trustee's Fee. As to each Mortgage Loan and Distribution Date, an amount equal to interest at the Trustee Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month immediately preceding the month in which such Distribution Date occurs.

Examples of Trustee's Fee in a sentence

• The Trustee shall withdraw from the Certificate Account on each Distribution Date and pay to itself the Trustee's Fee.

• The Trustee shall transfer from the Certificate Account to itself, the Trustee's Fee on each Certificate Account Deposit Date.

• The amount of the Owner Trustee's Fee shall be paid by the Master Servicer pursuant to Section 3.07(a)(xiii) of the Servicing Agreement and Section 2.11 hereof, and all amounts owing to the Owner Trustee hereunder in excess of such amount shall be paid pursuant to a separate side agreement or as provided in Section 5.01 hereof.

• The Master Servicer shall remit the Owner Trustee's Fee to the Owner Trustee pursuant to Section 3.07 of the Servicing Agreement.

• On each Distribution Date, prior to making any other distributions referred to in Section 4.01, the Trustee shall withdraw from the Certificate Account and pay itself the Trustee's Fee for such Distribution Date.

More Definitions of Trustee's Fee

Trustee's Fee means the Fees for the Trustee of the First Trust, the Fees for the Trustee of the Second Trust and the initial trustee’s fee being the amount separately agreed between the Trustor of the First Trust and the Trustee of the First Trust, in its capacity as Trustee of the First Trust and as Trustee of the Second Trust, to be paid by the Trustor of the First Trust on the Trust Commencement Date of the Second Trust in accordance with Article 22.1 of the First Trust Agreement and Article 16.1 of the Second Trust Agreement.

Trustee's Fee shall have the meaning specified in Section 11.05(a).

Trustee's Fee means, with respect to any Mortgage Loan or REO Mortgage Loan, the fee designated as such and payable to the Trustee pursuant to Section 8.05(a).

Trustee's Fee. The total of the Group I Trustee's Fee and the Group II Trustee's Fee.

Trustee's Fee. The fee designated as such and payable to the Trustee pursuant to Section 8.05.

Trustee's Fee means, with respect to any Payment Date, one-twelfth of the product of ___% and the sum of (i) the Principal Balance of the Contracts as of the beginning of the related Due Period and (ii) the Pre-Funded Amount as of the beginning of such period; provided, however, in no event shall such fee be less than $200.00 per month.

Trustee's Fee means the annual fee of the Trustee in the amount . The Trustee’s Fee is payable annually in advance from the Expense Fund on each , commencing , so long as any of the Bonds are Outstanding.