Workout Fees definition

Workout Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Workout Fees shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.
Workout Fees shall have the meaning assigned to such term in the Securitization Servicing Agreement.

Examples of Workout Fees in a sentence

  • In either case, the successor special servicer will not be entitled to any portion of such Workout Fees.

  • All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis.

  • For clarification, no obligation of the Master Servicer or the Special Servicer to use reasonable efforts to collect fees from the related Mortgagor will change the obligation of the Master Servicer to pay such fees from general collections or other proceeds in accordance with Section 3.06(a) and Section 3.06A(a) of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation Fees are collected from or paid by the related Mortgagor.

  • The successor special servicer will not be entitled to any portion of such Workout Fees.

  • The Special Servicer will not be entitled to receive any Workout Fees after termination for cause.


More Definitions of Workout Fees

Workout Fees has the meaning set forth in the Servicing Agreement.
Workout Fees has the meaning set forth in the Trust Agreement.
Workout Fees has the meaning set forth in the Servicing Agreement. This NOTICE OF GRANT OF SECURITY INTEREST IN TRADEMARKS (the “Notice”) is made and entered into as of [ ], by and between [XXXXXXXX’X RESTAURANTS LLC] [IHOP RESTAURANTS LLC], a Delaware limited liability company located at (“Grantor”), in favor of CITIBANK, N.A., a national banking association (“Citibank”), as trustee, located at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (“Trustee”).
Workout Fees. As defined in the Property Management Agreement.
Workout Fees has the meaning set forth in the Control Party Agreement.
Workout Fees has the meaning set forth in the Servicing Agreement. This NOTICE OF GRANT OF SECURITY INTEREST IN TRADEMARKS (the “Notice”) is made and entered into as of [____________], by and between [IHOP RESTAURANTS LLC] [APPLEBEE’S RESTAURANTS LLC], a Delaware limited liability company located at 000 Xxxxx Xxxxx Xxxx., 0xx Xxxxx, Xxxxxxxx, XX 00000-0000 (“Grantor”), in favor of CITIBANK, N.A., a national banking association (“Citibank”), as trustee located at 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (“Trustee”).
Workout Fees in the amounts set forth in the servicing agreement, and (d) “special servicing fees” for the Loan upon the Loan becoming a specially serviced loan pursuant to the servicing agreement in the amounts set forth in the servicing agreement; provided, however, that Borrower shall not be liable (x) for the payment of any such costs and expenses to the extent the same arise by reason of the gross negligence, illegal acts, fraud or willful misconduct of Lender or Servicer and (y) for the payment of any monthly master servicing fees. Any costs due and payable to Lender may be paid to Lender pursuant to the Cash Management Agreement.