Special Servicing Fee. The Company will reimburse the Manager for actual expenses incurred on the Company’s behalf in connection with the special servicing of non-performing assets. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. Special servicing fee equal to an annualized rate of 2.00% of the original value of a non-performing asset, payable quarterly in arrears. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. 39 Special Servicing Fee Rate.................................................................................39
Special Servicing Fee. Servicer shall be entitled to a quarterly special servicing fee equal to an annualized rate of 2.00% of the original value of an Asset that, in the sole discretion of the manager of Fundrise, is deemed to be a non-performing asset.
Special Servicing Fee. The Manager or its Affiliates will be entitled to a fee equal to an annualized rate of one percent (1.00%) of the original value of a non-performing loan serviced by the Manager or its Affiliates. Whether a loan is deemed to be non-performing is in the sole discretion of the Manager or its Affiliates. The payment of this special servicing fee shall be in addition to any third party special servicing expenses incurred by the Fund, which may include special fees associated with recovery efforts by the Manager or its Affiliates.
Special Servicing Fee. Special servicing fee for any non-performing debt investment at an annualized rate of 1.00%, which will be based on the original value of such non-performing debt investment and will cover the increased administrative costs to handle the non-performing asset. The fee shall be payable quarterly in arrears. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. Special servicing paid to an RM Lender for the servicing of any non-performing debt or preferred equity investment at an annualized rate of 1.00%, which will be based on the original value of such non-performing debt or preferred equity investment and any additional amounts associated with such investment. Whether an investment is deemed to be non-performing is in the sole discretion of the Manager.
Special Servicing Fee. 40 Special Servicing Fee Rate . . . . . . . . . . . . . . . . . . 40
Special Servicing Fee. If there is an Event of Default by Borrower under this Agreement and the Loan is transferred to a special workout person (“Special Servicer”) for workout, including, without limitation, advising, structuring, drafting, reviewing, administering, or amending Loan documents in any form or fashion, the Special Servicer is entitled to collect a fee for their services equal to one percent (1.0%) per annum based on the unpaid principal loan balance at the time the Loan is transferred. Said fee will be due and payable monthly on each Payment Date and will be in addition to any other Loan payment requirements contained in the Loan Documents.
Special Servicing Fee. If the Company or the Partnership owns any non-performing loans, the Manager shall charge a special servicing fee, to be paid quarterly, at an annualized rate of 1.00% of the unpaid principal balance of the non-performing loan. The payment of the special servicing fee will be in addition to any third-party special servicing expenses incurred by the Company or the Partnership, which may include special fees associated with recovery efforts by the Manager. Whether a loan is deemed to be non-performing is in the sole discretion of the Manager.
