Additional Compensation definition

Additional Compensation has the meaning set out in Section 13.3(1).

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Additional Compensation. Default Interest and late payment fees (after all payments pursuant to Section 3.4(c)(v) and 3.4(c)(vi)), Assumption Fees, Assumption Application Fees, substitution fees, release fees, Modification Fees, consent fees, defeasance fees, loan service transaction fees, amounts collected for checks returned for insufficient funds, charges for beneficiary statements or demands, other loan processing fees, review fees and similar fees and expenses to which the Servicer and the Special Servicer, as applicable, is entitled (to the extent permitted by (or not otherwise prohibited by) and specifically allocated to such amounts or actually paid by the Borrowers in accordance with the terms of the Whole Loan Documents or pursuant to this Agreement) and any income earned (net of losses (subject to Section 3.8(b))) on the investment of funds deposited in the Collection Account, any Foreclosed Property Account and any Reserve Account pursuant to Section 3.8 of this Agreement.

Additional Compensation has the meaning attributed to it in Section 12.1(a).

Examples of Additional Compensation in a sentence

Each of the Lenders shall be entitled to be paid such Additional Compensation from time to time to the extent that the provisions of this Section are then applicable notwithstanding that any Lender has previously been paid any Additional Compensation.
The Borrower shall pay to such Lender within 10 Banking Days of the giving of such notice such ▇▇▇▇▇▇’s Additional Compensation.
Upon a Lender having determined that it is entitled to Additional Compensation in accordance with the provisions of this Section, such Lender shall promptly so notify the Borrower and the Agent.
The relevant Lender shall provide the Borrower and the Agent with a photocopy of the relevant law, rule, guideline, regulation, treaty or official directive (or, if it is impracticable to provide a photocopy, a written summary of the same) and a certificate of a duly authorized officer of such Lender setting forth the Additional Compensation and the basis of calculation therefor, which shall be conclusive evidence of such Additional Compensation in the absence of manifest error.

More Definitions of Additional Compensation

Additional Compensation has the meaning specified in Section 8.01(4).

Additional Compensation means compensation totally financed by a state and payable under a state law by reason of conditions of high unemployment or by reason of other special factors, and when so payable, includes compensation payable pursuant to 5 U.S.C. Chapter 85.‌

Additional Compensation has the meaning set forth in Section 5(d).

Additional Compensation has the meaning given to it in Section 10.2;

Additional Compensation. Default Interest and late payment fees (after all payments pursuant to Section 3.4(c)(iv) and 3.4(c)(v)), Assumption Fees, Assumption Application Fees, defeasance fees, substitution fees, release fees, Modification Fees, consent fees, amounts collected for checks returned for insufficient funds, charges for beneficiary statements or demands, loan processing fees, review fees and similar fees and expenses to which the Servicer and the Special Servicer, as applicable, are entitled (to the extent permitted by (or not otherwise prohibited by) and specifically allocated to such amounts in accordance with the terms of the Loan Documents or pursuant to this Agreement) and any income earned (net of losses (subject to Section 3.8(b)) on the investment of funds deposited in the Collection Account, the Foreclosed Property Account and any Reserve Account pursuant to Section 3.8 of this Agreement.

Additional Compensation has the meaning attributed thereto in Section 7.2.

Additional Compensation means bonuses and all other cash compensation designated by the Administrative Committee as Deferrable Compensation.