Additional Special Servicing Compensation definition

Additional Special Servicing Compensation. As defined in Section 3.11(d).

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Additional Special Servicing Compensation. As defined in Section 3.12(c) of this Agreement.

Additional Special Servicing Compensation has the meaning set forth in Section 8.10(b).

Examples of Additional Special Servicing Compensation in a sentence

• The applicable Special Servicer shall be entitled to make withdrawals from its REO Account to pay itself, as Additional Special Servicing Compensation, interest and investment income earned in respect of amounts held in such REO Account as provided in Section 3.06(b) (but only to the extent of the Net Investment Earnings, if any, with respect to such REO Account for any Collection Period).

• Any amounts of Additional Special Servicing Compensation payable to the Special Servicer shall be remitted to the Special Servicer by the Master Servicer.

• The applicable Master Servicer shall promptly, and in any event within two (2) Business Days, deliver to the applicable Special Servicer any of the foregoing items received by it with respect to any Mortgage Loan, if and to the extent that such items constitute Additional Special Servicing Compensation payable to the applicable Special Servicer.

• The Special Servicer shall be entitled to make withdrawals from its REO Account to pay itself, as Additional Special Servicing Compensation, interest and investment income earned in respect of amounts held in such REO Account as provided in Section 3.06(b) (but only to the extent of the Net Investment Earnings, if any, with respect to such REO Account for any Collection Period).

• Notwithstanding the fourth paragraph of Section 3.04(a), the Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its Primary Servicer Remittance Amount all Additional Master Servicing Compensation and Additional Special Servicing Compensation collected by the Primary Servicer to the extent not constituting Additional Primary Servicing Compensation, including, without limitation, all defeasance fees.

More Definitions of Additional Special Servicing Compensation

Additional Special Servicing Compensation. All assumption application fees received on Commercial Real Estate Loans, (b) any modification fees, assumption fees, consent fees and similar fees received on any Commercial Real Estate Loans, (c) any charges for processing other Obligor requests, beneficiary statements or demands and fees in connection with defeasance, if any, on any Commercial Real Estate Loans, (d) any late payment charges and default interest collected with respect to any Collateral Interest that accrues when the related Commercial Real Estate Loan is a Specially Serviced Loan and (e)(i) any fee or penalty amounts collected for checks or other items returned for insufficient funds relating to the REO Account and (ii) subject to Section 3.04, all income and gain realized from the investment of funds deposited in the REO Account.

Additional Special Servicing Compensation. With respect to the Special Servicer, (a) all assumption application fees received on Serviced Loans, (b) any modification fees, assumption fees, consent fees and similar fees received on any Serviced Loans, (c) any charges for processing other Obligor requests, beneficiary statements or demands and fees in connection with defeasance, if any, on any Serviced Loans, (d) any late payment charges and default interest collected with respect to any Collateral Interest that accrues when the related Serviced Loan is a Specially Serviced Loan and (e)(i) any fee or penalty amounts collected for checks or other items returned for insufficient funds relating to any REO Account and (ii) subject to Section 3.04, all income and gain realized from the investment of funds deposited in any REO Account.

Additional Special Servicing Compensation. The meaning specified in the Servicing Agreement.

Additional Special Servicing Compensation shall have the meaning assigned thereto in SECTION 3.11(D).

Additional Special Servicing Compensation. All assumption application fees received on Commercial Real Estate Loans, (b) any modification fees, assumption fees, consent fees, forbearance fees and similar fees received on any Commercial Real Estate Loans, (c) any charges for processing other Obligor requests (including Other Borrower Requests) and for administratively processing Administrative Modifications, Pre-Approved Modifications and/or Significant Modifications, (d) any charges for processing beneficiary statements or demands and fees in connection with defeasance, if any, on any Commercial Real Estate Loans, (e) any late payment charges and default interest collected with respect to any Collateral Interest that accrues when the related Commercial Real Estate Loan is a Specially Serviced Loan and (f)(i) any fee or penalty amounts collected for checks or other items returned for insufficient funds relating to the REO Account and (i) subject to Section 3.04, all income and gain realized from the investment of funds deposited in the REO Account.

Additional Special Servicing Compensation. As defined in Section 6.13(g).

Additional Special Servicing Compensation. (i) Amounts collected for checks or other items returned for insufficient funds to the extent actually paid by Borrower, (ii) late payment charges (but not default interest) with respect to the Mortgage Loan, (iii) modification fees and (iv) such other charges paid by Borrower for services not contrary to the Mortgage Loan Documents, and as such other charges are approved by the Controlling Holder but in the case of each of the immediately foregoing clauses in this definition only during such periods as the Mortgage Loan is a Specially Serviced Loan.