Administration Fee Rate definition

Administration Fee Rate. The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.

Administration Fee Rate per annum.

Administration Fee Rate. With respect to each Loan will be equal to the sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate, (iii) the Credit Risk Management Fee Rate and (iv) the rate at which the premium payable in connection with any lender paid primary mortgage insurance policy is calculated, if applicable. Advance: Either (i) a Monthly Advance made by a Servicer as such term is defined in and pursuant to the related Servicing Agreement or (ii) a Monthly Advance made by the Master Servicer or the Trustee pursuant to Section 4.4.

Examples of Administration Fee Rate in a sentence

• If a substitute or successor administrator shall be appointed under this Agreement with respect to any of the Mortgage Loans, the Mortgages Trustee shall set the Administration Fee Rate with such substitute or successor administrator at the time such substitute or successor administrator enters into an administration agreement.

• Administration Fee Rate, as shown on the Final Data File, we recalculated the “Net Mortgage Interest Rate” of each Loan.

• If a substitute or successor Servicer shall be appointed under this Agreement with respect to any of the Mortgage Loans, the Mortgages Trustee shall set the Administration Fee Rate with such substitute or successor Servicer at the time such substitute or successor Servicer enters into an administration agreement.

• The Administration Fee will be calculated as the product of (i) the Denomination (GBP 30.00); (ii) the Administration Fee Rate (0.25 per cent.); and (iii) the Administration Fee Day Count Fraction.

• As to any Payment Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Administration Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Due Period.

More Definitions of Administration Fee Rate

Administration Fee Rate. 0.0050% per annum.

Administration Fee Rate means 0.12% per annum (inclusive of VAT) on the amount of the Funding Share of the Trust Property as determined on that Distribution Date in respect of the then current Trust Calculation Period, but only to the extent that the Mortgages Trustee has sufficient funds available to pay such amount in accordance with the Mortgages Trustee Revenue Priority of Payments or, at any time when the Administrator is not Northern Rock, such other amount as set between such substitute administrator and the Mortgages Trustee from time to time;

Administration Fee Rate. With respect to the Group I Mortgage Loans, 0.0025% per annum. With respect to the Group II Mortgage Loans, 0.0025% per annum.

Administration Fee Rate means 0.08% per annum (inclusive of VAT) on the amount of the Funding Share of the Trust Property as determined on that Distribution Date in respect of the then current Trust Calculation Period, but only to the extent that the Mortgages Trustee has sufficient funds available to pay such amount in accordance with the Mortgages Trustee Revenue Priority of Payments or, at any time when the Administrator is not Northern Rock, such other amount as set between such substitute administrator and the Mortgages Trustee from time to time;

Administration Fee Rate. The sum of (i) the Servicing Fee Rate and (ii) the Master Servicer Fee Rate.

Administration Fee Rate has the meaning set out in Part 1 (Calculation of the Purchase Price) of Schedule 5 (Purchase Price). Affiliate means, in relation to any entity, a Subsidiary of that entity or a Holding Company of that entity or any other Subsidiary of that Holding Company. Agreement means this receivables purchase and servicing agreement, including its annexes and schedules.

Administration Fee Rate means 0.40% (40 basis points).