Administrative Cost Rate definition

Administrative Cost Rate. As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.

Administrative Cost Rate. As of any date of determination and with respect to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate, the Certificate Administrator Fee Rate, the Senior Trust Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate, in each case computed on the basis of the Stated Principal Balance of the related Mortgage Loan and in the same manner as interest is calculated on such Mortgage Loan.

Administrative Cost Rate means, with respect to each Mortgage Loan, the sum of the Master Servicing Fee Rate, the Trust Advisor Fee Rate, the Certificate Administrator Fee Rate, the CREFC® License Fee Rate and, in the case of any Non-Serviced Mortgage Loan, the related Pari Passu Loan Primary Servicing Fee Rate.

Examples of Administrative Cost Rate in a sentence

• Within the justification, provide the number of positions being filled in each category of other personnel.Section C EquipmentFor the purpose of this budget, equipment is designated as an item of property that has an acquisition cost of $5,000 or more and an expected service life of more than one year, unless a different threshold is specified in a negotiated Facilities and Administrative Cost Rate.

• Approximately $50k is held back annually to fund the Facilities and Administrative Cost Rate Proposal.

• See Exhibit A2 for the university Negotiated Facilities and Administrative Cost Rate Agreement.

• As a large share of the portfolio debt inflow is intermediated via foreign banks whose risk bearing capacity decreases during times of financial uncertainty, an increase in risk intolerance translates into larger currency depreciation for countries with large portfolio debt liabilities and bank loans.

• A detailed budget is nevertheless necessary to ensure that the amount being requested from the sponsor adequately covers the cost of the work being proposed and to ensure the appropriate application of the Facilities and Administrative Cost Rate.

More Definitions of Administrative Cost Rate

Administrative Cost Rate. For each Mortgage Loan, the applicable Servicing Fee Rate plus the Lender Paid Mortgage Insurance Rate, if applicable.

Administrative Cost Rate. With respect to each Mortgage Loan, the sum of the Servicing Fee Rate and the Trustee Fee Rate, in each case computed on the basis of the Stated Principal Balance of the related Mortgage Loan and in the same manner as interest is calculated on such Mortgage Loan.

Administrative Cost Rate means the sum of the Master Servicing Fee Rate, the Primary Servicing Fee Rate, the Excess Servicing Fee Rate and the Trustee Fee Rate.

Administrative Cost Rate. Not applicable.

Administrative Cost Rate means: (a) with respect to each Outside Serviced Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the sum of (i) the related Outside Servicing Fee Rate, (ii) the Trustee Fee Rate, and (iii) the related Master Servicing Fee Rate; and (b) with respect to each other Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the corresponding rate per annum specified as the "Administrative Cost Rate" on the Trust Mortgage Loan Schedule, which, for each Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), is equal to the sum of the related Master Servicing Fee Rate and the Trustee Fee Rate.

Administrative Cost Rate means, with respect to each Mortgage Loan (or any successor REO Mortgage Loan with respect thereto), the rate per annum specified as the "Administrative Cost Rate" on the Mortgage Loan Schedule, which, for each such other Mortgage Loan (or successor REO Mortgage Loan) is equal to the sum of the related Master Servicing Fee Rate and the Trustee Fee Rate.

Administrative Cost Rate. As set forth in the Trust Agreement.