Certificate Administrator Fee definition

Certificate Administrator Fee. The fee to be paid to the Certificate Administrator as compensation for the Certificate Administrator’s activities under this Agreement; provided that the Certificate Administrator Fee includes the Trustee Fee, and the Certificate Administrator shall pay the Trustee Fee to the Trustee.
Certificate Administrator Fee. With respect to the Trust Loan and for any Distribution Date, an amount accrued during the related Mortgage Loan Interest Accrual Period at the Certificate Administrator Fee Rate on the outstanding principal balance of the Trust Loan as of the close of business on the Distribution Date in such Mortgage Loan Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the Trust Loan is computed and shall be prorated for partial periods. A portion of the Certificate Administrator Fee, namely the Trustee Fee, shall be payable to the Trustee. For the avoidance of doubt, the Certificate Administrator Fee shall be deemed to be payable from the Lower-Tier REMIC.
Certificate Administrator Fee. With respect to each Mortgage Loan and the beneficial interest of the Trust Fund in each REO Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee and the Trustee Fee, each of which shall be paid by the Certificate Administrator as provided herein.

Examples of Certificate Administrator Fee in a sentence

  • No Trustee Fee or Certificate Administrator Fee shall be payable with respect to any Companion Loan.

  • The Certificate Administrator Fee shall constitute the Certificate Administrator’s sole form of compensation for the exercise and performance of its powers and duties hereunder, except for the reimbursement of expenses specifically provided for herein.

  • The Trustee Fee and Certificate Administrator Fee shall be paid monthly on a Mortgage Loan-by-Mortgage Loan basis.

  • The Certificate Administrator Fee (which shall not be limited to any provision of law in regard to the compensation of a trustee of an express trust) shall constitute the Certificate Administrator’s and the Trustee’s sole form of compensation (unless otherwise set forth herein) for all services rendered by each entity in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Certificate Administrator and the Trustee hereunder.

  • No Certificate Administrator Fee shall be payable with respect to any Companion Loan.


More Definitions of Certificate Administrator Fee

Certificate Administrator Fee means, with respect to each Mortgage Loan (including a Mortgage Loan if it relates to an REO Property or is a Defeasance Loan) for any related Mortgage Loan Accrual Period, the amount of interest accrued during such related Mortgage Loan Accrual Period at the related Certificate Administrator Fee Rate on the same balance, in the same manner and for the same number of days as interest at the applicable Mortgage Rate accrued with respect to such Mortgage Loan during such related Mortgage Loan Accrual Period; provided, that a portion of the Certificate Administrator Fee shall be applied to pay the Trustee Fee and the Custodian Fee.
Certificate Administrator Fee. The fee to be paid to the Certificate Administrator as compensation for the Certificate Administrator’s activities under this Agreement.
Certificate Administrator Fee. That portion of the Trustee Fee payable to the Certificate Administrator in an amount agreed to by the Trustee and the Certificate Administrator.
Certificate Administrator Fee. With respect to each Distribution Date, the product of (i) the Certificate Administrator Fee Rate divided by 12 and (ii) the sum of the Principal Balance of the Mortgage Loans and the Pre-Funded Amount as of the first day of the related Due Period.
Certificate Administrator Fee. With respect to each Pooled Mortgage Loan and REO Pooled Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee.
Certificate Administrator Fee. With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period (or in the case of the first Distribution Date, accrued for a period equal to the initial Interest Accrual Period) at the Certificate Administrator Fee Rate on the Principal Balance of such Mortgage Loan as of the first day of such Interest Accrual Period. The Certificate Administrator Fee will be calculated on the same interest accrual basis as the Mortgage Loans. The Certificate Administrator Fee includes the Trustee Fee.
Certificate Administrator Fee shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Lead Securitization Servicing Agreement.