Certificate Administrator Fee Rate definition

Certificate Administrator Fee Rate. The Certificate Administrator Fee shall be equal to the product of the rate equal to 0.00750% per annum and the Stated Principal Balance of the related Mortgage Loan (calculated in the same manner as interest is calculated on the related Mortgage Loan) or REO Loan (other than the portion of an REO Loan related to any Companion Loan) as of the preceding Distribution Date. The Certificate Administrator Fee includes the Trustee Fee.
Certificate Administrator Fee Rate. With respect to the Trust Loan, a rate equal to 0.0055% per annum, calculated on the same interest accrual basis as the Trust Loan. A portion of the Certificate Administrator Fee Rate shall constitute the Trustee Fee Rate and shall be payable to the Trustee.
Certificate Administrator Fee Rate means 0.0033% per annum (which includes the per annum rate applicable to calculation of the Trustee Fee and the Custodian Fee).

Examples of Certificate Administrator Fee Rate in a sentence

  • As to each Mortgage Loan and REO Loan (other than the portion of an REO Loan related to any Companion Loan), the Trustee Fee shall be paid as a portion of the Certificate Administrator Fee, which fee shall accrue from time to time at the Certificate Administrator Fee Rate and the Certificate Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan and a 360-day year consisting of twelve 30-day months.

  • As to each Mortgage Loan and REO Loan, the Trustee Fee shall accrue from time to time at the Certificate Administrator Fee Rate and the Certificate Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan and a 360-day year consisting of twelve 30-day months.

  • As to each Mortgage Loan and REO Mortgage Loan, the Certificate Administrator Fee shall accrue during each calendar month, commencing with May 2015, at the Certificate Administrator Fee Rate on a principal amount equal to the Stated Principal Balance of such Mortgage Loan or REO Mortgage Loan, as the case may be, immediately following the Distribution Date in such calendar month (or, in the case of May 2015, on a principal amount equal to the Cut-off Date Principal Balance of the particular Mortgage Loan).

  • As to each Mortgage Loan and REO Loan (excluding any Subordinate Companion Loan, if applicable), the Trustee Fee shall accrue from time to time at the Trustee Fee Rate, the Certificate Administrator Fee shall accrue from time to time at the Certificate Administrator Fee Rate and both the Trustee Fee and Certificate Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan and a 360-day year consisting of twelve 30-day months.

  • As to each Mortgage Loan and REO Loan, the Trustee Fee shall accrue from time to time at the Trustee Fee Rate, the Certificate Administrator Fee shall accrue from time to time at the Certificate Administrator Fee Rate and both the Trustee Fee and Certificate Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan and a 360-day year consisting of twelve 30-day months.


More Definitions of Certificate Administrator Fee Rate

Certificate Administrator Fee Rate. 0.0040% per annum.
Certificate Administrator Fee Rate. With respect to the Mortgage Loan, a rate equal to 0.0019% (0.19 basis points) per annum, calculated on the same interest accrual basis as the Mortgage Loan as of the preceding Distribution Date. The Certificate Administrator Fee Rate includes the per annum rate applicable to the calculation of the Trustee Fee.
Certificate Administrator Fee Rate. 0.0031% per annum.
Certificate Administrator Fee Rate. With respect to the Trust Loan, a rate equal to 0.01240% per annum, calculated on the same interest accrual basis as the Trust Loan, which shall include the Trustee Fee Rate.
Certificate Administrator Fee Rate. 0.0054% per annum.
Certificate Administrator Fee Rate. A rate equal to 0.0031% per annum computed on the basis of the Stated Principal Balance of the related Mortgage Loan (and in the same manner as interest is calculated on the related Mortgage Loan) as of the preceding Distribution Date. The Certificate Administrator Fee includes the Trustee Fee.
Certificate Administrator Fee Rate. The Certificate Administrator Fee shall be equal to the product of the rate equal to 0.00570% per annum and the Stated Principal Balance of the related Mortgage Loan and the Trust Subordinate Companion Loan (calculated in the same manner as interest is calculated on the related Mortgage Loan or Trust Subordinate Companion Loan) or REO Loan (including any Non-Serviced Mortgage Loan, but not the portion of an REO Loan related to any Companion Loan (other than the Trust Subordinate Companion Loan)) as of the preceding Distribution Date.