Collateral Custodian Fee definition

Collateral Custodian Fee means the fee to be paid to the Collateral Custodian as set forth in the Custody Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Collateral Custodian Fee. The fees set forth in this Agreement to be paid to the Collateral Custodian.

Collateral Custodian Fee. Defined in the Collateral Custodian Fee Letter.

Examples of Collateral Custodian Fee in a sentence

• The Collateral Custodian’s entitlement to receive the Collateral Custodian Fee shall cease on the earlier to occur of: (i) its removal as Collateral Custodian pursuant to Section 6.5 or (ii) the termination of this Agreement.

• As compensation for its collateral custodian activities hereunder, the Collateral Custodian shall be entitled to a Collateral Custodian Fee pursuant to the provision of Section 2.7 or Section 2.8, as applicable.

• As compensation for its document custodian activities hereunder, the Document Custodian shall be entitled to the Collateral Custodian Fee from the Borrower as set forth in the Collateral Custodian Fee Letter and under the Transaction Documents, payable pursuant to the extent of funds available therefor pursuant to the provisions of Sections 2.7 and 2.8, as applicable.

• For the avoidance of doubt, any Collateral Custodian Fee shall be payable to the Document Custodian so resigning until such time as a successor Document Custodian shall have been appointed.

• The Collateral Custodian and Document Custodian will not make any changes to the Collateral Custodian Fee set forth in the Collateral Custodian Fee Letter without the prior written approval of the Administrative Agent and the Borrower.

More Definitions of Collateral Custodian Fee

Collateral Custodian Fee. The fees, expenses and indemnities set forth as such in the Collateral Custodian Fee Letter and as provided for in this Agreement or any other Transaction Document.

Collateral Custodian Fee. Defined in the Backup Servicer and Collateral Custodian Fee Letter.

Collateral Custodian Fee. The fees, expenses and indemnities set forth as such in the Collateral Custodian Fee Letter and as provided for in this Agreement or any other Transaction Document. Notwithstanding any other provision of this Agreement or the Collateral Custodian Fee Letter, the Collateral Custodian agrees that the aggregate amount of expenses and indemnity payments included in the Collateral Custodian Fee payable pursuant to Sections 2.7(a)(1), 2.7(b)(1) and 2.8(1) shall be not greater than $100,000 during any rolling 12-month period.

Collateral Custodian Fee. The fees, expenses and indemnities set forth as such in the Collateral Custodian Fee Letter and as provided for in this Agreement or any other Transaction Document, which shall be an amount equal to (i) the greater of (A) the rate provided in the Collateral Custodian Fee Letter times the sum of (x) the Aggregate Principal Balance of all Loans and (y) funds on deposit in the Collection Account, representing Principal Proceeds each as of the Determination Date immediately preceding such Payment Date and based on the actual number of days in the Due Period divided by 360 and (B) the quarterly minimum provided in the Collateral Custodian Fee Letter, plus (ii) expenses and indemnities as provided for in this Agreement, any other Loan Document and as set forth in the Collateral Custodian Fee Letter. Notwithstanding any other provision of this Agreement or the Collateral Custodian Fee Letter, each of the Collateral Custodian, the Account Bank and the Document Custodian agrees that the aggregate amount of expenses and indemnity payments included in the Collateral Custodian Fee payable pursuant to Sections 2.7(a)(1) and 2.7(b)(1) shall be not greater than $150,000 during any rolling 12-month period.

Collateral Custodian Fee. Means any fees payable to a Collateral Custodian in accordance with its Collateral Custodian Agreement.

Collateral Custodian Fee. The fees, expenses and indemnities set forth as such in the Collateral Custodian Fee Letter and as provided for in this Agreement or any other Transaction Document. Notwithstanding any other provision of this Agreement or the Collateral Custodian Fee Letter, the Collateral Custodian and Document Custodian agree that the aggregate amount of expenses and indemnity payments included in the Collateral Custodian Fee payable pursuant to Sections 2.7(a)(2), 2.7(b)(1) and 2.8(2) shall be not greater than $150,000 during any rolling 12-month period.

Collateral Custodian Fee. The fee to be paid to the Collateral Custodian under the terms of the Backup Servicer and Collateral Custodian Fee Letter, including the “Collateral Custodian Fee” and “Administration Fee,” each as defined in the Backup Servicer and Collateral Custodian Fee Letter.