Custodian Fee definition

Custodian Fee. As to any Distribution Date and each Mortgage Loan, an amount equal to the product of the Custodian Fee Rate and the outstanding Stated Principal Balance of such Mortgage Loan as of the first day of the related Due Period. “Custodian Fee Rate”: 0.002% per annum.

Custodian Fee means the portion of the Certificate Administrator Fee payable to the Custodian in an amount agreed to between the Custodian and the Certificate Administrator.

Custodian Fee. With respect to each Distribution Date, the product of (i) $0.20 and (ii) the number of Mortgage Loans.

Examples of Custodian Fee in a sentence

• For its services hereunder the Custodian shall be paid such compensation at such times as may from time to time be agreed on in writing by the parties hereto in a Custodian Fee Agreement.

• The Custodian Fee will accrue as at each Valuation Point, based on the current valuation and is payable monthly in arrears.

• The Indenture Trustee shall not be responsible for paying the Custodian Fee or any other amounts owed to the Custodian.

• 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 7.5 or (ii) the termination of this Agreement.

• The Collateral 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 Custodian Fee

Custodian Fee means, for each Payment Date (in accordance with and subject to the Priority of Payments) an amount equal to $[***].

Custodian Fee. The amount payable to the Custodian on each Distribution Date by the Trustee pursuant to Section 8.05 as compensation for all services rendered by it under the Custodial Agreement equal to $0.20 for each Mortgage File in the Custodian's possession corresponding a Mortgage Loan.

Custodian Fee means, with respect to any Payment Date, the greater of (A) the product of (i) one-twelfth of the Custodian Fee Rate and (ii) the Pool Balance as of the last day of the immediately preceding Collection Period and (B) $1000.

Custodian Fee. If applicable, the annual fee payable to any Custodian, calculated and payable monthly on each Payment Date pursuant to Section 5.01(c)(i) hereof equal to the fee, if any, set forth in the Custodial Agreement.

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

Custodian Fee. As to each Mortgage Loan and any Distribution Date, an amount equal to one month's interest at the Custodian Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the preceding Distribution Date (or as of the Closing Date in the case of the first Distribution Date) or, in the event of any payment of interest which accompanies a Principal Prepayment in Full made by the Mortgagor, interest at the Custodian Fee Rate on the Stated Principal Balance of such Mortgage Loan for the period covered by such payment of interest.

Custodian Fee has the meaning specified in the Custodial Agreement.