Custodian Fee Rate. As to any Distribution Date, the applicable Custodian Fee for such Distribution Date, converted to a per annum rate on (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Interest Accrual Period and (ii) with respect to the Determination Date in July 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis).
Custodian Fee Rate. The percentage equivalent expressed as a fraction, the numerator of which is (i) the product of (a) the Custodian Fee and (b) 12 and the denominator of which is (ii) the aggregate principal balance of the Mortgage Loans as of the beginning of the Due Period.
Custodian Fee Rate. The per annum fee paid to the Custodian on each Distribution Date equal to the Custodian Fee expressed as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans.
Examples of Custodian Fee Rate in a sentence
Borror Construction, through Steiner, Garske and/or Borror Sugarman, represented that its team members under the employ of Borror Construction were qualified to manage the completion of the Renovations although they knew or reasonably should have known that they lacked the required knowledge and experience to do so.
More Definitions of Custodian Fee Rate
Custodian Fee Rate means for any Distribution Date, a per annum rate, expressed as a percentage, obtained by (i) dividing the related Custodian Fee by the aggregate Unpaid Principal Balance of the Mortgage Loans as of the first day of the related Collection Period and (ii) multiplying by 12.
Custodian Fee Rate means 0.02% per annum.
Custodian Fee Rate. [ ]% per annum.
Custodian Fee Rate means for any Distribution Date, a per annum rate, expressed as a percentage, equal to the product of (a) 0.0065% and (b) a fraction, the numerator of which is the aggregate Interest Bearing Unpaid Principal Balance (as of the first day of the related Collection Period), and the denominator of which is the aggregate Unpaid Principal Balance of the Mortgage Loans as of the first day of the related Collection Period.
Custodian Fee Rate. The rate set forth in the separate fee agreement that has been executed between the Custodian and the Trustee and that relates to the Mortgage Loans. Cut-off Date: September 1, 2005.
Custodian Fee Rate means _____% per annum.