Examples of Interim Servicing Fee in a sentence
Each such payment of any Interim Servicing Fee, Interim Management Fee and Management Fee shall be made in the manner described in the Custodial and Paying Agency Agreement (and, as applicable, on the Distribution Date with respect to the applicable Due Period).
During the related Interim Servicing Period, the Seller shall be entitled to retain from payments received by it on the Mortgage Loans the related Interim Servicing Fee and shall be entitled to retain all Ancillary Fees to which Seller is entitled.
With respect to each Mortgage Loan, the Purchaser shall be entitled to (1) all payments and/or recoveries of principal collected after the related Cut-off Date, and (2) all payments of interest on such Mortgage Loan collected after the Cut-off Date, net of the related Interim Servicing Fee.
The Interim Servicing Fee shall be pro-rated for any partial reporting period for which Mortgage Loans are serviced by Servicer pursuant to this Interim Servicing Agreement.
As compensation for its services hereunder, the Company shall be entitled to receive on the Mortgage Loans the amounts provided for as the Company's Interim Servicing Fee and Ancillary Income.