Liquidation Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
Liquidation Fees has the meaning set forth in the Servicing Agreement.
Liquidation Fees means, in the event of any prepayment of a Loan owing to a Lender, and for the Interest Period during which such Loan was prepaid, the amount, if any, by which (i) interest would have accrued for each day during such Interest Period on the reduction of the principal amount of such Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Lender from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Paying Agent on behalf of the affected Lender to Company and Administrative Agent and shall be conclusive and binding for all purposes, absent manifest error.
Examples of Liquidation Fees in a sentence
The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(k) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Mortgage Loan Seller.
The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(l) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Mortgage Loan Seller.
The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4.1.12 above attributable to the Asset Review of such Mortgage Loan.
For clarification, no obligation of the Master Servicer or the Special Servicer to use reasonable efforts to collect fees from the related Mortgagor will change the obligation of the Master Servicer to pay such fees from general collections or other proceeds in accordance with Section 3.06(a) and Section 3.06A(a) of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation Fees are collected from or paid by the related Mortgagor.
The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(k) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Mortgage Loan Seller.
More Definitions of Liquidation Fees
Liquidation Fees has the meaning set forth in the Trust Agreement.
Liquidation Fees means, in the event of any prepayment of a Class A Revolving Loan pursuant to Section 2.11(c)(vii)(B) owing to a Class A Revolving Lender, and for the Interest Period during which such Class A Revolving Loan was prepaid, the amount, if any, by which (i) interest would have accrued at the Cost of Funds Rate for each day during such Interest Period on the reduction of the principal amount of such Class A Revolving Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Class A Revolving Lender from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Class A Managing Agent on behalf of the affected Class A Revolving Lender to Company and Paying Agent and shall be conclusive and binding for all purposes, absent manifest error.
Liquidation Fees means reimbursement for the costs and expenses for time and effort to sell or otherwise liquidate a Financed Vehicle after default and repossession.
Liquidation Fees paid with respect to the Mortgage Loan and any related Serviced Companion Mortgage Loan or B Note) that are reimbursable or payable to the Master Servicer, the Special Servicer, the Paying Agent, the Trustee, the Fiscal Agent, any Non-Serviced Mortgage Loan Master Servicer or any Non-Serviced Mortgage Loan Special Servicer, plus (D) if such Mortgage Loan or REO Mortgage Loan is being repurchased or substituted for by a Seller pursuant to the related Mortgage Loan Purchase Agreement, all expenses reasonably incurred or to be incurred by the Primary Servicer, the Master Servicer, the Special Servicer, the Depositor, the Paying Agent or the Trustee in respect of the Material Breach or Material Document Defect giving rise to the repurchase or substitution obligation (and that are not otherwise included in (C) above).
Liquidation Fees means, in the event of any prepayment of a Revolving Loan pursuant to Section 2.11(c)(vii)(B) owing to a Class A Revolving Lender or a Class B Revolving Lender, as applicable, and for the Interest Period during which such Revolving Loan was prepaid, the amount, if any, by which (i) interest would have accrued at the Cost of Funds Rate, with respect to any Class A Revolving Loan that was so prepaid, or the Alternative Rate, with respect to any Class B Revolving Loan that was so prepaid, for each day during such Interest Period on the reduction of the principal amount of such Revolving Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by such Class A Revolving Lender or Class B Revolving Lender, as applicable, from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Class A Managing Agent on behalf of the affected Class A Revolving Lender, or the Class B Agent on behalf of the affected Class B Revolving Lender, as applicable, to Company and Paying Agent and shall be conclusive and binding for all purposes, absent manifest error.
Liquidation Fees means, (i) in the case where the principal of an individual loan has been repaid or set off prior to the repayment date (including the case where the guaranteed obligation of a guarantor with respect to the principal of said individual loan has been repaid or set off), or (ii) In the case where the principal of an individual loan has been repaid or set off after the repayment date. The same shall apply hereinafter in this item.), (iii) In the case where the Individual Loan is not executed because all or part of the conditions in Article 5 are not satisfied, or (iv) in the case where the Borrower loses the benefit of term of the Individual Loan and the re-deployment interest rate is lower than the Applicable Interest Rate, the amount calculated by multiplying the principal amount subject to liquidation payment by the difference between the re-deployment interest rate and the Applicable Interest Rate and the actual number of days remaining in the remaining period. However, such amount shall be an amount that does not violate any laws or regulations. The “Commencement Date of Liquidation Payment Calculation” means, with respect to this item (i), the date of such repayment or offsetting, and with respect to this item (ii) and (iii), the desired date of execution with respect to such Individual Loan, and with respect to this item (iii), the date of such individual loan. The “principal amount subject to liquidation proceeds” means, with respect to this item (i), the principal amount on which the repayment or setoff was made, with respect to this item (ii) and (iii), the amount of the individual loans made with respect to such individual loans, and with respect to this item (iv), the principal amount of such individual loans on the date when the borrower forfeited the benefit of time, as reasonably determined by the lender. Remaining period” means the period from the commencement date of the liquidation payment calculation (including the same date) to the repayment date (including the same date). “Residual Period” means the period from the commencement date (including the same date) to the repayment date (including the same date). “Re-operation interest rate” means the interest rate reasonably determined by the lender based on the assumption that the principal amount subject to the liquidation proceeds is re-operated in the Tokyo interbank market over the remaining period.
Liquidation Fees means, with respect to any Purchaser on account of any prepayment of the Repurchase Price as described in Paragraph 7 hereof or the failure to consummate a purchase by Seller after delivery of a Confirmation, (i) the amount, if any, by which the additional Price Differential (but excluding the Applicable Margin, if included in such Price Differential) which would have accrued during such Settlement Period on the reductions of the Purchase Price allocated to the Tranches funded by such Purchasers had such repurchase not occurred or if such purchase had occurred, exceeds (ii) the income received by the Purchaser which holds such Tranche from the investment of the proceeds of such reductions. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the affected Purchaser (or the Agent on its behalf) to the Sellers and shall be conclusive and binding for all purposes, absent manifest error.