Negative Fee definition

Negative Fee means the MEMBER’s Fee when the Modulation bonuses from which it benefits result in a payment by Eco TLC – Refashion to the MEMBER.
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Examples of Negative Fee in a sentence

  • Before applying the offsets in clause 9.4A, the Tranche Loss shall be deducted from (i.e. reduce), in order, (i) any Negative Initial Fee Amount for that year, (ii) any Negative Annual Fee Amount for that year, (iii) any Residual Negative Fee Amount from the immediately preceding International Portfolio Valuation Date, and (iv) any Negative Realised Fee Amount (in each case, to an amount not less than nil).

  • The calculation above would be rerun in relation to the other Disposed Asset (that gave rise to the -60m realised fee), and the sum of the two is the Additional Carry Forward that is added (as BF\52220204\8 - Copy Management Agreement 11 February 1994 as amended a positive number) to the Residual Negative Fee Amount under clause 9.4A.4.

  • In relation to each Wash-up Disposed Asset, an amount equal to “CF” calculated in accordance with the following formula shall be added (as a positive number) to the calculation of the “Residual Negative Fee Amount” for the next International Portfolio Valuation Date in accordance with clause 9.4A.4: CF = AV - PRO - PL - PIO - PAO.

  • Any Negative Initial Fee Amount, Negative Annual Fee Amount or Residual Negative Fee Amount that has not been deducted from a fee payable under clauses 9.4.1 or 9.4.3 pursuant to clauses 9.4A.1 to 9.4A.3 (inclusive), and does not relate to Disposed Assets, together with the Additional Carry Forward, if any, determined in accordance with clause 9.4B.1, shall be the “Residual Negative Fee Amount” for the next International Portfolio Valuation Date, and shall be expressed as a positive number.

  • Written Correspondence to payee (by Mail) $15.00 Written Correspondence to ▇▇▇▇▇ (by Express Mail) $20.00 Per proof of Payment not necessitated by a dispute (copy of cancelled check delivered to Merchant) $15.00 Payments returned due to Member (customer) Error $10.00 Insufficient Funds (each NSF item) $27.50 ACH Return Fee (each item) $27.50 Allow Account Negative Fee (each item) $27.50 TXBCU reserves the right to charge you for research time involving payments no longer available in your screen history.

Related to Negative Fee

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Liquidation Fee A fee payable to the Special Servicer with respect to a Liquidated Property or the liquidation of the Mortgage Loan (including, without limitation, all or any portion thereof that constitutes an REO Mortgage Loan), whether through judicial foreclosure, sale or otherwise, or in connection with the sale, discounted pay-off or other liquidation of the Mortgage Loan or Foreclosed Property, as to which the Special Servicer receives any Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds equal to the product of the Liquidation Fee Rate and the Net Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds related to such Liquidated Property, the liquidated Mortgage Loan or Foreclosed Property. The Special Servicer will not be entitled to receive a Liquidation Fee in connection with: (i) a repurchase by a Loan Seller of its Loan Seller Percentage Interest in the Trust Loan pursuant to the related Trust Loan Purchase Agreement (so long as such repurchase occurs within the cure period required under the related Trust Loan Purchase Agreement which cure period will not exceed 180 days); (ii) a sale of the Trust Loan, any Companion Loan or any Foreclosed Property by the Special Servicer to itself; (iii) a purchase of the Mortgage Loan by an applicable mezzanine lender pursuant to the purchase option included in the related mezzanine intercreditor agreement or similar agreement; provided that the Mortgage Loan is purchased within 90 days of the date on which the applicable purchase option notice was given to the applicable mezzanine lender; provided, that for the avoidance of doubt, if there are one or more purchase option notices that are delivered subsequent to the initial purchase option notice, as long as the event that resulted in the first purchase option notice has, within the 90 day period from the date the applicable purchase option notice was given to the applicable mezzanine lender, ceased, been cured, been waived by the Servicer or Special Servicer in writing, or otherwise is no longer in effect, such 90-day period shall commence on the date of any subsequent purchase option notice given to the related mezzanine lender; (iv) a purchase of the Trust Loan, a Companion Loan or the Foreclosed Property by the Controlling Class Representative or any affiliate thereof, if such purchase occurs within 90 days after the later of (x) the date on which the Special Servicer first delivers to the Controlling Class Representative for its approval the initial Asset Status Report and (y) the date on which the Special Servicing Loan Event that triggered the Asset Status Report occurred; or (v) the making of a Loss of Value Payment as contemplated by Section 2.9 of this Agreement unless the related Loan Seller does not make the particular Loss of Value Payment with respect to the Trust Loan until after more than 180 days following its receipt of notice or discovery of the Material Breach or Material Document Defect that gave rise to the payment of the particular Loss of Value Payment. Further notwithstanding the above, all Liquidation Fees and Work-out Fees payable with respect to the Mortgage Loan or the Property shall be offset by any Modification Fees collected or earned by the Special Servicer within the prior 24 months (determined as of the closing date of the work-out or liquidation as to which the subject Work-out Fee or Liquidation Fee became payable) in connection with any modification, restructure, extension, waiver, amendment or work-out of the Mortgage Loan, but only to the extent those fees have not previously been deducted from a Work-out Fee or Liquidation Fee.

  • Administrative Fee is defined in Section 4.1(a).

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.