Definition of Portfolio Total Spread


Portfolio Total Spread means, with respect to each Portfolio, for each Collection Period, the sum of the following: (a) the Portfolio Collections received during such Collection Period, net of the Base Servicing Fee; and (b) all other amounts payable by a loan owner or master servicer to the Company with respect to the Servicing Rights for the Portfolio Mortgage Loans, including any Portfolio Termination Payments, but for the avoidance of doubt, excluding all reimbursements for advances and other out-of-pocket expenditures received by the Company from a loan owner in accordance with the applicable Servicing Agreements and Agency Guides.
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