Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”
Primary Servicing Fee Rate. With respect to each Mortgage Loan that is subject to a Sub-Servicing Agreement as of the Closing Date, the rate per annum specified as such in the Mortgage Loan Schedule.
Primary Servicing Fee Rate shall have the meaning set forth in the Lead Securitization Servicing Agreement.
Examples of Primary Servicing Fee Rate in a sentence
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The “Net Mortgage Rate” with respect to each Pooled Mortgage Loan means the following: • with respect to each Pooled Trust Component, the Pooled Trust Component Net Mortgage Rate set forth below; and • with respect to each other Pooled Mortgage Loan, the Interest Rate net of the Servicing Fee Rate, the Trustee Fee Rate and, in the case of the John Hancock Complex Loan, the Primary Servicing Fee Rate.
More Definitions of Primary Servicing Fee Rate
Primary Servicing Fee Rate means, the monthly fee payable to the Primary Servicer (or the Master Servicer, as applicable) based on the per annum rate specified on the Mortgage Loan Schedule, as more specifically described, in the case of the Primary Servicer, in the Primary Servicing Agreement (determined in the same manner (other than the rate of accrual) as the applicable Mortgage Rate is determined for such Mortgage Loan for such month).
Primary Servicing Fee Rate means, the rate per annum at which the monthly Primary Servicing Fee payable to the applicable Primary Servicer (or the applicable Master Servicer, as applicable) accrues, which rate is the per annum rate specified on the Mortgage Loan Schedule, as more specifically described, in the case of the Primary Servicers, in the applicable Primary Servicing Agreement (determined in the same manner (other than the rate of accrual) as the applicable Mortgage Rate is determined for such Mortgage Loan for such month).
Primary Servicing Fee Rate shall have the meaning set forth in Section 3.10(a) hereof.
Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the Serviced Pari Passu Companion Loan and each REO Mortgage Loan, the rate that corresponds to such Mortgage Loan or Serviced Pari Passu Companion Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee %.”
Primary Servicing Fee Rate. With respect to each Mortgage Loan or Serviced Companion Loan, the rate per annum set forth on Exhibit B-2.
Primary Servicing Fee Rate. With respect to the Mortgage Loans the rate set forth on the Mortgage Loan Schedule.