Recovery Fee definition

Recovery Fee means for each item of Collections which the Borrower has failed to remit as required by the Agreement, a fee equal to the lesser of $5,000 or 5% of the amount of such item, but in no case less than $1,000.

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Recovery Fee. A customary fee charged for the collection of Liquidation Proceeds on any Mortgage Loan after the date that such Mortgage Loan became a Liquidated Mortgage Loan.

Examples of Recovery Fee in a sentence

If we terminate this Agreement for non-payment by you, you shall be responsible for any applicable Cost Recovery Fee.
This Cost Recovery Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.
Student and Parent understand and agree that they are bound by and agree to the Technology Recovery Fee schedule detailing repair costs for the different mobile devices and peripherals.
Viasat retains the right to collect an Administrative Cost Recovery Fee as allowed by law to help cover any costs to comply with federal, state and local regulatory requirements.
If you move to a location outside your local utility’s service territory, you may cancel this Agreement and you will not incur a Cost Recovery Fee, provided that you send XOOM written notice of your move, including your new address.

More Definitions of Recovery Fee

Recovery Fee means the amount collected during the sale of the preneed funeral contract;

Recovery Fee means: (a) NetApp’s reasonable costs of deinstallation and repossession of the Subscription Hardware; and (b) any costs associated with any damage or loss of Subscription Hardware that occurred while in End User’s possession.

Recovery Fee. A customary fee calculated based on additional recovery amounts charged for the collection of such additional recovery amounts on any Mortgage Loan after the date that such Mortgage Loan became a Liquidated Mortgage Loan. Regulation AB: Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Mortgage Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

Recovery Fee. The fee payable to Servicer in connection with (x) the sale of, or receipt of any condemnation or insurance proceeds with respect to, a Specially Serviced Loan or REO Property pursuant to Section 3.08 of this Agreement or (y) the curing of any event of default under the Serviced Loan through restructure or work-out of the Serviced Loan, which fee will be an amount equal to: (a) with respect to clause (x) above, 1.0% of all liquidation, condemnation and insurance proceeds received with respect to the Serviced Loan; and (b) with respect to clause (y) above, 1.0% of all principal and interest received (i) in connection with any full, partial or discounted payoff made pursuant to such restructuring or work-out and (ii) from and after the date that Borrower has made 3 timely consecutive monthly payments under the terms of the Serviced Loan, as amended.

Recovery Fee. With respect to each Specially Serviced Mortgage Loan, Workout Mortgage Loan and REO Loan, the fee payable to the Special Servicer out of certain related principal recoveries pursuant to the second paragraph of Section 3.11(c).

Recovery Fee means the fee authorized in Subsection 59-2-2002(1).

Recovery Fee shall have the meaning set forth in Section 5.2.4 below.