Securities Administration Fee definition

Securities Administration Fee. With respect to any Distribution Date, the product of (x) one-twelfth of the Securities Administration Fee Rate and (y) the Pool Balance as of the opening of business on the first day of the related Due Period.

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Securities Administration Fee. With respect to any Distribution Date, an amount equal to a portion of the investment earnings on amounts on deposit in the Distribution Account earned during the Securities Administrator Investment Period payable under the terms hereof. Seller: ▇.▇. ▇▇▇▇▇▇ Mortgage Acquisition Corp., a Delaware corporation. Senior Certificates: Collectively, the Group 1A and Group 2A Certificates.

Securities Administration Fee. As to the Re-REMIC Certificates and any Distribution Date, an amount payable out of amounts on deposit in the Re-REMIC Certificate Account and equal to the sum of (i) one-twelfth of the Securities Administration Fee Rate multiplied by the aggregate Certificate Principal Balance of such Re-REMIC Certificates as of the related Distribution Date prior to giving effect to any distributions of principal on such Distribution Date.

Examples of Securities Administration Fee in a sentence

• The Trustee shall withdraw from the Distribution Account on each Distribution Date and pay to the Securities Administrator the Securities Administration Fee pursuant to Section 4.01(i).

• The Securities Administrator shall be entitled to the Securities Administration Fee plus investment income on funds on deposit in the Distribution Account as set forth in Section 3.25.

• The Administrator’s fees under the Yield Maintenance Allocation Agreement and the Yield Maintenance Agreement shall be paid from a portion of the Securities Administration Fee.

• With respect to the Re-REMIC Fund, the Securities Administrator shall be entitled to receive on each Distribution Date the Securities Administration Fee for such Distribution Date.

• Such public announcement shall specify that the successor securities administrator shall be entitled to the full amount of the Securities Administration Fee as compensation together with the other securities administration compensation in the form of late reporting fees or otherwise as provided in Section 6.05, which amount shall include compensation for acting as paying agent.

• The Trustee will be paid the Trustee Fee by the Securities Administrator from the related Securities Administration Fee, and such other amounts as agreed to with the Securities Administrator and the Trustee.

• The Securities Administrator shall be entitled to receive a monthly fee equal to the Securities Administration Fee, as compensation for services rendered by the Securities Administrator under this Agreement.

• The Securities Administrator will be paid the Securities Administration Fee pursuant to Section 5.01 and such other amounts as agreed with the Seller.

• The Securities Administrator shall be entitled to receive the Securities Administration Fee.

• To the extent that amounts payable to the Securities Administrator under this Section 9.05, other than the Securities Administration Fee, are not paid by the Seller, such amounts shall be payable to the Securities Administrator by the Trust pursuant to Section 5.01(a)C.16.

More Definitions of Securities Administration Fee

Securities Administration Fee. With respect to each Mortgage Loan and Distribution Date, the amount of the fee payable to the Securities Administrator, which shall, for such Distribution Date, be equal to one-twelfth of the product of the Securities Administration Fee Rate with respect to such Mortgage Loan and the Stated Principal Balance of such Mortgage Loan. Such fee shall be payable monthly, computed on the basis of the same Stated Principal Balance and period respecting which any related interest payment on a Mortgage Loan is computed.

Securities Administration Fee. The fee owed to the Securities Administrator pursuant to a letter agreement between the Servicer and the Securities Administrator.

Securities Administration Fee. As to any Distribution Date and each Mortgage Loan, the product of (i) one-twelfth of the Securities Administration Fee Rate and (ii) the outstanding principal balance of such Mortgage Loan as of the first day of the related Collection Period. Securities Administration Fee Rate: 0.004% per annum. Securities Administrator: ▇▇▇▇▇ Fargo Bank, N.A., not in its individual capacity but solely as Securities Administrator, or any successor in interest, or if any successor Securities Administrator shall be appointed as herein provided, then such successor Securities Administrator.

Securities Administration Fee means a monthly fee equal to the product of (a) the aggregate stated Principal Balance of the Mortgage Loans as of the prior Distribution Date (or the Cut-off Date in the case of the first Distribution Date) and (b) one-twelfth of the Securities Administration Fee Rate. Securities Administration Fee Rate: 0.005% per annum.

Securities Administration Fee. The fee payable monthly to the Securities Administrator on each Distribution Date for its services as Securities Administrator, in an amount equal to the product of (i) the Securities Administration Fee Rate and (ii) the Aggregate Mortgage Certificate Principal Balance as of the immediately preceding Distribution Date.

Securities Administration Fee. As to any Distribution Date and each Mortgage Loan, an amount equal to 1/12th the product of (a) the Securities Administration Fee Rate and (b) the outstanding Stated Principal Balance of such Mortgage Loan as of the prior Distribution Date (or as of the Cut-off Date in the case of the first Distribution Date).