Securitization Fee definition
Securitization Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable, lease receivable or other right to payment or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Qualified Securitization Transaction.
Securitization Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable, rental agreements, chattel paper, lease receivable or other right to payment or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Qualified Securitization Transaction.
Securitization Fee means the amount determined by multiplying (x) the sum of (i) all Purchase Prices that Bank paid to CLF to purchase the Commercial Mortgage Loans that are the subject of the exercise of the Call Option or that are being disposed of by Bank under the terms of this Agreement and (ii) all amounts loaned by Bank to Mortgagors, less the Contribution Fees paid by CLF to Bank in respect of all Confirmed Loans that are, at the time of such purchase or disposition, Pool Assets that are the subject of the purchase or disposition, by (y) the Fee Rate. As used in this definition, the term “Fee Rate” means (a) for Commercial Mortgage Loans that are Pool Assets as of March 31, 2002, 50 basis points until August 1, 2002, and, commencing on August 1, 2002, the rate determined from the following Fee Rate Table; and (b) for Commercial Mortgage Loans that become Pool Assets on or after April 1, 2002, the rate determined from the following Fee Rate Table: < 60 days 0.25 % ³ 60 days but < 6 months 0.50 % ³ 6 months but < 366 days 0.75 % 366 days and greater 1.00 %
Examples of Securitization Fee in a sentence
The Securitization Fee shall be paid simultaneous with the closing of the applicable Securitized Entity; provided, however, the Company shall offset against any of the Management Fee, the Transaction Fee or the Securitization Fee the amount of any fees actually paid to the Managing Member or its Affiliate for providing on-going collateral management or other services to a Securitized Entity.
On a Repurchase Date, the Seller may provide Administrative Agent or an Affiliate thereof a right of first offer to act as a bookrunner in connection with a CRE CLO securitization transaction of the Seller or an Affiliate thereof with respect to such Purchased Asset for a fee at least equal to the Securitization Fee.
Credit Facility: Master Lease Line of Credit Equipment: XTRAC and SIS Laser Units Line Amount: $2,500,000.00 Initial Draw: To Be Determined Term: 36 months Securitization Fee: $50,000.00 (Equivalent to 2% of transaction amount) Warrants: 5% of each Draw, to be granted at the time of each Draw.
CLF also shall pay Bank the Securitization Fee in respect of any Securitization involving Pool Assets upon the later of: (i) the date on which the Exercise Price in respect of such Securitization is due and payable under the terms of the Call Option Agreement; or (ii) the date on which a majority of the securities, certificates, or other documents evidencing beneficial interests issued in connection with such Securitization are sold, transferred or assigned to any person or entity other than CLF.
More Definitions of Securitization Fee
Securitization Fee means (a) to the extent Administrative Agent or an Affiliate thereof acts as lead left bookrunner, an amount equal to the product of (x) 0.75% and (y) the note principal balance of the transaction or (b) to the extent that Administrative Agent or an Affiliate thereof acts as lead right bookrunner, a fee mutually agreed upon by the parties. DOCPROPERTY "CUS_DocIDChunk0" LEGAL02/42489492v6
Securitization Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable, rental agreements, chattel paper, lease receivable or other right to payment or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Qualified Securitization Transaction. “Securitization Parent” means a Domestic Subsidiary that is a Wholly Owned Subsidiary of the Borrower (a) substantially all of the assets of which consist of Capital Stock of one or more Securitization Subsidiaries or Securitization Parents, (b) which conducts no other business than holding such Capital Stock and (c) that is either wholly owned by one or more Loan Parties or by one or more Securitization Parents. “Securitization Residual Interests” means (a) any dividend or other distribution from a Securitization Subsidiary or Securitization Parent and any proceeds thereof, (b) Capital Stock or other investment property reflecting an ownership interest in (i) any Securitization Subsidiary (except to the extent that a grant of a security interest in the Capital Stock or other investment property of such Securitization Subsidiary is restricted by or would constitute a breach or default under or result in or give rise to the right of termination under any contract, agreement or instrument entered into by such Securitization Subsidiary and the provider of debt (or purchaser of Securitization Assets, as applicable) in connection with such Qualified Securitization Transaction) or (ii) any Securitization Parent, (c) any interest, certificate, general intangible, chattel paper, instrument or document issued in connection with a Securitization Transaction that evidences a residual interest in a Securitization Transaction and (d) any other residual interest in a Securitization Transaction, in each case, to the extent an asset of a Loan Party. “Securitization Subsidiary” means a trust, bankruptcy remote entity or other special purpose entity which is (A) a Domestic Subsidiary that is a Wholly Owned Subsidiary of the Borrower, (B) wholly owned directly by either (I) one or more Loan Parties or (II) a Securitization Parent and (C) which is formed for the purpose of and engages in no material business other than acting as an issuer or a depositor or borrower in a Qualified Securitization Transaction (and, in connection therewith, owning Securitization Assets and pledging or transferring any of th...
Securitization Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable, lease receivable or other right to payment or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Qualified Securitization Transaction. “Securitization Subsidiary” means a trust, bankruptcy remote entity or other special purpose entity which is a wholly owned Restricted Subsidiary of the Borrower (or another Person formed for the purposes of engaging in Qualified Securitization Transactions with the Borrower or any Subsidiary of the Borrower in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary of the Borrower transfers Securitization Assets) and which is formed for the purpose of and engages in no material business other than acting as an issuer or a depositor or borrower in a Securitization Transaction (and, in connection therewith, owning Securitization Assets and pledging or transferring any of the foregoing or interests therein and engaging in any business or activities incidental or related thereto), and:
Securitization Fee means the amount determined by multiplying (x) the sum of (i) all Purchase Prices that Bank paid to CLF to purchase Commercial Mortgage Loans from CLF that are being purchased by exercise of the Call Option or that are being disposed of by Bank under the terms of this Agreement and (ii) all amounts loaned by Bank to Mortgagors, less the Contribution Fees paid by CLF to Bank, in respect of all Confirmed Loans that are, at the time of such purchase or disposition, Pool Assets that are the subject of the purchase or disposition, by (y) 50 basis points.
Securitization Fee has the meaning set forth in Section 17.5 hereof.
Securitization Fee has the meaning specified in the Pricing Side Letter.