Examples of Servicing Administration Fee in a sentence
The obligation of the Issuer to pay the Servicing Administration Fee is limited to, and the Servicing Administration Fee is payable from, the interest portion (including recoveries with respect to interest from Liquidation Proceeds) of such Scheduled Payment collected by the Servicer, or as otherwise provided in Section 4.02(e)(2).
Such Servicing Administration Fee shall be payable monthly and retained by the Servicer or the Subservicer, as applicable.
Through its Security Screening Program, CSIS prevents non-Canadians who pose security concerns from entering Canada or receiving permanent resident status or citizenship; the Service also safeguards the confidential information of the Government of Canada from foreign governments and other entities that may present a risk.54Due to the secretive nature of CSIS, it was impossible to obtain source documentation on the nature of CSIS assistance to NEO.
The Servicer and the Subservicer shall be obligated to remit to the Master Servicer on each Servicer Remittance Date the Prepayment Interest Shortfall Amount, only up to an amount equal to in the aggregate the Servicing Administration Fee the Servicer and the Subservicer are entitled to receive for such Due Period.
The Servicing Administration Fee payable to or retained by the Servicer or the Subservicer, as applicable, with respect to any Due Period shall be reduced by the Prepayment Interest Shortfall Amount for the related Prepayment Period required to be deposited in the Custodial Account and remitted to the Master Servicer on the related Servicer Remittance Date.
All funds received on or in connection with a Mortgage Loan, other than the Master Servicing Fee, the Servicing Administration Fee and other compensation and reimbursement to which the Servicer, the Subservicer and the Master Servicer are entitled as set forth herein, including but not limited to Sections 4.04 and 4.21 below, shall be received and held by them in trust for the benefit of the Indenture Trustee pursuant to the terms of this Agreement.
All funds received on or in connection with a Mortgage Loan, other than the Master Servicing Fee, the Servicing Administration Fee and other compensation and reimbursement to which the Servicer, the Subservicer and the Master Servicer are entitled as set forth herein, including but not limited to Sections 4.04(c) and 4.21 below, shall be received and held by them in trust for the benefit of the Indenture Trustee pursuant to the terms of this Agreement.
The Servicer and the Subservicer shall be obligated to remit to the Trust Administrator on each Servicer Remittance Date the Prepayment Interest Shortfall Amount, only up to an amount equal to in the aggregate the Servicing Administration Fee the Servicer and the Subservicer are entitled to receive for such Due Period.
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Such Servicing Administration Fee shall be payable monthly and retained by the Servicer.