As to any Payment Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Administration Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Due Period.
Administration Fee Rate The sum of (i) the Servicing Fee Rate, (ii) the Master Servicing Fee Rate and (iii) the Credit Risk Management Fee Rate.
Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.
Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.
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.”
Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.
Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.
Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".
Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.
Custodian Fee Rate As to any Distribution Date, the applicable Custodian Fee for such Distribution Date, converted to a per annum rate on (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the first day of the related Interest Accrual Period and (ii) with respect to the Determination Date in July 2006 only, the portion of the Closing Date Deposit Amount allocable to principal (calculated on an actual/360 basis).
Certificate Administrator Fee Rate 0.0031% per annum.
Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.
Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.
Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.
Trustee Fee Rate 0.0025% per annum.
Servicer Fee has the meaning specified in Section 2.05(a).
Operating Advisor Fee Rate With respect to each Interest Accrual Period, a rate equal to 0.00125% per annum.
Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.
Servicing Advance Reimbursement Amounts As defined in Section 3.22.
Program Fee Rate has the meaning set forth in the Fee Letter.
Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.
Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.
Indenture Trustee Fee Rate means the per annum rate at which the Indenture Trustee Fee is calculated.
Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.
Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.
Servicing Rate means 1.00% per annum.
Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.