Servicing Cost definition

Servicing Cost means, as of any date of determination, an annualized percentage, calculated with reference to the Aggregate Eligible Pool Balance and the related Collection Period, equal to the monthly ratio of (a) the sum of all Servicing Fees and all collection fees during each such Collection Period divided by (b) the Aggregate Eligible Pool Balance as of the last day of the immediately preceding Collection Period, provided that the Servicing Cost shall not be less than 5%.
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Servicing Cost means, as of any date of determination, an annualized percentage, calculated with reference to the Aggregate Eligible Pool Balance and the related Collection Period, equal to the monthly ratio of (a) the sum of all Replacement Servicer Fees and all collection fees during each such Collection Period divided by (b) the Aggregate Outstanding Balance of all Purchased Receivables as of the last day of the immediately preceding Collection Period, provided that the Servicing Cost shall not be less than 3.5%.
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Servicing Cost. = the aggregate sum of the Servicing Fees corresponding to the tasks and duties to be performed by the Servicers under the Program, which shall in aggregate (for the group of Servicers) be equal to 0.25% (per annum) computed monthly on the basis of the Global Portfolio in EUR as of the previous Calculation Date (and multiplied by the number of days in the relevant Charges Period / 360 days) payable (excluding any taxes) in accordance with Clause 5 of the Servicing Agreement. Where “Funding Rate” means
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Examples of Servicing Cost in a sentence

  • The Servicing Cost assumptions may be adjusted to allow for one-off expenses (both actual and expected), for example, expenses arising from major redundancy programmes and/or merger implementations.

  • Since AOS are not readily identifiable with the projects, these are reimbursed generally through a percentage charge on project delivery known as Project Servicing Cost (PSC).

  • The Claimants and the Respondent agree that the average servicing cost on an area basis for the subject lands is $128,989.00 per hectare ($1.20 per square foot) as provided in the Servicing Cost Evaluation Report prepared by Bel-MK Engineering Ltd.

  • With respect to Project Servicing Cost, in 2011, the Conference6 reaffirmed the Organization’s policy of full cost recovery that had been approved by the Council in 2000, in line with Financial Regulation 6.7 and urged the Director-General to vigorously pursue improving administrative and operational support cost recovery from extra-budgetary activities.

  • The utilityWastewater, and Stormwater activities had a surplus of $3.9 million for the fiscal Total Debt by Service The cumulative Operating Surplus wasin some departments were offset by in- Debt Servicing Ratio by Service YTD Debt Servicing Cost RatioWater19.8%19.4%The 3% was based on the 4 Year Historicthe operation of several small water andWastewater25.3%24.1%Average Consumption Decrease of 2.68%wastewater systems.

  • In February 2001, a Presidential Decree established a ceiling of 5 percent for Project Servicing Cost (PSC) that UN agencies could charge to the GoB for project management.

  • Agree to provide confirmation of payment to the Orchard Community East Master Servicing Cost Sharing Agreement (OCEMSCSA) Group relating to the financial obligations as a result of subdivision development or to provide confirmation of settlement with the Group.

  • Contributions to FAO for the refurbishment and improvement of FAO premises (both at headquarters and in regional and subregional offices) are exempt from PSC charges; Link to FAO Policy on Project Servicing Cost Rates:http://internal.fao.org/ois/supcostpolweb.htmAppendix 2 Types of FAO Projects and Programmes 1.

  • Joint Servicing (Cost Allocation) Agreement Effective January 1, 2016, the Company along with its parent, ARX, and its affiliates entered into a Joint Servicing (Cost Allocation) Agreement with Progressive Casualty Insurance Company (“PCIC”).

  • Refer Note 6 above.2. In recognising the Upfront Income on Bilateral Assignment of Receivables, the Company has obtained professional opinion confirming that bilateral assignment of receivables is outside the purview of the RBI Guidelines on Securitisation of Standard Assets introduced with effect from February 1, 2006.3. Upfront income on Bilateral Assignment of Receivables is net of Provision for Credit Enhancements and Servicing Cost on assets derecognized – Rs.2,411.46 lakhs (2009- Rs.2,519.57 lakhs)4.

Related to Servicing Cost

  • 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.

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • 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.

  • Servicing In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Servicing Fee means the fee payable to the Servicer for services rendered during each Collection Period, determined pursuant to Section 4.08 of the Sale and Servicing Agreement.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Master Servicing Fee Rate With respect to each Mortgage 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 Fees With respect to each Mortgage Loan and REO Loan, the Master Servicing Fee and the Special Servicing Fee.

  • Non-Recoverable Servicing Advance Any portion of a Servicing Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current Servicing Advance, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Servicing Rate means 1.00% per annum.