Common use of Application of Penalty Charges and Modification Fees Clause in Contracts

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (CSAIL 2016-C6 Commercial Mortgage Trust), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2015-Ubs8), Pooling and Servicing Agreement (CSAIL 2015-C4 Commercial Mortgage Trust)

AutoNDA by SimpleDocs

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Loan or Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2014-Gc19), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2014-Gc18), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2014-Gc18)

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a the Non-Serviced Mortgage Loan Loans (to the extent remitted to the Master Servicer by the related an Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2017-H1), Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2014-Gc23), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2014-Gc22)

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan [or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) )] during the related Prepayment Period as follows:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Ii)

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:to

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2014-Gc21), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2014-Gc20)

AutoNDA by SimpleDocs

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2013-Gcj12), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2013-Gcj12)

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2013-Gcj14)

Application of Penalty Charges and Modification Fees. (a) On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges and Modification Fees (to the extent permitted under the related Co-Lender Agreement and not applied pursuant to Section 3.06(a)(ii) of this Agreement) received with respect to a Mortgage Loan, Serviced Whole Loan or a Non-Serviced Mortgage Loan (to the extent remitted to the Master Servicer by the related an Other Master Servicer and, in any event, subject to the related Co-Lender Agreement) during the related Prepayment Period as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2013-Gcj16)

Time is Money Join Law Insider Premium to draft better contracts faster.