Recovery Fee definition

Recovery Fee means for each item of Collections which the Borrower has failed to remit as required by the Agreement, a fee equal to the lesser of $5,000 or 5% of the amount of such item, but in no case less than $1,000.

Recovery Fee. A customary fee calculated based on additional recovery amounts charged for the collection of such additional recovery amounts on any Mortgage Loan after the date that such Mortgage Loan became a Liquidated Mortgage Loan.

Recovery Fee. A customary fee charged for the collection of Liquidation Proceeds on any Mortgage Loan after the date that such Mortgage Loan became a Liquidated Mortgage Loan.

Examples of Recovery Fee in a sentence

• If the Servicer continues to pursue recovery, the Servicer shall be entitled to the Recovery Fee with respect to that Mortgage Loan and to be reimbursed for any Servicer Advances and expenses from Recovery Amounts with respect to such Mortgage Loan as though such Mortgage Loan continued to be an Outstanding Mortgage Loan hereunder.

• If Borrower fails to remit any Collections to Lender as provided in Section 2.5, Borrower shall in each case pay to Lender the Recovery Fee for such Collections.

• If, pursuant to any provision hereof, the duties of the Master Servicer or the Special Servicer are transferred to a successor thereto, the Master Servicing Fee (except as expressly contemplated by Section 3.11(a)), the Special Servicing Fee, any Workout Fee (except as expressly contemplated by Section 3.11(c)) and/or any Principal Recovery Fee, as applicable, that accrues pursuant hereto from and after the date of such transfer shall be payable to such successor.

• If, pursuant to any provision hereof, the duties of either Master Servicer or the Special Servicer are transferred to a successor thereto, the applicable Master Servicing Fee (except as expressly contemplated by Section 3.11(a)), the Special Servicing Fee, any Workout Fee (except as expressly contemplated by Section 3.11(c)) and/or any Principal Recovery Fee, as applicable, that accrues pursuant hereto from and after the date of such transfer shall be payable to such successor.

• Notwithstanding any provision of this Agreement, a Mortgage Loan may be deemed to be finally liquidated if substantially all amounts expected by the Servicer to be received in connection therewith have been received; provided, however, that the Servicer may continue to pursue recovery of such Mortgage Loan and any subsequent collections, minus any Recovery Fee, with respect to any such Mortgage Loan shall be deposited into the Custodial Account.

More Definitions of Recovery Fee

Recovery Fee means the amount collected during the sale of the preneed funeral contract;

Recovery Fee means all fees associated with winching, rolling, dragging, and moving a vehicle, onto the roadway.

Recovery Fee means for each item of Collections which Borrower has failed to remit as required by the Agreement, a fee equal to the lesser of $5,000 or five percent (5%) of the amount of such item, but in no case less than $1,000.

Recovery Fee means: (a) NetApp’s reasonable costs of deinstallation and repossession of the Subscription Hardware; and (b) any costs associated with any damage or loss of Subscription Hardware that occurred while in End User’s possession.

Recovery Fee. The fee payable to Servicer in connection with (x) the sale of, or receipt of any condemnation or insurance proceeds with respect to, a Specially Serviced Loan or REO Property pursuant to Section 3.08 of this Agreement or (y) the curing of any event of default under the Serviced Loan through restructure or work-out of the Serviced Loan, which fee will be an amount equal to: (a) with respect to clause (x) above, 1.0% of all liquidation, condemnation and insurance proceeds received with respect to the Serviced Loan; and (b) with respect to clause (y) above, 1.0% of all principal and interest received (i) in connection with any full, partial or discounted payoff made pursuant to such restructuring or work-out and (ii) from and after the date that Borrower has made 3 timely consecutive monthly payments under the terms of the Serviced Loan, as amended.

Recovery Fee. A customary fee calculated based on additional recovery amounts charged for the collection of such additional recovery amounts on any Mortgage Loan after the date that such Mortgage Loan became a Liquidated Mortgage Loan. Regulation AB: Subpart 229.1100 — Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Mortgage Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

Recovery Fee. A customary fee calculated based on additional recovery amounts charged for the collection of such additional recovery amounts on any Home Loan after the date that such Home Loan became a Liquidated Home Loan.