Special Servicing Fees definition

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.
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Special Servicing Fees shall have the meaning assigned to such term in the Securitization Servicing Agreement.
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Special Servicing Fees. Special Servicer Workout Fee: 0.00 Special Servicer Liquidation Fee Amount: 0.00 Special Servicer Fee Amount plus Adjustments: 0.00 Total Special Servicer Fees Collected: 0.00 Most Recent ASER Amount: 0.00 Other Expenses or Shortfalls: 0.00 Total Unscheduled Expenses or Shortfalls: 0.00 Net Interest Amount: 0.00
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Examples of Special Servicing Fees in a sentence

  • Excessive and unreliable Trust Expenses as well as excessive and unreliable Special Servicing Fees are red flags that signal poor financial health of the Trust.

  • The data regarding the number of bankruptcies, aggregate Special Servicing Fees, and aggregate Trust Fund Expenses was routinely incomplete, false, and/or misleading.

  • The sole purpose of these “advances” was to (1) maintain their “Controlling Class Interest” in the Trust, thus permitting them to remain as Special Servicer and collect Special Servicing Fees, including foreclosure fees and interest on reserves for replacements paid by borrowers; (2) assure themselves payment of monthly interest and principal on their “B-Piece” investments in the Trust; and (3) have unlimited access to an intimidating litigation war chest.

  • All Special Servicing Fees paid to ORIX (and the KeyCorp Defendants since April 2006) in the MLMI (in excess of $2 .1 Million) and FULBBA Trusts.

  • Promptly following demand by Secured Debt Holder, the Plan Debtor shall pay, as incurred, the Special Servicing Fees for the Loan that accrue under the Servicing Agreement during the period commencing on the first day after the Effective Date and ending on the earlier of (a) the date the Loan is transferred back to the Master Servicer under and as defined in the Servicing Agreement (the “Master Servicer”) and (b) the date that is ninety (90) days after the Effective Date.

  • In case of any irrelevant or non-readable files, non-submission of any of the below mentioned documents in the bid may be rejected.

  • Servicing Fees, much less prove that Wilmington Trust’s claim falls under any grounds for disallowance pursuant to § 502(b).Accordingly, Debtor’s Claim Objection with respect to the Special Servicing Fees is overruled, and the $12,051.40 claim for Special Servicing Fees is allowed pursuant to § 502(a).

  • Debtor’s Objection to Special Servicing Fees in the amount of $12,051.40 is OVERRULED.

  • Indeed, the fact that the C30 PSA has to treat the regular Special Servicing Fees as an Additional Trust Fund Expense – precisely because they are not an expense incurred in liquidating the property – makes clear that Penalty Interest is not a Liquidation Expense either.

  • Additional Trust Fund Expenses – which are a component of the Purchase Price deducted from Liquidation Proceeds when calculating Gain-on-Sale Proceeds – include Special Servicing Fees paid to the Special Servicer, but do not include Penalty Interest.


More Definitions of Special Servicing Fees

Special Servicing Fees shall have the meaning set forth in Section 6.2(f).
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Related to Special Servicing Fees

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

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

  • 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.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Supplemental Servicing Fees means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by applicable law with respect to any Receivable.

  • 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.

  • 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.

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

  • 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.

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

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Investor Servicing Fee means, with respect to any Distribution Date, an amount equal to the product of the Investor Servicing Fee Percentage and the Series Investor Interest on the first day of the Due Period related to such Distribution Date (or in the case of the first Distribution Date for the Series established hereby, the Series Initial Investor Interest).

  • 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.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Excess Servicing Fee For each calendar month, as to each Mortgage Loan, the portion of the related Excess Servicing Fee Rate applicable to such month (determined in the same manner as the applicable Mortgage Rate determined for such Mortgage Loan for such month) multiplied by the Scheduled Principal Balance of such Mortgage Loan immediately before the Due Date occurring in such month, but prorated for the number of days during the calendar month for such Mortgage Loan for which interest actually accrues on such Mortgage Loan and only from collections on such Mortgage Loan.