Minimum Servicing Compensation definition

Minimum Servicing Compensation has the meaning set forth in the Freddie Mac Acknowledgment Agreement.
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Minimum Servicing Compensation has the meaning given such term in the Acknowledgment Agreement.
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Minimum Servicing Compensation an amount equal to [***] per annum of the aggregate unpaid principal balance of all Covered Mortgage Loans.
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Examples of Minimum Servicing Compensation in a sentence

  • Upon a default hereunder, the Borrower shall deposit all Collections (other than the Freddie Mac Minimum Servicing Compensation and Excluded Collateral) by it into the Collection Account within two (2) Business Days of receipt thereof.

  • The Lender may, at any time and without notice to, or consent from, the Borrower, transfer, or direct the transfer of, funds from the Collection Account (other than the Freddie Mac Minimum Servicing Compensation and Excluded Collateral deposited by Borrower in the Collection Account) to satisfy the Borrower’s obligations under the Facility Documents if an Event of Default shall have occurred and be continuing.

  • To the extent at any time, Borrower deposits Freddie Mac Minimum Servicing Compensation or Excluded Collateral into the Collection Account, Borrower shall be entitled to withdraw such Freddie Mac Minimum Servicing Compensation or Excluded Collateral from the Collection Account.

  • Notwithstanding anything in this Agreement to the contrary, in no event will Borrower be required to deposit into any Collection Account any Minimum Servicing Compensation or Excluded Amounts, and Lender shall have no right to receive any Minimum Servicing Compensation or Excluded Amounts.

  • If at any time Borrower deposits into the Collection Account any Minimum Servicing Compensation or Excluded Amounts, Borrower shall be entitled to withdraw such Minimum Servicing Compensation or Excluded Amounts without any permission or consent from Lender.

  • The rights, interests, powers and prerogatives of Freddie Mac constitute an “adverse claim” relating to a “financial asset” (as defined in Article 8 of the UCC) with respect to any Freddie Mac Servicing Contract Rights, any Collateral or the Freddie Mac Servicing Contract, and any payments under any such agreement (including without limitation any Freddie Mac Minimum Servicing Compensation).

  • The rights, interests, powers and prerogatives of ▇▇▇▇▇▇▇ ▇▇▇ constitute an “adverse claim” relating to a “financial asset” (as defined in Article 8 of the UCC) with respect to any ▇▇▇▇▇▇▇ ▇▇▇ Servicing Contract Rights, any Collateral or the ▇▇▇▇▇▇▇ ▇▇▇ Servicing Contract, and any payments under any such agreement (including without limitation any ▇▇▇▇▇▇▇ ▇▇▇ Minimum Servicing Compensation).

  • Following the occurrence of an Event of Default under the Loan Documents, Borrower will not deposit into any Covered Account (as defined in the Acknowledgment Agreement) the Minimum Servicing Compensation, and Borrower’s failure to deposit the Minimum Servicing Compensation into any such Covered Account shall not give rise to a default or Event of Default under the Loan Documents.

  • Notwithstanding the forgoing, Borrower shall be permitted to retain the Minimum Servicing Compensation at all times.

  • Borrower shall not withdraw or direct the withdrawal or remittance of any collections related to the Collateral from any custodial account into which such amounts have been deposited other than to remit such amounts to the Servicing Payment Account; provided, however, Borrower shall be permitted to retain the Minimum Servicing Compensation at all times.


More Definitions of Minimum Servicing Compensation

Minimum Servicing Compensation means an amount equal to the greater of the actual cost to perform the servicing under the Approved Servicing Agreement or [***] per annum of the aggregate unpaid principal balance of all Mortgage Loans subject to this Agreement which is paid to Servicer in accordance with the Approved Servicing Agreement.
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Related to Minimum Servicing Compensation

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Servicing Compensation With respect to each Distribution Date, the sum of (i) the aggregate Servicing Fee for such Distribution Date subject to reduction as provided in Section 3.17, (ii) any Ancillary Income, (iii) Excess Proceeds for the preceding month and (iv) the Servicer Custodial Account Reinvestment Income for such Distribution Date.

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Special Servicing Compensation With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to the Special Servicer.

  • Additional Special Servicing Compensation As defined in Section 3.11(d).