Workout Fees definition

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

Workout Fees shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

Workout Fees shall have the meaning assigned to such term in the Securitization Servicing Agreement.

Examples of Workout Fees in a sentence

All expenses and losses relating to the Mortgage Loan and the Property (including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees), Cumulative Appraisal Reduction Amounts and certain other trust expenses, shall be allocated to the Notes in Reverse Sequential Order in accordance with this Agreement.
All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, Advance Interest Amounts, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, shall be allocated on a Pro Rata and Pari Passu Basis.
For clarification, no obligation of the Master Servicer or the Special Servicer to use reasonable efforts to collect fees from the related Mortgagor will change the obligation of the Master Servicer to pay such fees from general collections or other proceeds in accordance with Section 3.06(a) and Section 3.06A(a) of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation Fees are collected from or paid by the related Mortgagor.

Workout Fees has the meaning set forth in the Servicing Agreement.

Workout Fees has the meaning set forth in the Trust Agreement.

Workout Fees has the meaning set forth in the Servicing Agreement. This NOTICE OF GRANT OF SECURITY INTEREST IN TRADEMARKS (the “Notice”) is made and entered into as of [ ], by and between [XXXXXXXX’X RESTAURANTS LLC] [IHOP RESTAURANTS LLC], a Delaware limited liability company located at (“Grantor”), in favor of CITIBANK, N.A., a national banking association (“Citibank”), as trustee, located at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (“Trustee”).

Workout Fees in the amounts set forth in the servicing agreement, which amounts shall not exceed one-half of one percent (0.5%) of interest and principal collections on the Loan so long as the Loan is a “corrected” mortgage loan, and (z) “special servicing fees” for the Loan for so long as the Loan is a specially serviced loan pursuant to the servicing agreement in the amounts set forth in the servicing agreement, which amounts shall not exceed one-quarter of one percent (0.25%) per annum, and (viii) the cost of Rating Agency Confirmations as set forth in Section 4.29(b) (and also including any required indemnities related thereto) (clauses (i) – (viii) are collectively, “Borrower Reimbursable Trust Fund Expenses”).

Workout Fees in the amounts set forth in the servicing agreement, and (d) “special servicing fees” for the Loan upon the Loan becoming a specially serviced loan pursuant to the servicing agreement in the amounts set forth in the servicing agreement; provided, however, that Borrower shall not be liable (x) for the payment of any such costs and expenses to the extent the same arise by reason of the gross negligence, illegal acts, fraud or willful misconduct of Lender or Servicer and (y) for the payment of any monthly master servicing fees. Any costs due and payable to Lender may be paid to Lender pursuant to the Cash Management Agreement.

Workout Fees has the meaning set forth in the Servicing Agreement. This NOTICE OF GRANT OF SECURITY INTEREST IN TRADEMARKS (the “Notice”) is made and entered into as of [____________], by and between [IHOP RESTAURANTS LLC] [APPLEBEE’S RESTAURANTS LLC], a Delaware limited liability company located at 000 Xxxxx Xxxxx Xxxx., 0xx Xxxxx, Xxxxxxxx, XX 00000-0000 (“Grantor”), in favor of CITIBANK, N.A., a national banking association (“Citibank”), as trustee located at 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (“Trustee”).

Workout Fees. As defined in the Property Management Agreement.