Receivables Servicer Servicing Fee definition

Receivables Servicer Servicing Fee means, with respect to a Collection Period and a Receivables Servicer, the fee payable to such Receivables Servicer for services rendered during such Collection Period, which shall equal one-twelfth of the Receivables Servicing Fee Rate multiplied by the aggregate Principal Balance of those Receivables serviced by such Receivables Servicer as of the first day of such Collection Period.
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Receivables Servicer Servicing Fee means, with respect to a collection period and a receivables servicer, the fee payable to that receivables servicer for services rendered during that collection period, which will equal one-twelfth of the Receivables Servicing Fee Rate multiplied by the aggregate principal balance of those receivables serviced by that receivables servicer as of the first day of such collection period.
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Receivables Servicer Servicing Fee means, with respect to a receivables servicer and a collection period, the amount of the servicing fee payable to such receivables servicer under the applicable receivables servicer servicing agreement, which amount shall not exceed one-twelfth of the Receivables Servicing Fee Rate multiplied by the aggregate principal balance of those receivables serviced by that receivables servicer as of the first day of that collection period.
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Examples of Receivables Servicer Servicing Fee in a sentence

  • To the extent that a Receivables Servicer does not retain its Receivables Servicer Servicing Fee from collections on Receivables serviced by it, the Servicer will pay any portion of that Receivables Servicer Servicing Fee that is not so retained directly to that Receivables Servicer.

  • The Receivables Servicers shall be entitled to the Receivables Servicer Servicing Fee.

  • It is acknowledged and agreed that (i) the Receivables Servicer Servicing Fee will be paid to the Receivables Servicer (including any successor sub-Servicer thereto) from the Collections on the related Receivables and (ii) if the Master Servicer becomes a direct servicer of Receivables in place of the Receivables Servicer (or any successor sub-Servicer thereto), the Master Servicer shall receive the Receivables Servicer Servicing Fee.

  • It is acknowledged and agreed that (i) the Receivables Servicer Servicing Fee will be paid to the Receivables Servicers (including any successor sub-Servicer thereto) from the Collections on the related Receivables and (ii) if the Master Servicer becomes a direct servicer of Receivables in place of any Receivables Servicer (or any successor sub-Servicer thereto), the Master Servicer shall receive the related Receivables Servicer Servicing Fee.

  • The Receivables Servicers shall be entitled to the Receivables Servicer Servicing Fee, which shall be payable as provided in Section 8.2 of the Indenture.

  • It is acknowledged and agreed that (i) the Receivables Servicer Servicing Fee will be paid to the Receivables Servicers (including any successor subservicer thereto) from the Collections on the related Receivables and (ii) if the Servicer becomes a direct servicer in place of any Receivables Servicer (or any successor subservicer thereto), the Servicer shall receive the related Receivables Servicer Servicing Fee.

Related to Receivables Servicer 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.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Primary Servicing Fee means, with respect to the Mortgage Loans, the Serviced Companion Loans and any related REO Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(18) of this Agreement.

  • 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.

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