Backup Servicer Fee means, for any Collection Period, the greater of (i) the product of one-twelfth of 0.0075% and the Pool Balance as of the first day of the preceding Collection Period (or in the case of the initial Collection Period, as of the Cutoff Date) and (ii) $2,500.
Backup Servicer Fee means the fee to be paid to the Backup Servicer as set forth in the Backup Servicing Agreement.
Backup Servicer Fee. The fee to be paid to the Backup Servicer under the terms of the Backup Servicer and Trustee Fee Letter.
Examples of Backup Servicer Fee in a sentence
FIRST First: Account Bank Fee, plus reimbursable expenses and indemnities (subject to annual cap per Section 9.01 of the Credit Agreement, so long as no Event of Default has occurred) Second: Servicer Fee and Backup Servicer Fee, plus reimbursable expenses and indemnities (subject to annual cap per Section 9.01 of the Credit Agreement) Account Bank $ Servicer $ Backup Servicer $ SECOND Interest, Unused Fees and Additional Unused Fees Funding Agents (on behalf of the Lenders) .
More Definitions of Backup Servicer Fee
Backup Servicer Fee means the annual administration fee payable to the Backup Servicer as provided in the fee letter agreement between the Issuer and U.S. Bank.
Backup Servicer Fee means, for any Distribution Date, the amount payable to the Backup Servicer as its regular fee on such Distribution Date pursuant to the Backup Servicer Fee Letter.
Backup Servicer Fee means any fee payable monthly by Borrower to a Backup Servicer, such fee, including, without limitation, fees for verification services, to be as specified in the applicable Backup Servicing Agreement.
Backup Servicer Fee. As set forth in the Backup Servicer and Collateral Custodian Fee Letter.
Backup Servicer Fee means, for any Remittance Period or portion thereof after the occurrence of a Servicer Default and the appointment of the Backup Servicer as Servicer hereunder, an amount, payable out of Collections on the Pledged Receivables and amounts applied to the payment of, or treated as payments on, the Pledged Receivables, equal to the Backup Servicing Fee Rate multiplied by the Net Eligible Receivables Balance as of the first day of such Remittance Period.
Backup Servicer Fee means, with respect to any Payment Date, the fee payable to the Backup Servicer, in an amount equal to the greater of (a) the product of (i) one-twelfth (1/12th), (ii) 0.034% and (iii) the Aggregate Implicit Principal Balance of Eligible Contracts as of the first day of the related Collection Period and (b) $1,500 per Collection Period.
Backup Servicer Fee means the fee payable to KPMG during the Period of Appointment in relation to a Trust and being the greater of the following amounts: