Backup Servicer Fees definition

Backup Servicer Fees means the fees payable to the Backup Servicer pursuant to the Backup Servicing Agreement, the Sale and Servicing Agreement and the Indenture.

Backup Servicer Fees means any fees payable to the Backup Servicer in accordance with the Sale and Servicing Agreement and the Backup Servicer Engagement Letter.

Backup Servicer Fees means the fees payable to the Backup Servicer pursuant to the Backup Servicing Agreement.

Examples of Backup Servicer Fees in a sentence

• Unless and until the Backup Servicer or another Person is appointed as Successor Servicer, on the Payment Date relating to the Initial Collection Period and each Payment Date thereafter the Backup Servicer shall be entitled to receive the Backup Servicer Fees in accordance with the terms of the Sale and Servicing Agreement and the Indenture.

• The Backup Servicer will not make any changes to the Backup Servicer Fees without the prior written approval of the Administrative Agent and the Borrower.

• The Backup Servicer will not make any changes to the Backup Servicer Fees without the prior written approval of the Administrative Agent.

• The Backup Servicer’s entitlement to receive the Backup Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer, or (iii) the Termination of this Agreement.

• On each Payment Date to the extent that any Backup Servicer Fees are then due and payable, the Servicer will instruct the Indenture Trustee in writing to withdraw an amount equal to such Backup Servicer Fees then due and payable, and distribute such amount to the Person entitled thereto.

• The Backup Servicer’s entitlement to receive the Backup Servicer Fee (other than due and unpaid Backup Servicer Fees owed through such date) shall cease on the earliest to occur of: (i) it becoming the Successor Servicer, (ii) its removal as Backup Servicer, or (iii) the termination of this Agreement.

• If the amount on deposit in the Backup Servicer Account on any Payment Date (after giving effect to the withdrawal therefrom for the payment of Backup Servicer Fees for such Payment Date) is greater than the Backup Servicer Account Required Amount, the excess will be released to the Seller.

• The government servants who wish to appear at a competitive examination conducted by UPSC/SSC, may submit their applications directly to the Commission under intimation to their Controlling Officers.

• Calculation of Servicing Fees Aggregate Principal Balance as of the first day of the Monthly Period $181,419,131.61 Multiplied by Basic Servicing Fee Rate 1.25% Multiplied by months per year 0.08333333 ------------------ Basic Servicing Fee $188,978.26 Less: Backup Servicer Fees $0.00 Supplemental Servicing Fees $0.00 --------------- Total of Basic Servicing Fees and Supplemental Servicing Fees $188,978.26 ================= XIII.

• In summary, the service providers who cover all parking functions were very keen to provide a “one stop” service.

More Definitions of Backup Servicer Fees

Backup Servicer Fees. The meaning ascribed to such term in Section 2.4(a)(i) of this Agreement.

Backup Servicer Fees means the sum of (a) no more than three basis points per annum of the unpaid principal balance of the Loans, beginning with the September 2000 Payment Date, (b) in the event Fairbanks Capital Corp. becomes the Servicer in accordance with the terms of the initial Backup Servicing Agreement, (i) an amount equal to no more than $15.00 per Loan then included in the Trust Fund, including Loans in foreclosure and REO, and (ii) upon termination of the Backup Servicer as Servicer for any reason other than a Servicer Termination Event as defined in Section 7.01(a)(i) through (v) or a failure of the Servicer to satisfy the tests set forth in Schedule C to the Backup Servicer Agreement, an amount equal to no more than $20.00 per Loan then included in the Trust Fund, including Loans in foreclosure and REO, and (c) in the event that a Person other than Fairbanks Capital Corp. becomes Bankup Servicer, such amounts as may be set forth in the related Backup Servicer Agreement.

Backup Servicer Fees is defined in the Backup Servicing Agreement.

Backup Servicer Fees means the fees payable to the Backup Servicer pursuant to the Backup Servicing Agreement which in any event shall not accrue at a rate per annum in excess of [Confidential].

Backup Servicer Fees means the greater of (a) 1/12 of 0.015% of the Pool Balance as of the first day of each Collection Period and (b) $4,000.