Backup Servicing Fee Letter definition

Backup Servicing Fee Letter means (i) the fee letter, dated October 20, 2010, setting forth the Backup Servicing Fees payable to the Backup Servicer; and (ii) any replacement backup servicing fee letter entered into from time to time with the prior written consent of the Majority Purchasers; in each case as such letters may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof.
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Backup Servicing Fee Letter means the fee letter (if any) approved in writing by the Control Party, setting forth the Backup Servicing Fees payable to the Backup Servicer, as the same may be amended, supplemented or otherwise modified from time to time with the prior written consent of the Control Party.
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Backup Servicing Fee Letter means the fee letter (if any) approved in writing by the Control Party, setting forth the Backup Servicing Fees payable to the Backup Servicer, as the same may be amended, supplemented or otherwise modified from time to time with the prior written consent of the Control Party. "BACKUP SERVICING FEES" means all fees and reimbursable expenses (excluding Transition Expenses) payable pursuant to the Backup Servicing Agreement or the Backup Servicing Fee Letter. "BANK RATE" for any Purchaser for any Yield Period for any Portion of Investment means an interest rate PER ANNUM equal to the Applicable Margin above the Eurodollar Rate for such Purchaser for such Yield Period; provided, further, that in the case of
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Examples of Backup Servicing Fee Letter in a sentence

  • As compensation therefor, the Backup Servicer or Fair, as the case may be, shall thereafter be entitled to the Servicing Fee together with any other rights to reimbursement to which the Servicer is entitled as specified herein, Transition Expenses and, solely in the case of the Backup Servicer, the one-time successor servicer fee specified in the Backup Servicing Fee Letter.

  • As compensation therefor, the Backup Servicer shall thereafter be entitled to the Servicing Fee together with the one-time successor servicer fee specified in the Backup Servicing Fee Letter, any other rights to reimbursement to which the Servicer is entitled as specified herein, plus Transition Expenses.

  • The Agent shall pay to the Backup Servicer out of the Agent's Fee, a collection fee (the "Backup Servicing Fee") -------------------- in the amounts and on the dates set forth in the Backup Servicing Fee Letter.

  • As compensation for its back-up servicing activities hereunder, the Backup Servicer shall be entitled to receive a Backup Servicing Fee as agreed to between the Backup Servicer, the Borrower and the Agents in the Backup Servicing Fee Letter (the "Backup Servicing Fee") in accordance with Sections 2.7(iv) or 2.8(iv) as applicable.


More Definitions of Backup Servicing Fee Letter

Backup Servicing Fee Letter means the letter agreement dated as of even --------------------------- date herewith between the Backup Servicer and the Agent, as amended or otherwise modified from time to time.
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Related to Backup Servicing Fee Letter

  • Backup Servicing Agreement means the Backup Servicing Agreement dated as of the Closing Date, among the Backup Servicer, Credit Acceptance, the Seller, the Issuer and the Trust Collateral Agent.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Servicing Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the outstanding principal balance of such Mortgage Loan as of the first day of the related Collection Period.

  • Back-Up Servicer means, initially, Xxxxx Fargo Bank, National Association, and at any other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement.