Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.
Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to the sum of (a) one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount of all Receivables held by the Issuing Entity as of the first day of such Monthly Period (or, for the first Distribution Date, the Basic Servicing Fee Rate multiplied by a fraction, the numerator of which is 60 and the denominator of which is 360, multiplied by the Aggregate Receivables Face Amount as of the Closing Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date. Basic Servicing Fee Rate: 1.00% per annum.
Basic Servicing Fee. With respect to any Monthly Period, the fee payable to the Servicer for services rendered during such Monthly Period, which shall be equal to one-twelfth of the Basic Servicing Fee Rate multiplied by the Aggregate Principal Balance as of the Determination Date falling in such Monthly Period. BASIC SERVICING FEE RATE: 1.25% per annum.
Examples of Basic Servicing Fee in a sentence
The Basic Servicing Fee in respect of a Collection Period shall be calculated based on a 360 day year comprised of twelve 30-day months.
More Definitions of Basic Servicing Fee
Basic Servicing Fee. As defined in Section 2.09 of the Servicing Agreement.
Basic Servicing Fee. With respect to any Distribution Date, the product of (i) the Aggregate ABS Value of the Lease Assets at the opening of business on the first day of the related Monthly Period, (ii) 1/12 (or with respect to the first Distribution Date, a fraction, the numerator of which is 60 and the denominator of which is 360), and (iii) the Basic Servicing Fee Rate. Basic Servicing Fee Rate: 1.00% per annum.
Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to the sum of (a) one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount as of the first day of such Monthly Period (or, with respect to the first Distribution Date, one-sixth (1/6th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount as of the Cutoff Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date. Basic Servicing Fee Rate: 1.00% per annum.
Basic Servicing Fee means the fee payable to the Servicer on each Distribution Date, calculated pursuant to Section 3.09, for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.
Basic Servicing Fee. With respect to any Payment Date, the fee payable to the Servicer for services rendered during the related Collection Period, which shall be equal to one-twelfth of 1.00% multiplied by the Aggregate Principal Balance as of the open of business on the first day of the related Collection Period.
Basic Servicing Fee means the fee payable to the Servicer on each Payment Date, calculated pursuant to Section 4.09, for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate, multiplied by the aggregate Principal Balance of the Receivables as of the first day of the related Collection Period [(or, with respect to the first Payment Date, two-twelfths of the Servicing Fee Rate, multiplied by the aggregate Principal Balance of the Receivables as of the Cutoff Date)].
Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Principal Balance of all Receivables held by the Trust as of the first day of such Monthly Period (or, for the first Distribution Date, the Basic Servicing Fee Rate multiplied by a fraction, the numerator of which is 30 and the denominator of which is 360, multiplied by the Aggregate Principal Balance as of the Initial Closing Date). Basic Servicing Fee Rate: 1.0% per annum.