Basic Servicing Fee Rate definition
Examples of Basic Servicing Fee Rate in a sentence
In consideration for its services hereunder and as compensation for expenses paid as contemplated by Section 2.10, the Servicer shall be entitled to receive on each Distribution Date a servicing fee (the "Basic Servicing Fee") for the related Monthly Period equal to one-twelfth of 1% (the "Basic Servicing Fee Rate") multiplied by the Aggregate Receivables Balance as of the last day of the preceding Monthly Period.
A-5 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 Receivables Face Amount as of the Closing Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date.
In consideration for its services hereunder and ------------- as compensation for expenses paid as contemplated by Section 2.10, the Servicer ------------ shall be entitled to receive on each Distribution Date a servicing fee (the "Basic Servicing Fee") for the related Monthly Period equal to one-twelfth of 1% ------------------- (the "Basic Servicing Fee Rate") multiplied by the Aggregate Receivable Balance ------------------------ as of the last day of the prior Monthly Period.
In consideration for its services hereunder and as compensation for expenses paid as contemplated by Section 2.10, the Servicer shall be entitled to receive on each Payment Date a servicing fee (the "Basic Servicing Fee") for the related Monthly Period equal to one-twelfth of 1% (the "Basic Servicing Fee Rate") multiplied by the average Aggregate Discounted Asset Balance during such Monthly Period.
Section 1.1 of the Servicing Agreement shall be amended by deleting the current definition of "Basic Servicing Fee Rate" and substituting in its place the following: BASIC SERVICING FEE RATE: 1.32% per annum, payable monthly at one-twelfth of the annual rate.
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 App.