Incident Cap Access Charge Supplement Rate definition

Incident Cap Access Charge Supplement RateΒ means, in relation to any Financial Year, the rate determined in accordance with paragraph 11.1 of Schedule 8, as adjusted under paragraph 2.7.2 of Schedule 7; "Indemnity Incident Cap" means the sum calculated in accordance with Clause 11.6.5;
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Incident Cap Access Charge Supplement RateΒ means, in relation to any Financial Year, the rate determined in accordance with paragraph 11.1 of Schedule 8, as adjusted under paragraph 2.7.2 of Schedule 7;”
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Examples of Incident Cap Access Charge Supplement Rate in a sentence

  • The Incident Cap Access Charge Supplement shall be calculated in accordance with the following formula: 𝐼𝑛𝑐𝑖𝑑𝑒𝑛𝑑 πΆπ‘Žπ‘ 𝐴𝑐𝑐𝑒𝑠𝑠 πΆβ„Žπ‘Žπ‘Ÿπ‘”π‘’ π‘†π‘’π‘π‘π‘™π‘’π‘šπ‘’π‘›π‘‘ = 𝐢𝑀𝐢𝑃 Γ— 𝐼𝐢𝐴𝐢𝑆𝑅 where: CMCP means the sum of the Contract Miles operated in a Charging Period; and ICACSR means the Incident Cap Access Charge Supplement Rate.

Related to Incident Cap Access Charge Supplement Rate

  • Additional Servicing Fee means, for any Collection Period, if a successor Servicer has been appointed pursuant to Section 8.2 of the Sale and Servicing Agreement, the amount, if any, by which (i) the compensation payable to such successor Servicer for such Collection Period exceeds (ii) the Monthly Servicing Fee for such Collection Period.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.