Examples of Indenture Trustee Fee Rate in a sentence
With respect to any Determination Date and each Series of Notes issued under this Indenture, a monthly fee that will be an amount equal to the product of (a) 1/12 of the applicable Indenture Trustee Fee Rate and (b) the Series Principal Balance for such Series as of such Determination Date.
The calculation of the Indenture Trustee Fee shall accrue at the Indenture Trustee Fee Rate on the basis of the Outstanding Principal Balance of the Notes.
As to any Payment Date, the one-twelfth (1/12) of the Indenture Trustee Fee Rate times the Pool Principal Balance as of the opening of business on the first day of the Due Period immediately preceding the calendar month of such Payment Date (or, with respect to the first Payment Date, the Original Pool Principal Balance).
Expense Fee Rate: The sum of (i) the Servicing Fee Rate, (ii) the Lender-Paid PMI Fee Rate, if applicable, and (iii) the Indenture Trustee Fee Rate.
Any successor Indenture Trustee shall be compensated at the Indenture Trustee Fee Rate.