Indenture Trustee Fee Rate definition
Examples of Indenture Trustee Fee Rate in a sentence
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).
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.
Indenture Trustee Fee Rate: __________% ( _____ basis points) per annum.
Any successor Indenture Trustee shall be compensated at the Indenture Trustee Fee Rate.
The calculation of the Servicing Fees shall be made in accordance with Section 3.11; the Indenture Trustee Fees shall accrue at the Indenture Trustee Fee Rate on the basis of the Outstanding Principal Balance of the Notes.