Monthly Rebate Fee definition

Monthly Rebate Fee means, for each calendar month and with respect to each Consolidation Loan that was originated on or after October 1, 1993 (except for Consolidation Loans referred to in clause (B) below), the fee payable to the Department equal to the product of (x) one-twelfth, (y) (A) with respect to all of the Consolidation Loans (other than those, the applications of which have been received during the period from October 1, 1998 through January 31, 1999), 1.05% or (B) with respect to Consolidation Loans, the applications of which have been received during the period from October 1, 1998 through January 31, 1999, 0.62% and (z) the outstanding principal balance of such Consolidation Loan (including any increases in the principal balance of a Consolidation Loan due to the addition of the principal balance of a related Add-on Consolidation Loan) plus accrued interest on such Consolidation Loan as of the last day of such month.
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Monthly Rebate Fee means, for each calendar month and with respect to each Consolidation Loan that is originated by the Eligible Lender Trustee on behalf of the Issuer, the fee payable to the Department equal to the product of (x) one-twelfth, (y) 1.05% and (z) the outstanding principal balance of such Consolidation Loan (including any increases in the principal balance of a Consolidation Loan due to the addition of the principal balance of a related Add-on Consolidation Loan) plus accrued interest on such Consolidation Loan as of the last day of such month.
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Monthly Rebate Fee means with respect to any Settlement Period, the sum of the following product calculated for each day in such Settlement Period: (a) the rate, expressed as a percentage, established under the FFELP Program divided by 365 or 366, as applicable, times (b) the aggregate outstanding Principal Balance (plus accrued interest) of all Pledged Student Loans that are Federal Consolidation Loans on such day and require remittance of a monthly rebate fee.
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Examples of Monthly Rebate Fee in a sentence

  • Services listed with 99.99% uptime (headed “Services”): ADVANCE ("99.99% Services") • In the event that Uptime for any of these Services equals or exceeds 99.99% in any Month, the Monthly Rebate Fee shall be nil.

  • All Other Services and primary lines from failover of the above 99.9% Services: • In the event that Uptime for any of these Services equals or exceeds 99.9% in any Month, the Monthly Rebate Fee shall be nil.


More Definitions of Monthly Rebate Fee

Monthly Rebate Fee means the monthly rebate fee payable to the Department on the Financed Eligible Loans.
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Monthly Rebate Fee means, for each calendar month and each Consolidation Loan, the fee payable to the Department equal to the product of (x) one-twelfth, (y) 1.05% and (z) the outstanding principal balance of such Consolidation Loan plus accrued interest on such Consolidation Loan as of the last day of such month.
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Monthly Rebate Fee means, for each calendar month and with respect to each Consolidation Loan that was originated on or after [ ] (except for Consolidation Loans referred to in clause (B) below), the fee payable to the Department equal to the product of (x) one-twelfth, (y) (A) with respect to all of the Consolidation Loans (other than those, the applications of which have been received during the period from October [ ] through January [ ]), 1.05% or (B) with respect to Consolidation Loans, the applications of which have been received during the period from October [ ] through January [ ], 0.62% and (z) the outstanding principal balance of such Consolidation Loan (including any increases in the principal balance of a Consolidation Loan due to the addition of the principal balance of a related Add-on Consolidation Loan) plus accrued interest on such Consolidation Loan as of the last day of such month.
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Related to Monthly Rebate Fee

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

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • 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.

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Servicing Fee means the fee payable to the Servicer for services rendered during each Collection Period, determined pursuant to Section 4.08 of the Sale and Servicing Agreement.

  • Late Fee If you don’t pay at least the Minimum Payment Due by the Payment Due Date, we will charge you a late fee. o The fee is $27.00 if you were not charged a late fee during any of the prior six billing periods.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Workout Fee With respect to each Corrected Mortgage Loan, the fee designated as such and payable to the Special Servicer pursuant to the second paragraph of Section 3.11(c).

  • interchange fee means a fee paid between the payment service providers of the payer and of the payee for each direct debit transaction;

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Monthly Remittance Date The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • Rebate Amount means the amount, if any, required to be rebated to the United States pursuant to Section 148(f) of the Internal Revenue Code of 1986, as amended, and the regulations and rulings thereunder.