Noteholder Servicing Fee definition

Noteholder Servicing Fee is defined in Section 3.1.

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be pro rated for the number of days in the first Monthly Period.

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, that with respect to the Transfer Date relating to the first Payment Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month ending prior to such Payment Date divided by 360.

Examples of Noteholder Servicing Fee in a sentence

• Base Rate (Noteholder Servicing Fee + Admin Fee + Monthly Interest + Swap Payments - Swap Receipts / BOP Collateral) i.

• The Noteholder Servicing Fee with respect to any Series is payable in arrears on the related Transfer Date (unless otherwise provided in the related Indenture Supplement) and Transferor Servicing Fee is payable in arrears no later than the last Transfer Date with respect to any Series occurring in a Monthly Period.

• The share of the Servicing Fee allocable to Series 2009-VFN for any Transfer Date (the “Noteholder Servicing Fee”) shall be equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Weighted Average Collateral Amount for the preceding Monthly Period; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall instead equal 33/360 of such product.

• Transferor Servicing Fee and, unless otherwise provided in an Indenture Supplement, each Noteholder Servicing Fee, shall be calculated on the basis of actual days elapsed and a year of 365 days or 366 days, as the case may be.

• The share of the Servicing Fee allocable to Series 2017-B for any Transfer Date (the "Noteholder Servicing Fee") shall be equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be equal to $467,838.22.

More Definitions of Noteholder Servicing Fee

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be prorated for the number of days in the first Monthly Period.

Noteholder Servicing Fee is defined in Section 3.02 of the Transfer and Servicing Agreement.

Noteholder Servicing Fee is defined in SECTION 3.1.

Noteholder Servicing Fee is defined in SECTION 3.2 of the Transfer and Servicing Agreement.

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the excess, if any, of (i) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date, over (ii) the portion of the Note Trust Certificate allocable to Series 2005-1; provided, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the excess of (A) the Collateral Amount as of the Closing Date over (B) the portion of the Note Trust Certificate allocable to Series 2005-1 as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month in which the Closing Date occurs divided by 360.

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month in which the Closing Date occurs divided by 360.

Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the excess, if any, of (i) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date, over (ii) the portion of the Note Trust Certificate allocable to Series 2004-1; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the excess of (A) the Collateral Amount as of the Closing Date over (B) the portion of the Note Trust Certificate that would have been allocable to Series 2004-1 as of July 31, 2004 and (b) the number of days from and including the Closing Date to and including the last day of the month in which the Closing Date occurs divided by 360.