Owner Trustee Fee definition

Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in May of each year, commencing in May 2020.

Owner Trustee Fee. As defined in Section 9.01 of the Trust Agreement.

Owner Trustee Fee means (i) a fee in the amount of $4,500, payable by the Issuer to the Owner Trustee on the Closing Date in connection with the review and execution of the Basic Documents and (ii) thereafter, an administration fee in the amount of $416.67 on each Distribution Date as compensation for its services under the Trust Agreement.

Examples of Owner Trustee Fee in a sentence

• In addition, the Indenture Trustee shall withdraw from the Payment Account on each Payment Date and pay to the Owner Trustee the Owner Trustee Fee and its Expenses.

• The Master Servicer shall remit the Owner Trustee Fee to the Owner Trustee pursuant to Section 3.07 of the Servicing Agreement.

• The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement the Owner Trustee Fee.

• Pursuant to the terms of Section 6.07 of the Indenture, on each Payment Date, the Indenture Trustee shall remit the Owner Trustee Fee (beginning on the 13th Payment Date) and any Expenses incurred by the Owner Trustee to the Owner Trustee and shall pay the Trust's expenses incurred with respect to the performance of the Trust's duties under the Indenture, or, if such amounts are insufficient, the Owner Trustee shall be paid pursuant to Section 7.01 hereof.

• All income and gain net of the Indenture Trustee Fee, the Owner Trustee Fee, the Custodian Fee and any losses realized from any such investment of funds on deposit in the Collection Account shall be for the benefit of the Master Servicer and shall be subject to its withdrawal or order from time to time, subject to Section 5.07 and shall not be part of the Trust Estate.

More Definitions of Owner Trustee Fee

Owner Trustee Fee. The annual fee payable as agreed upon by the Owner Trustee and the Depositor pursuant to the Owner Trustee Fee Letter.

Owner Trustee Fee shall equal $4,000 a year.

Owner Trustee Fee. The fee payable to the Owner Trustee pursuant to the Trust Agreement.

Owner Trustee Fee. The annual fee of $3,000, payable to the Owner Trustee pursuant to the Fee Letter Agreement specified in Section 7.03 of the Trust Agreement on a monthly basis on each Payment Date during the term of this Agreement; provided that the Owner Trustee Fee for the first year shall be payable on the Closing Date by the Seller.

Owner Trustee Fee. OWNER TRUSTEE FEE RATE: ______% per annum.

Owner Trustee Fee means a monthly fee equal to 1/12th of $15,000, payable on each Payment Date.

Owner Trustee Fee means an annual fee equal to (a) prior to the Owner Trustee becoming successor Administrator, $6,000.00 and (b) upon the Owner Trustee becoming successor Administrator, $5,000.00, which fee shall be due and payable on the first Payment Date of each year during the term hereof occurring after the Issuer’s receipt of an invoice therefor.