Servicer Fee has the meaning specified in Section 2.05(a).
Servicer Fee means a fee with respect to each Accounting Period, payable in arrears on each Settlement Date for the account of the Servicer, in an amount equal to the product of (i) one-twelfth of the Servicer Fee Rate and (ii) the aggregate Principal Balances of all Pledged Contracts as of the last day of such Accounting Period; provided that if the Servicer is not DTCC or an Affiliate of DTAC, the Servicer Fee shall be reflective of the market rate for servicing similar Contracts.
Servicer Fee is defined in Section 3.5.
Examples of Servicer Fee in a sentence
The Servicer shall be entitled to be paid the Servicer Fee and have its expenses reimbursed as provided in the Priority of Payments.
More Definitions of Servicer Fee
Servicer Fee shall have the meaning set forth in Section 2.1(b) of the Servicing Agreement.
Servicer Fee means on any Payment Date, an amount equal to one per cent. per annum (calculated on the basis of a 365 day year for days actually elapsed) of the Discounted Receivables Balance for such Payment Date.
Servicer Fee means on each Payment Date (in accordance with and subject to the Priority of Payments) the amount equal to the product of (i) one-half of the Administrative Fee Base Rate and (ii) the aggregate DC nameplate capacity (measured in kW) of all the PV Systems owned by the Issuer as of the first day of the related Collection Period (excluding PV Systems related to Defaulted Solar Assets that are not operational and not in the process of being removed, repaired or replaced).
Servicer Fee means, for each Collection Period, a fee payable to the Servicer in arrears on each Payment Date (in accordance with the Priority of Payments) in an amount equal to the amount provided for in the Servicing Agreement.
Servicer Fee is defined in Section 2.4(b).
Servicer Fee means, for any Collection Period, an amount equal to the product of (i) 0.50% per annum multiplied by (ii) the Fee Basis Amount (calculated on the basis of a 360-day year and the actual number of days elapsed in the related Collection Period).