Servicer Fee Reserve definition

Servicer Fee Reserve means, at any time, an amount equal to the product of (i) the Servicer Fee at such time, multiplied by (ii) a fraction, the numerator of which is the Days Sales Outstanding on such date of calculation, and the denominator of which is 360, multiplied by and (iii) the Aggregate Outstanding Balance of all Receivables on such date of calculation.
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Servicer Fee Reserve means, on any date, an amount determined pursuant to the following formula: SFRP x NRB x 2 x DSO 360 where: SFRP = the Servicer Fee Reserve Percentage as of the date of determination; NRB = the Net Receivables Balance as of the opening of business of the Servicer on such date; and DSO = the Days Outstanding on such date of determination.
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Servicer Fee Reserve means, on any date, an amount determined pursuant to the following formula:
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Examples of Servicer Fee Reserve in a sentence

  • Dilution Ratio 33 Expected Dilution Ratio 34 Dilution Horizon Ratio 35 Dilution Volatility Factor 36 Dilution Reserve Yield Reserve: 37 One-Month BTMU Libor 38 Average Maturity 39 Yield Reserve Percentage 40 Yield Reserve Servicer Fee Reserve: 41 Servicer Fee 1.00 % 42 Servicer Fee Reserve VIII.

  • Furthermore, India does not challenge the precise considerations that the USDOC took into account in deciding to examine each of the new subsidy allegations at issue.


More Definitions of Servicer Fee Reserve

Servicer Fee Reserve means, on any date, an amount determined pursuant to the following formula: SFP x NRB x 2 x DSO ------- 360 where: SFP = the Servicer Fee Percentage as of the date of determination; NRB = the Net Receivables Balance as of the opening of business of the Servicer on such date; and DSO = the Days Outstanding on such date of determination.
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Servicer Fee Reserve for any Receivable Interest at any time means the sum of (i) the unpaid Servicer Fee relating to such Receivable Interest accrued to such time, plus (ii) an amount equal to (a) the aggregate Pool Receivables relating to such Receivable Interest on such date multiplied by (b) the product of (x) the percentage per annum at which the Servicer Fee is accruing on such date and (y) a fraction having the sum of the Average Maturity plus the Collection Delay Period (each as in effect at such date) as its numerator and 360 as its denominator.
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Servicer Fee Reserve in Exhibit I to the Existing Agreement is hereby amended and restated in its entirety to read as follows:
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Related to Servicer Fee Reserve

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Master Servicing Fee Rate With respect to each Mortgage Loan, 0.25% per annum.

  • Primary Servicing Fee Rate means, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee.”

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Special Servicing Fee Rate With respect to each Specially Serviced Mortgage Loan and each REO Loan, 0.25% per annum.

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Backup Servicer Fee means, for any Collection Period, the greater of (i) the product of one-twelfth of 0.0075% and the Pool Balance as of the first day of the preceding Collection Period (or in the case of the initial Collection Period, as of the Cutoff Date) and (ii) $2,500.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicing Reserve means, the product (expressed as a percentage) of (a) 1%, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and the denominator of which is 360.

  • Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Excess Servicing Fee Rate The rate of 0.0% per annum with respect to each Mortgage Loan.

  • Series Servicing Fee Percentage means 2% per annum.

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

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