Servicing Cost definition

Servicing Cost means, as of any date of determination, an annualized percentage, calculated with reference to the Aggregate Eligible Pool Balance and the related Collection Period, equal to the monthly ratio of (a) the sum of all Servicing Fees and all collection fees during each such Collection Period divided by (b) the Aggregate Eligible Pool Balance as of the last day of the immediately preceding Collection Period, provided that the Servicing Cost shall not be less than 5%.
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Servicing Cost. = the aggregate sum of the Servicing Fees corresponding to the tasks and duties to be performed by the Servicers under the Program, which shall in aggregate (for the group of Servicers) be equal to 0.25% (per annum) computed monthly on the basis of the Global Portfolio in EUR as of the previous Calculation Date (and multiplied by the number of days in the relevant Charges Period / 360 days) payable (excluding any taxes) in accordance with Clause 5 of the Servicing Agreement. Where “Funding Rate” means
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Examples of Servicing Cost in a sentence

  • Where actual Servicing Costs are less than the Servicing Cost Cap, the difference shall reduce the amount distributed pursuant to 2.12(i) on the following Distribution Date; xlviii.

  • In calculating the Servicer’s Monthly Average Servicing Cost Per Active Account, the costs associated with performing Late Stage Collections Services shall be separately reflected, and in the event of a transfer of such Services pursuant Section 2.03(b), after such transfer all calculations pursuant to this Section 4.04(b) shall exclude any such costs associated with performing such services for all periods measured.

  • Zale Gem Account Schedule 2.02(a) Servicer Compensation (****) Schedule 2.02(b) (****) (****) Schedule 2.02(c) Servicing Cost Categories (****) Schedule 2.03(b)(i) Features and Functionality of Company Systems The Servicer shall be obligated to make available the following features and functionality.

Related to Servicing Cost

  • 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.

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

  • Primary Servicing Fee means, with respect to the Mortgage Loans, the Serviced Companion Loans and any related REO Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(18) of this Agreement.

  • Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.