Servicing Fee Amount. With respect to the Master Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the difference between the Servicing Fee Rate for such Mortgage Loan over the servicing fee rate (if any) applicable to such Mortgage Loan as specified in any Sub-Servicing Agreement related to such Mortgage Loan. With respect to each Sub-Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan serviced by such Sub-Servicer, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the servicing fee rate specified in the related Sub-Servicing Agreement for such Mortgage Loan.
Servicing Fee Amount means, with respect to each Loan, the “Servicing Fee Amount” specified for such Loan on Schedule I.
Servicing Fee Amount. With respect to each sub-servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan or Serviced Whole Loan serviced by such sub-servicer, (a) the Stated Principal Balance of such loan as of the end of the immediately preceding Collection Period and (b) the servicing fee rate specified in the related sub-servicing agreement for such loan. With respect to the Master Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan or Serviced Whole Loan (a) the Stated Principal Balance of such loan as of the end of the immediately preceding Collection Period and (b) the difference between the Servicing Fee Rate for such loan and the servicing fee rate (if any) applicable to such loan as specified in any sub-servicing agreement related to such Mortgage Loan.
Examples of Servicing Fee Amount in a sentence
The Transferor Beneficiary has agreed to pay the Transferor Servicing Fee Amount to the Receivables Trustee as further consideration for the grant of the Transferor Interest.
More Definitions of Servicing Fee Amount
Servicing Fee Amount. With respect to the Master Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the Servicing Fee Rate for such Mortgage Loan; provided, however, if the primary servicing of a Mortgage Loan is sub-serviced, the difference between the Servicing Fee Rate for such Mortgage Loan over the servicing fee rate (if any) applicable to such Mortgage Loan as specified in any Sub-Servicing Agreement related to such Mortgage Loan. With respect to each Sub-Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan serviced by such Sub-Servicer, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the servicing fee rate specified in the related Sub-Servicing Agreement for such Mortgage Loan.
Servicing Fee Amount. With respect to each Sub-Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan serviced by such Sub-Servicer, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the servicing fee rate specified in the related Sub-Servicing Agreement for such Mortgage Loan. With respect to the Servicer and any date of determination, the aggregate of the products obtained by multiplying, for each Mortgage Loan, (a) the Stated Principal Balance of such Mortgage Loan as of the end of the immediately preceding Due Period and (b) the difference between the Servicing Fee Rate for such Mortgage Loan over the servicing fee rate (if any) applicable to such Mortgage Loan as specified any Sub-Servicing Agreement related to such Mortgage Loan.
Servicing Fee Amount. An amount equal to the portion of the Servicing Fee payable by the Receivables Trustee to the Servicer in respect of which the Receivables Trustee is to be reimbursed from payments made by the Investor Beneficiaries in respect of a particular Series with respect to each Collection Period (the "Investor Servicing Fee Amount" with respect to such Series) will be determined in accordance with the relevant Supplement. The Investor Beneficiaries for each Series will pay the Investor Servicing Fee Amount to the Receivables Trustee, in respect of such Series, by way of Additional Funds for the grant of the relevant Investor Interest.
Servicing Fee Amount at any time means the sum of (a) the then accrued and unpaid Servicing Fee plus (b) the product of (i) the Outstanding Balance of Pool Receivables at such time, times (ii) the product of (x) the Servicing Fee Rate multiplied by (y) a fraction, the numerator of which is 1.5 times the Days' Sales Outstanding (calculated on the last day of the most recent preceding calendar month) and the denominator of which is 360.
Servicing Fee Amount means an amount equal to the product of (i) one-twelfth of 0.75% and (ii) the Pool Balance as of the close of business on the last day of the second preceding calendar month.
Servicing Fee Amount means, as of any date of determination, an amount equal to 100% of the accrued and unpaid Servicing Fees (other than Ancillary Income) as of such date.
Servicing Fee Amount means, prior to April 1, 1997, $1,500, and, commencing April 1, 1997, and thereafter, $5,000, except that, if Borrower, after March 12, 1997, consolidates all its billing systems into a single billing system, to the reasonable satisfaction of Foothill, thereafter such amount shall reduce to $3,000, commencing on the first day of the first calendar month after such consolidation.