Servicing Rate definition

Servicing Rate means 1.00% per annum.

Servicing Rate means the Servicing Fee Rate or the Successor Servicing Fee Rate (Backup Servicer), as applicable.

Servicing Rate means 1.00% per annum, payable monthly at one-twelfth of the annual rate, subject to adjustment with respect to a successor Servicer pursuant to Section 14.02.

Examples of Servicing Rate in a sentence

• The Monthly Servicing Fee for any Collection Period shall equal the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period (or, in the case of the initial Collection Period, as of the Cutoff Date); provided, however, that the Monthly Servicing Fee payable to a successor Servicer other than the Indenture Trustee may equal such other amount as may be determined in accordance with Section 8.2(a).

• The Monthly Servicing Fee for any Collection Period shall equal the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period (or, in the case of the initial Collection Period, as of the Cutoff Date).

• The Monthly Servicing Fee for any Collection Period shall equal the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period (or, in the case of the initial Collection Period, as of the Cutoff Date); provided, however, that the Monthly Servicing Fee payable to a successor Servicer other than the Backup Servicer may equal such other amount as may be determined in accordance with Section 8.2(c).

• The Monthly Servicing Fee for any Collection Period shall equal the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period (or, in the case of the initial Collection Period, as of the Cutoff Date); provided, however, that the Monthly Servicing Fee payable to a successor Servicer other than the Indenture Trustee may equal such other amount as may be determined in accordance with Section 8.2(c).

• The "Servicing Fee" with respect to a Collection Period shall be an amount equal to the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period.

More Definitions of Servicing Rate

Servicing Rate means ___% per annum.

Servicing Rate. The rate as defined in Section 1.1 of the Servicing Agreement.

Servicing Rate shall be 3.00% per annum.

Servicing Rate shall be [ ]% per annum, payable monthly[, provided, however, that if [the Standby Servicer] becomes the successor Servicer, the "Servicing Rate" shall be equal to a percentage per annum determined pursuant to [the Servicing Assumption Agreement] not to exceed [ ]% per annum].

Servicing Rate means, _____% per annum, payable monthly at one-twelfth of the annual rate, subject to adjustment with respect to a successor Servicer pursuant to Section 14.02.

Servicing Rate means 2.25% per annum.

Servicing Rate means 2.5% per annum or such other rate as determined in the Servicing Agreement; PROVIDED, HOWEVER, that if the Back-Up Servicer becomes the Successor Servicer, the Servicing Rate shall be equal to the greater of (a) 2.5% per annum or (b) the lowest of three bids obtained by the Back-Up Servicer from third party servicers, who are qualified to act as servicers, selected by the Back-Up Servicer and approved by the Insurer pursuant to Section 2.08 of the Servicing Agreement.