Supplemental Servicing Fee definition

Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

Supplemental Servicing Fee means the fee payable to the Servicer for certain services rendered during the respective Collection Period, determined pursuant to and defined in Section 3.8 of the Sale and Servicing Agreement.

Supplemental Servicing Fee means, if applicable, with respect to any Distribution Date, an amount equal to the product of the Supplemental Servicing Fee Percentage and the Series Investor Interest on the first day of the Due Period related to such Distribution Date (or in the case of the first Distribution Date for the Series established hereby, the Series Investor Interest on the Series Cut-Off Date).

Examples of Supplemental Servicing Fee in a sentence

• Nonetheless, the Servicer shall account for all of the above described remittances and distributions (except for the Supplemental Servicing Fee to the extent that the Servicer is entitled to retain such amounts) in the Servicer’s Certificate as if the amounts were deposited and/or transferred separately.

• Any successor Servicer shall also be entitled to the Supplemental Servicing Fee.

• Earnings on investment of funds in the Collection Account (net of losses and investment expenses) shall be paid to the Servicer as part of the Supplemental Servicing Fee and any losses and investment expenses shall be charged against the funds on deposit in the related Account.

• Earnings on investment of funds in the Accounts (other than the Yield Supplement Account and the Reserve Fund) (net of losses and investment expenses) shall be paid to the Servicer as part of the Supplemental Servicing Fee and any losses and investment expenses shall be charged against the funds on deposit in the related Account.

• Nonetheless, the Servicer shall account to the Owner Trustee and the Indenture Trustee for all of the above described remittances, payments and distributions (except for the Supplemental Servicing Fee, to the extent the Servicer is entitled to retain such amounts) as if all deposits, payments, distributions and transfers were made individually.

More Definitions of Supplemental Servicing Fee

Supplemental Servicing Fee means, the fee payable to the Servicer for certain services rendered during the respective Collection Period, determined pursuant to and defined in Section 3.8 of the Sale and Servicing Agreement.

Supplemental Servicing Fee means any interest earned on investment of the monies on deposit in the Accounts (other than the Yield Supplement Account and the Reserve Fund) during a Collection Period, net of any investment expenses and losses from such investments, plus all late fees, prepayment charges and other administrative fees and expenses or similar charges allowed by applicable law with respect to the Receivables.

Supplemental Servicing Fee. With respect to any Distribution Date and Loan Group, the amount of the fee payable to any successor Servicer in addition to the aggregate Servicing Compensation for such Loan Group, which shall, for such Distribution Date, be an amount equal to the sum for each Mortgage Loan in such Loan Group of one-twelfth of the product of a per annum rate agreed to by the Trustee and the successor Servicer (but not in excess of 0.200% per annum) and the Stated Principal Balance of such Mortgage Loan, computed on the basis of the same Stated Principal Balance and period respecting which any related interest payment on a Mortgage Loan is computed.

Supplemental Servicing Fee has the meaning assigned to such term in Section 4.08.

Supplemental Servicing Fee is defined in Section 4.8 of the Sale and Servicing Agreement.

Supplemental Servicing Fee means any interest earned on investment of the monies on deposit in the Accounts (other than the Yield Supplement Account and the Reserve Fund) during a Collection Period, net of any investment expenses and losses from such investments, plus all late fees, prepayment charges and other administrative fees and expenses or similar charges allowed by applicable law with respect to the Receivables, including, in the case of a Rule of 78s Receivable and that is prepaid in full, the difference between the Principal Balance of a Rule of 78s Receivable, minus the Principal Balance of such Receivable computed according to the actuarial method (plus accrued interest to the date of prepayment), received by the Servicer during such Collection Period.

Supplemental Servicing Fee is defined in Section 3.8.