Backup Servicer Fee definition

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.

Backup Servicer Fee means the fee to be paid to the Backup Servicer as set forth in the Backup Servicing Agreement.

Backup Servicer Fee. The fee to be paid to the Backup Servicer under the terms of the Backup Servicer and Trustee Fee Letter.

Examples of Backup Servicer Fee in a sentence

• All calculations of the amount of the Servicing Fee, the Back-up Servicer Fee, Custodian Fee and the Indenture Trustee Fee shall be made on the basis of a 360-day year consisting of twelve 30-day months.

• The Backup Servicer will not make any changes to the Backup Servicer Fee set forth in the Backup Servicer Fee Letter without the prior written approval of the Administrative Agent and each Purchaser Agent.

• In consideration for the payment by the Borrower of the Servicing Fee, the Servicer will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account and the Backup Servicer Fee pursuant to the Backup Servicing Agreement and the Collateral Custodian Fee pursuant to the Custody Agreement.

• The Backup Servicer will not make any changes to the Backup Servicer Fee set forth in the Backup Servicer and Collateral Custodian Fee Letter without the prior written approval of the Administrative Agent.

• In consideration for the payment by the Borrower of the Servicing Fee, the Servicer will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Backup Servicer Fee pursuant to the Backup Servicing Agreement and the Collateral Custodian Fee pursuant to the Custody Agreement.

More Definitions of Backup Servicer Fee

Backup Servicer Fee means the annual administration fee payable to the Backup Servicer as provided in the fee letter agreement between the Issuer and U.S. Bank.

Backup Servicer Fee means any fee payable monthly by Borrower to a Backup Servicer, such fee, including, without limitation, fees for verification services, to be as specified in the applicable Backup Servicing Agreement.

Backup Servicer Fee means, for any Distribution Date, the amount payable to the Backup Servicer as its regular fee on such Distribution Date pursuant to the Backup Servicer Fee Letter.

Backup Servicer Fee. As set forth in the Backup Servicer and Collateral Custodian Fee Letter.

Backup Servicer Fee means, for any Remittance Period or portion thereof after the occurrence of a Servicer Default and the appointment of the Backup Servicer as Servicer hereunder, an amount, payable out of Collections on the Pledged Receivables and amounts applied to the payment of, or treated as payments on, the Pledged Receivables, equal to the Backup Servicing Fee Rate multiplied by the Net Eligible Receivables Balance as of the first day of such Remittance Period.

Backup Servicer Fee means, with respect to any Payment Date, the fee payable to the Backup Servicer, in an amount equal to the greater of (a) the product of (i) one-twelfth (1/12th), (ii) 0.034% and (iii) the Aggregate Implicit Principal Balance of Eligible Contracts as of the first day of the related Collection Period and (b) $1,500 per Collection Period.

Backup Servicer Fee means the fee payable to KPMG during the Period of Appointment in relation to a Trust and being the greater of the following amounts: