Class B Servicing Fee definition

Class B Servicing Fee shall have the meaning specified in Section 3.01.
Class B Servicing Fee shall have the meaning specified in paragraph (a)(iii) of Part 2 of the Schedule;
Class B Servicing Fee shall have the meaning specified in SECTION 3.01.

Examples of Class B Servicing Fee in a sentence

  • To the extent that the Class A Servicing Fee, the Class B Servicing Fee and the Collateral Servicing Fee are not paid in full pursuant to the preceding provisions of this Section 3.01, and Sections 4.05 and 4.07, they shall be paid by the Holders of the Transferor Certificates.


More Definitions of Class B Servicing Fee

Class B Servicing Fee is defined in Section 3 of this Series Supplement.
Class B Servicing Fee shall have the meaning specified in Section 7 of this Supplement.
Class B Servicing Fee is defined in subsection 3(a).
Class B Servicing Fee shall have the meaning specified in subsection 3(a) hereof; provided, however, that with respect to the Monthly Periods of April 1997, May 1997 and June 1997, the Class B Servicing Fee shall equal 0%.
Class B Servicing Fee in Section 2 is hereby amended to read as follows:
Class B Servicing Fee shall have the meaning specified in Section 7 --------------------- of this Series Supplement.
Class B Servicing Fee shall be equal to one-twelfth of the product of (a) the Class B Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount. The share of the Monthly Servicing Fee allocable to the Collateral Interest with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to one-twelfth of the product of the (a) Collateral Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount. The remainder of the Servicing Fee shall be paid by the Holders of the Transferor Certificates or the investor certificateholders of other Series (as provided in the related Supplements) and in no event shall the Trust, the Trustee or the Series 1999-5 Certificateholders be liable for the share of the Servicing Fee to be paid by the Holders of the Transferor Certificates or the investor certificateholders of any other Series. To the extent that the Class A Servicing Fee, the Class B Servicing Fee and the Collateral Servicing Fee are not paid in full pursuant to the preceding provisions of this Section 3.01, and Sections 4.05 and 4.07, they shall be paid by the Holders of the Transferor Certificates.