Noteholder Servicing Fee is defined in Section 3.1.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be pro rated for the number of days in the first Monthly Period.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, that with respect to the Transfer Date relating to the first Payment Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month ending prior to such Payment Date divided by 360.
Examples of Noteholder Servicing Fee in a sentence
The share of the Servicing Fee allocable to Series 2024-A for any Transfer Date (the “Noteholder Servicing Fee”) shall be equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be equal to $1,788,436.17.
More Definitions of Noteholder Servicing Fee
Noteholder Servicing Fee is defined in Section 3.02 of the Transfer and Servicing Agreement.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be prorated for the number of days in the first Monthly Period; and provided further that if an amount equal to the Note Principal Balance shall be deposited into the Principal Accumulation Account on or prior to the Transfer Date in December 2009, the Noteholder Servicing Fee for the Transfer Date in December 2009 shall be zero.
Noteholder Servicing Fee is defined in SECTION 3.1.
Noteholder Servicing Fee is defined in SECTION 3.2 of the Transfer and Servicing Agreement.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the excess, if any, of (i) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date, over (ii) the portion of the Note Trust Certificate allocable to Series 2005-2; provided, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the excess of (A) the Collateral Amount as of the Closing Date over (B) the portion of the Note Trust Certificate allocable to Series 2005-2 as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month in which the Closing Date occurs divided by 360.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, that with respect to the first Transfer Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month in which the Closing Date occurs divided by 360.
Noteholder Servicing Fee means, for any Transfer Date, an amount equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Collateral Amount as of the last day of the Monthly Period preceding such Transfer Date; provided, that with Amended and Restated 2007-1 Indenture Supplement respect to the Transfer Date relating to the first Payment Date, the Noteholder Servicing Fee shall be calculated based on the Collateral Amount as of the Closing Date and shall be an amount equal to the product of (a) the product of (I) the Series Servicing Fee Percentage and (II) the Collateral Amount as of the Closing Date and (b) the number of days from and including the Closing Date to and including the last day of the month ending prior to such Payment Date divided by 360.