Compensation of the Broker-Dealers. On each Dividend Payment Date, the Auction Agent shall pay the Broker-Dealer Fee out of funds provided to it for that purpose by the Fund payable to each Broker-Dealer on such Dividend Payment Date, as provided in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) The Broker-Dealers shall be entitled to receive a fee for all services rendered by them under the Broker-Dealer Agreements, as provided in the Broker-Dealer Agreements (the "Broker-Dealer Fee"). The Broker-Dealer Fee shall be ________% per annum.
Compensation of the Broker-Dealers. (a) With respect to each Series of the Auction Rate Notes, not later than 12:00 noon on each Monthly Expense Payment Date, the Issuer shall direct the Indenture Trustee pay to the Auction Agent, pursuant to the Indenture and solely from moneys available therefor in the Distribution Account or Collection Account, a fee (the "Broker-Dealer Fee") in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days since the later of the Closing Date or the date the Broker-Dealer Fee was last paid and the denominator of which is 360, times (iii) the aggregate principal amount of Auction Rate Notes of such Series outstanding since the later of the Closing Date or the date the Broker-Dealer Fee was last paid. The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m. at least two Business Days preceding such Monthly Expense Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) With respect to each series of the Series 2001-1 Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date with respect to each Interest Period immediately following an Auction Date relating to such series, the Issuer, pursuant to Section 5(b) of the Third Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days from the preceding Interest Payment Date (or from the Closing Date, in the case of the first Interest Payment Date) to the current Interest Payment Date (or, if such series of Series 2001-1 Notes ceased to be outstanding prior to such current Interest Payment Date, the date on which such series ceased to be outstanding) and the denominator of which is 360, times (iii) the aggregate principal amount of Series 2001-1 Notes of such series outstanding at the close of business on the date of original issuance of the Series 2001-1 Notes (in the case of the initial Interest Payment Date) or at the close of business on the preceding Interest Payment Date (in the case of all succeeding Interest Payment Dates), as the case may be (the "Broker-Dealer Fee"). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) With respect to each series of Tax Exempt Auction Rate Series 1997-1 Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date relating to such series, the Issuer, pursuant to Section 5(b) of the First Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days from the preceding Interest Payment Date (or from the Closing Date, in the case of the first Interest Payment Date) to the current Interest Payment Date (or, if such series of Tax Exempt Auction Rate Series 1997-1 Notes ceased to be outstanding prior to such current Interest Payment Date, the date on which such series ceased to be outstanding) and the denominator of which is 360, times (iii) the average principal amount of Tax Exempt Auction Rate Series 1997-1 Notes of such series outstanding during the period between such preceding Interest Payment Date (or the Closing Date, in the case of the first Interest Payment Date) and the current Interest Payment Date (or, if such series of Tax Exempt Auction Rate Series 1997-1 Notes ceased to be outstanding prior to such current Interest Payment Date, the date on which such series ceased to be outstanding) (the "Broker-Dealer Fee"). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) With respect to each series of the Series 2004-C/D Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date relating to such series, with respect to the Interest Period commencing on such Interest Payment Date, the Issuer, pursuant to Section 5(b) of the First Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days in such Interest Period and the denominator of which is 360, times (iii) the aggregate principal amount of Series 2004-C/D Notes of such series that will be outstanding at the close of business on such Interest Payment Date (the “Broker-Dealer Fee”). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) On the first Note Distribution Date for all Classes of Notes issued by the Issuer occurring in each month (or if in any such month a Certificate Distribution Date occurs prior to such first Note Distribution Date, on such Certificate Distribution Date), commencing January 1998, the Auction Agent shall pay each applicable Broker-Dealer the fee (the "Broker-Dealer Fee") required to be paid to each such Broker-Dealer pursuant to Section 2.5 of the Broker-Dealer Agreement.
Compensation of the Broker-Dealers. (a) With respect to the Series 1999-1 Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date with respect to each Interest Period immediately following an Auction Date relating to such series, the Issuer, pursuant to Section 5(b) of the First Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days in such Interest Period and the denominator of which is 360, times (iii) the aggregate principal amount of Series 1999-1 Notes of such series outstanding on the date of original issuance of the Series 1999-1 Notes (in the case of the initial Interest Period) or at the close of business on the first day of such Interest Period (in the case of all succeeding Interest Periods), as the case may be (the "Broker-Dealer Fee"). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) With respect to each series of Taxable Auction Rate Series 1997-1 Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date relating to such series, the Issuer, pursuant to Section 5(b) of the First Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days from the preceding Interest Payment Date (or from the Closing Date, in the case of the first Interest Payment Date) to the current Interest Payment Date (or, if such series of Taxable Auction Rate Series 1997-1 Notes ceased to be outstanding prior to such current Interest Payment Date, the date on which such series ceased to be outstanding) and the denominator of which is 360, times (iii) the aggregate principal amount of Taxable Auction Rate Series 1997-1 Notes of such series outstanding at the close of business on the date of original issuance of the Taxable Auction Rate Series 1997-1 Notes (in the case of the initial Interest Payment Date) or at the close of business on the preceding Interest Payment Date (in the case of all succeeding Interest Payment Dates), as the case may be (the "Broker-Dealer Fee"). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
Compensation of the Broker-Dealers. (a) With respect to each series of the Series 2004-1 Notes, not later than 12:00 noon, New York City time, on each Interest Payment Date relating to such series, with respect to the Interest Period commencing on such Interest Payment Date, the Issuer, pursuant to Section 5(b) of the First Supplemental Indenture, shall pay to the Auction Agent, solely from moneys available therefor in the Administration Fund, an amount in cash equal to the product of (i) the Broker-Dealer Fee Rate times (ii) a fraction, the numerator of which is the number of days in such Interest Period and the denominator of which is 360, times (iii) the aggregate principal amount of Series 2004-1 Notes of such series that will be outstanding at the close of business on such Interest Payment Date (the "Broker-Dealer Fee"). The Auction Agent shall advise the Issuer of the amount referred to in the preceding sentence not later than 4:00 p.m., New York City time, at least two Business Days preceding such Interest Payment Date. The Auction Agent shall apply such monies as set forth in Section 2.5 of the Broker-Dealer Agreements.
