Monthly Servicing Fee. In accordance with Section 3.01(a) of the AdvantaSeries Indenture Supplement, with respect to the August 22, 2005 Payment Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class A(2005-A2) Notes shall be $300,000. [END OF ARTICLE II]
Monthly Servicing Fee. As compensation for its servicing activities hereunder and reimbursement for its expenses, the Master Servicer shall be entitled to receive a monthly servicing fee in respect of any Due Period (or portion thereof) prior to the termination of the Trust pursuant to Section 12.01 (the “Monthly Servicing Fee”), payable in arrears on each Trust Distribution Date with respect to the Seller Servicing Fee (as defined below) and payable in accordance with the terms of the applicable Series Supplement with respect to the share of the Monthly Servicing Fee allocable to each Series then outstanding. The Monthly Servicing Fee shall in no event be less than an amount equal to the product of (A) 2.0% per annum calculated on the basis of a 360-day year of twelve 30-day months and (B) the amount of Principal Receivables in the Trust as of the first day of the Due Period related to such Trust Distribution Date (or in the case of the first Trust Distribution Date, the amount of Principal Receivables in the Trust on the Cut-Off Date). The share of each Monthly Servicing Fee allocable to each Series on each Distribution Date with respect to each such Series shall be set forth in the Series Supplement with respect to each Series, and shall be paid to the Master Servicer in accordance with the terms of the applicable Series Supplement by the Person or Persons specified in the applicable Series Supplement. The share of each Monthly Servicing Fee allocable to the Holder of the Seller Certificate (the “Seller Servicing Fee”) on any Trust Distribution Date shall be equal to the product of (A) the product of (x) 2.0% per annum calculated on the basis of a 360- day year of twelve 30-day months and (y) and the amount of Principal Receivables in the Trust as of the first day of the Due Period related to such Trust Distribution Date (or in the case of the first Trust Distribution Date, the amount of Principal Receivables in the Trust on the Cut-Off Date) and (B) a fraction the numerator of which shall be the amount of the Seller Interest and the denominator of which shall be the greater of (x) the amount of Principal Receivables in the Trust and (y) the Aggregate Investor Interest, and shall be paid to the Master Servicer by Discover Bank on behalf of the Holder of the Seller Certificate on or before each Trust Distribution Date. In no event shall the Trustee or the Investor Certificateholders be liable for the Seller Servicing Fee. The Master Servicer’s expenses include the amounts due ...
Monthly Servicing Fee. The Issuer agrees to pay the Servicer the Monthly Servicing Fee with respect to all Series of Securitization Bonds. For so long as Consumers is the Servicer, the Monthly Servicing Fee shall be one-twelfth times 0.25% times the total Outstanding Amount as of the date of payment of such Monthly Servicing Fee. The foregoing Monthly Servicing Fee constitutes a fair and reasonable price for the obligations to be performed by the Servicer.
Monthly Servicing Fee. Each Issuer, severally and not jointly, agrees to pay the Servicer, solely to the extent amounts are available therefor in accordance with the Indenture to which such Issuer is a party, the Monthly Servicing Fees with respect to all Series of Transition Bonds issued by such Issuer. The Monthly Servicing Fee with respect to a Series for a Monthly Allocation Date shall equal the product of (a) 1/12, (b) the Servicing Fee Rate for such Series and (c) the outstanding principal amount of the Transition Bonds of such Series as of such Monthly Allocation Date. The Servicer will be entitled to retain as additional compensation net investment income on ITC Collections related to Serviced Intangible Transition Property received by the Servicer prior to each Remittance Date and the late fees, if any, paid by Customers to the Servicer. The foregoing fees constitute a fair and reasonable price for the obligations to be performed by the Servicer.
Monthly Servicing Fee. The Issuer agrees to pay the Servicer the Monthly Servicing Fee with respect to all Series of Transition Bonds. On any Monthly Remittance Date, the Servicer shall be entitled to withhold the amount of the Monthly Servicing Fee from TBC Collections as compensation under this Agreement unless the Trustee has notified the Servicer in writing that the Issuer does not hold sufficient funds to pay amounts owed in such month to the Trustee. For so long as PSE&G is the Servicer, the Monthly Servicing Fee shall be $[_______]. The Servicer shall be entitled to retain as additional compensation net investment income on TBC Collections related to the Transferred Bondable Transition Property received by the Servicer during any Collection Period prior to remittance to the Collection Account and the late fees, if any, paid by Customers to the Servicer. The foregoing fees constitute a fair and reasonable price for the obligations to be performed by the Servicer.
Monthly Servicing Fee. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall distribute to the Servicer, to the extent of any Available Series 1998-2 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (iii) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-2 Finance Charge Collections and (y) the excess of (i) the Monthly Servicing Fee for such Monthly Period plus any unpaid Monthly Servicing Fees from prior Monthly Periods over (ii) any amounts with respect thereto previously distributed to the Servicer during such Monthly Period.
Monthly Servicing Fee. As compensation for its servicing activities hereunder and reimbursement for its expenses, the Master Servicer shall be entitled to receive a monthly servicing fee in respect of any Due Period (or portion thereof) prior to the termination of the Trust pursuant to Section 12.01 (the “Monthly Servicing Fee”), payable in arrears on each Servicer Payment Date with respect to the Transferor Servicing Fee (as defined below) and payable in accordance with the terms of the applicable Series Supplement with respect to the share of the Monthly Servicing Fee allocable to each Series then outstanding. The Monthly Servicing Fee shall in no event be less than an amount equal to the product of (A) 2.0% per annum calculated on the basis of a 360-day year of twelve 30-day months and
Monthly Servicing Fee. The Servicer believes that the Monthly Servicing Fee provides a reasonable level of base compensation to the Servicer for servicing the Contracts on the terms set forth herein.
Monthly Servicing Fee. On each Business Day on which Green --------------------- Tree or an Affiliate of Green Tree is not the Servicer, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and distribute to the Servicer, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) and (ii), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the excess of (i) the Monthly Servicing Fee for such Monthly Period plus any unpaid Monthly Servicing Fees from prior Monthly Periods over (ii) any amounts with respect thereto previously distributed to the Servicer during such Monthly Period.
Monthly Servicing Fee. The Issuer agrees to pay the Servicer, solely to the extent amounts are available therefor in accordance with the Indenture, the Monthly Servicing Fee with respect to all Series of Transition Bonds issued by the Issuer. The Monthly Servicing Fee with respect to a Series shall be as follows: so long as ACE acts as the Servicer, the Servicing Fee will be 0.10% of the initial principal balance of all Transition Bonds issued to the date of determination, such amount to be determined at each time Transition Bonds are issued. If a successor Servicer is appointed, the Servicing Fee will be based on an amount approved by the BPU, but not in excess of a per annum rate equal to 1.25% of the initial principal balance of all Transition Bonds issued to the date of determination, such amount to be determined at each time Transition Bonds are issued. The Servicer shall be entitled to retain as additional compensation (a) net investment income on TBC Collections related to Transferred Bondable Transition Property received by the Servicer prior to their remittance to the Trustee and (b) the late fees, if any, paid by Customers to the Servicer associated with the Transition Bond Charge. The foregoing fees constitute a fair and reasonable price for the obligations and duties to be performed by the Servicer.
