Backup Servicing Fee definition

Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

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Backup Servicing Fee means the fee payable to the Backup Servicer on each Payment Date in accordance with Section 2.12(c), which fee shall be equal to the greater of (i) $5,000, and (ii) the product of (a) the Backup Servicing Fee Rate, (b) the Eligible Pool Balance, as of the first day of the related Collection Period and (c) 1/12.

Backup Servicing Fee. Defined in the Backup Servicer Fee Letter.

Examples of Backup Servicing Fee in a sentence

• The Backup Servicer will not make any changes to the Backup Servicing Fee without the prior written approval of the Deal Agent.

• The Backup Servicer's entitlement to receive the Backup Servicing Fee shall cease on the earliest to occur of: (i) it becoming the Successor Servicer; (ii) its resignation or removal as Backup Servicer pursuant to the terms of the Backup Servicing Agreement; or (iii) the termination of this Agreement or the Backup Servicing Agreement.

• As compensation for the performance of its obligations under this Agreement and with respect to the Loan Agreement, the Backup Servicer is entitled to: (i) prior to the Assumption Date, the Backup Servicing Fee, and (ii) after the Assumption Date, the sum of: (A) the Servicing Fee, (B) any Repossession Expenses and (C) any Transition Expenses.

• As compensation for its backup servicing activities hereunder and under the Backup Servicing Agreement, the Backup Servicer shall be entitled to receive the Backup Servicing Fee pursuant to the provisions of Section 2.7(a).

More Definitions of Backup Servicing Fee

Backup Servicing Fee. The fee payable by the Borrower to the Backup Servicer pursuant to the Backup Servicing Agreement and Section 7.3 hereof.

Backup Servicing Fee shall have the meaning attributed to such term in the Backup Servicing Agreement.

Backup Servicing Fee means the fees payable to the Backup Servicer as set forth in the Backup Servicing Agreement.

Backup Servicing Fee means the greater of (a) 1/12 of 0.02% of the Pool Balance as of the first day of each Collection Period and (b) $4,000.

Backup Servicing Fee. The fee payable by the Issuing Entity to the Backup Servicer in the amount of $2,750 per month plus reasonable expenses as set forth in the Backup Servicing Agreement, or, in the case of the initial Distribution Date, in the amount of $5,041.67 plus reasonable expenses as set forth in the Backup Servicing Agreement.

Backup Servicing Fee means, as to each Payment Date, $4,000; provided, however, that if the Backup Servicer becomes the Successor Servicer, such fee shall no longer be paid.

Backup Servicing Fee shall have the meaning given to such term in the fee letter, dated as of the date hereof, among the Originator, the Trust Depositor, the Issuer and the Backup Servicer.