Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.

Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to the sum of (a) one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount of all Receivables held by the Issuing Entity as of the first day of such Monthly Period (or, for the first Distribution Date, the Basic Servicing Fee Rate multiplied by a fraction, the numerator of which is 60 and the denominator of which is 360, multiplied by the Aggregate Receivables Face Amount as of the Closing Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date. Basic Servicing Fee Rate: 1.00% per annum.

Basic Servicing Fee. With respect to any Monthly Period, the fee payable to the Servicer for services rendered during such Monthly Period, which shall be equal to one-twelfth of the Basic Servicing Fee Rate multiplied by the Aggregate Principal Balance as of the Determination Date falling in such Monthly Period. BASIC SERVICING FEE RATE: 1.25% per annum.

Examples of Basic Servicing Fee in a sentence

The Servicer is entitled to receive the Basic Servicing Fee out of collections in respect of the Receivables and other available funds, as and to the extent set forth herein and in the Further Transfer Agreements.
As compensation therefor, the Indenture Trustee shall be entitled to such compensation (whether payable out of the Collection Account or otherwise) as the Servicer would have been entitled to under this Agreement if no such notice of termination had been given including the Basic Servicing Fee, Investment Earnings and Supplemental Servicing Fees.

More Definitions of Basic Servicing Fee

Basic Servicing Fee. With respect to any Distribution Date, the product of (i) the Aggregate ABS Value of the Lease Assets at the opening of business on the first day of the related Monthly Period, (ii) 1/12 (or with respect to the first Distribution Date, a fraction, the numerator of which is 60 and the denominator of which is 360), and (iii) the Basic Servicing Fee Rate. Basic Servicing Fee Rate: 1.00% per annum.

Basic Servicing Fee. As defined in Section 2.09 of the Servicing Agreement.

Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to the sum of (a) one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount as of the first day of such Monthly Period (or, with respect to the first Distribution Date, one-sixth (1/6th) of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Face Amount as of the Cutoff Date) and (b) any unpaid Basic Servicing Fees from any prior Distribution Date. Basic Servicing Fee Rate: 1.00% per annum.

Basic Servicing Fee. With respect to any Collection Period, the fee payable to the Servicer for services rendered during such Collection Period, which shall be equal to one-twelfth of the Basic Servicing Fee Rate multiplied by the Aggregate Principal Balance as of the first day of the Collection Period.

Basic Servicing Fee means, with respect to any Distribution Date, an amount equal to the product of (i) one-twelfth of the Basic Servicing Fee Rate and (ii) the Pool Balance as of the first day of the preceding Collection Period.

Basic Servicing Fee. With respect to a Distribution Date, the basic fee payable to the Servicer for services rendered during the related Monthly Period, which shall be equal to one-twelfth (1/12th) of the Basic Servicing Fee Rate multiplied by the Aggregate Principal Balance of all Receivables held by the Trust as of the first day of such Monthly Period (or, for the first Distribution Date, the Basic Servicing Fee Rate multiplied by a fraction, the numerator of which is 30 and the denominator of which is 360, multiplied by the Aggregate Principal Balance as of the Initial Closing Date). Basic Servicing Fee Rate: 1.0% per annum.

Basic Servicing Fee. With respect to a Monthly Period, the fee payable to ------------------- the Servicer for services rendered during such Monthly Period, which shall be equal to one-twelfth of the Basic Servicing Fee Rate multiplied by the Aggregate Receivables Balance as of the first day of such Monthly Period. Basic Servicing Fee Rate: 1.0% per annum. ------------------------ Book-Entry Notes: A beneficial interest in the Notes, ownership and ---------------- transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture.