Expense Rate definition

Expense Rate. As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.

Expense Rate means, as of any date of determination, with respect to the Series 2013-VF1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2013-VF1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2013-VF1 Notes at the close of business on such date.

Expense Rate means the annualised percentage equivalent of a fraction (A) the numerator of which is the sum of: (1) the Class A Monthly Required Expense Amount, the Class B Monthly Required Expense Amount and the Class C Monthly Required Expense Amount, each for the related Monthly Period plus (2) an amount equal to the Investor Servicing Fee actually payable and (3) an amount equal to the Investor Trust Cash Management Fee actually payable each with respect to the related Monthly Period and (B) the denominator of which is the Investor Interest as of the Record Date preceding such Transfer Date;

Examples of Expense Rate in a sentence

• With respect to Non-GAAP Operating Profit, Non-GAAP Earnings Per Share, Non-GAAP Other Income (Expense) and Non-GAAP Tax Expense Rate guidance, adjustments in future periods are generally expected to be similar to the kinds of charges and costs excluded from these Non-GAAP measures in prior periods, but the impact of such adjustments could be significant.

• On the first and last travel day, Southern employees are only eligible for 75 percent of the total Meal and Incidental Expense Rate for their temporary duty travel location (not the official duty station location).

• Expense Rate ------------ As to each Loan, the sum of (a) the Servicing Fee Rate and (b) the Trustee Fee Rate.

• With respect to Non-GAAP Operating Profit, Non-GAAP Loss Per Share, Non-GAAP Other Income (Expense) and Non-GAAP Tax Expense Rate guidance, adjustments in future periods are generally expected to be similar to the kinds of charges and costs excluded from these Non-GAAP measures in prior periods, but the impact of such adjustments could be significant.

• Rackspace Technology has not reconciled Non-GAAP Operating Profit, Non-GAAP Earnings Per Share, Non-GAAP Other Income (Expense) or Non-GAAP Tax Expense Rate guidance to the most directly comparable GAAP measure because it does not provide guidance on GAAP net income (loss) or the reconciling items between these Non-GAAP measures and GAAP net income (loss) as a result of the uncertainty regarding, and the potential variability of, certain of these items, such as share-based compensation expense.

More Definitions of Expense Rate

Expense Rate. For any Distribution Date and each of the Fixed Rate Group and the Adjustable Rate Group, the sum of the rates at which the Servicing Fee, the Insurance Premium Amount and the Trustee Fee applicable to each of the Fixed Rate Group and the Adjustable Rate Group are calculated.

Expense Rate. As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate. FDIC: The Federal Deposit Insurance Corporation, or any successor thereto.

Expense Rate means the expected administrative costs to administer the plan expressed as a percentage of

Expense Rate means, as of any date of determination, with respect to the Series 2013-T1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by (1) the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2013-T1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2013-T1 Notes at the close of business on such date.

Expense Rate. As to each Loan, the sum of the related Servicing Fee Rate, the Trustee Fee Rate and the rate at which the Insurer's Monthly Premium accrues.

Expense Rate. As of any date of determination, with respect to the Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to the Holders of the Notes, pursuant to this Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Notes at the close of business on such date.

Expense Rate means, as of any date of determination, with respect to the Series 2019-VF1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of (1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to any payments to the Noteholders of the Series 2019-VF1 Notes, pursuant to the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2019-VF1 Notes at the close of business on such date.