Indenture Trustee Fee Rate definition
Examples of Indenture Trustee Fee Rate in a sentence
The calculation of the Indenture Trustee Fee shall accrue at the Indenture Trustee Fee Rate on the basis of the Outstanding Principal Balance of the Notes.
As to any Payment Date, the one-twelfth (1/12) of the Indenture Trustee Fee Rate times the Pool Principal Balance as of the opening of business on the first day of the Due Period immediately preceding the calendar month of such Payment Date (or, with respect to the first Payment Date, the Original Pool Principal Balance).
The calculation of the Servicing Fees shall be made in accordance with Section 3.11; the Indenture Trustee Fees shall accrue at the Indenture Trustee Fee Rate on the basis of the Outstanding Principal Balance of the Notes.
Expense Fee Rate: The sum of (i) the Servicing Fee Rate, (ii) the Lender-Paid PMI Fee Rate, if applicable, and (iii) the Indenture Trustee Fee Rate.
Indenture Trustee Fee: As to any Payment Date, an amount equal to one-twelfth of the Indenture Trustee Fee Rate multiplied by the aggregate of the Scheduled Principal Balances of all the Mortgage Loans (including Mortgage Loans which are REO Property) as of the beginning of the related Due Period.