Owner Trustee Fee definition

Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in August of each year, commencing in August 2024.

Owner Trustee Fee. As defined in Section 9.01 of the Trust Agreement.

Owner Trustee Fee. The annual fee payable as agreed upon by the Owner Trustee and the Depositor pursuant to the Owner Trustee Fee Letter.

Examples of Owner Trustee Fee in a sentence

• In addition, the Indenture Trustee shall withdraw from the Payment Account on each Payment Date and pay to the Owner Trustee the Owner Trustee Fee and its Expenses.

• The Master Servicer shall remit the Owner Trustee Fee to the Owner Trustee pursuant to Section 3.07 of the Servicing Agreement.

• The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement the Owner Trustee Fee.

• Pursuant to the terms of Section 6.07 of the Indenture, on each Payment Date, the Indenture Trustee shall remit the Owner Trustee Fee (beginning on the 13th Payment Date) and any Expenses incurred by the Owner Trustee to the Owner Trustee and shall pay the Trust's expenses incurred with respect to the performance of the Trust's duties under the Indenture, or, if such amounts are insufficient, the Owner Trustee shall be paid pursuant to Section 7.01 hereof.

• The amount of the Owner Trustee Fee shall be paid by the Master Servicer pursuant to Section 3.07(a)(xiii) of the Servicing Agreement and Section 2.11 hereof, and all amounts owing to the Owner Trustee hereunder in excess of such amount shall be paid pursuant to a separate side agreement or as provided in Section 5.01 hereof.

More Definitions of Owner Trustee Fee

Owner Trustee Fee means (i) a fee in the amount of $4,500, payable by the Issuer to the Owner Trustee on the Closing Date in connection with the review and execution of the Basic Documents and (ii) thereafter, an administration fee in the amount of $416.67 on each Distribution Date as compensation for its services under the Trust Agreement.

Owner Trustee Fee means an annual fee equal to (a) prior to the Owner Trustee becoming successor Administrator, $6,000.00 and (b) upon the Owner Trustee becoming successor Administrator, $5,000.00, which fee shall be due and payable on the first Payment Date of each year during the term hereof occurring after the Issuer’s receipt of an invoice therefor.

Owner Trustee Fee. The annual on-going fee payable by the Master Servicer on behalf of the Trust to the Owner Trustee from income on funds held in the Collection Account as provided in Section 5.07 and pursuant to the terms of a separate fee letter agreement.

Owner Trustee Fee. OWNER TRUSTEE FEE RATE: ______% per annum.

Owner Trustee Fee means a monthly fee equal to 1/12th of $15,000, payable on each Payment Date.

Owner Trustee Fee shall equal $4,000 a year.

Owner Trustee Fee. The annual fee of $4,000 payable in equal monthly installments to the Servicer pursuant to Section 5.01(c)(3)(i) which shall in turn pay such amount annually to the Owner Trustee on the anniversary of the Closing Date occurring each year during the term of this Agreement.