Senior Costs definition
Senior Costs means, as of any date of determination, the sum of (a) all Carrying Costs plus (b) the Collateral Manager Fee plus (c) the Facility Agent Fee plus (d) the Backup Collateral Manager Fee plus (e) all fees due to the Custodian under the Custodian Fee Letter, each for the related Collection Period plus (f) the Unused Fee.
Senior Costs means the Senior Expenses Cap, the Senior Collateral Manager Fee Cap, the Deferred Arrangement Fee, and the Deferred Origination Fee.
Examples of Senior Costs in a sentence
Transfer to Accumulation Reserve Account Transfer to Series Cash Reserve Account Junior Costs: Monthly Distribution Amounts Servicing Fee Investor Default Amount Investor Charge-offs Senior Costs: LNI Distribution Account Funds Available * applicable to Series specific Monthly Distribution Amounts only ** applied in accordance with the Required Retained Principal Collections To Transferor To Funding 1 Funding 1 Finance Charge Collections (excl.