Servicer Fee definition

Servicer Fee means a fee with respect to each Accounting Period, payable in arrears on each Settlement Date for the account of the Servicer, in an amount equal to the product of (i) one-twelfth of the Servicer Fee Rate and (ii) the aggregate Principal Balances of all Pledged Contracts as of the last day of such Accounting Period; provided that if the Servicer is not DTCC or an Affiliate of DTAC, the Servicer Fee shall be reflective of the market rate for servicing similar Contracts.

Servicer Fee means the compensation payable under the Servicing Agreement to the Servicer.

Servicer Fee has the meaning specified in Section 2.05(a).

Examples of Servicer Fee in a sentence

• In addition to the Servicing Fee, on the date of its appointment as Successor Servicer, such Successor Servicer will receive a fee of $150,000 payable pursuant to Section 8.2(c) or 8.2(e) of the Indenture, as applicable, and thereafter, will be entitled to the Additional Successor Servicer Fee, which will be paid in accordance with the priorities set forth in Section 8.2(c) or 8.2(e) of the Indenture, as applicable.

• In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that in no event shall the Master Servicer Fee paid to such successor master servicer exceed that paid to the Master Servicer hereunder.

• The Backup Servicer will not make any changes to the Backup Servicer Fee set forth in the Backup Servicer Fee Letter without the prior written approval of the Administrative Agent and each Purchaser Agent.

• All calculations of the amount of the Servicing Fee, the Back-up Servicer Fee, Custodian Fee and the Indenture Trustee Fee shall be made on the basis of a 360-day year consisting of twelve 30-day months.

• As compensation for its servicing activities hereunder the Servicer shall be entitled to receive the Monthly Servicer Fee.

More Definitions of Servicer Fee

Servicer Fee means on each Payment Date (in accordance with and subject to the Priority of Payments) the amount equal to the product of (i) one-half of the Administrative Fee Base Rate and (ii) the aggregate DC nameplate capacity (measured in kW) of all the PV Systems owned by the Issuer as of the first day of the related Collection Period (excluding PV Systems related to Defaulted Solar Assets that are not operational and not in the process of being removed, repaired or replaced).

Servicer Fee has the meaning assigned to the term in Section 3.5.

Servicer Fee has the meaning specified in Section 2.11.

Servicer Fee means, on any Payment Date, an amount equal to one per cent. per annum (calculated on the basis of a 365 day year for days actually elapsed) of the Discounted Receivables Balance for such Payment Date.

Servicer Fee is defined in Section 2.4(b).

Servicer Fee means, for any Collection Period, an amount equal to the product of (i) 0.35% per annum multiplied by (ii) the Fee Basis Amount (calculated on the basis of a 360-day year and the actual number of days elapsed in the related Collection Period); provided that, the Servicer Fee is waived so long as Blackstone/GSO Secured Lending Fund is the Servicer.

Servicer Fee has the meaning set forth in Section 6.08; provided, that if the Servicer is not Xxxxxx or an Affiliate of Xxxxxx, the Servicer Fee shall be an amount equal to the market rate for servicing similar Receivables.