Servicing Base Amount definition

Servicing Base Amount shall have the meaning specified in Section 3.01.

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Servicing Base Amount shall have the meaning specified in Section 3.1.

Servicing Base Amount means, with respect to any Transfer Date, the Adjusted Invested Amount as of the last day of the second preceding Collection Period.

Examples of Servicing Base Amount in a sentence

• The share of the Monthly Servicing Fee allocable to the Class B Certificateholders with respect to any Distribution Date (the “Class B Servicing Fee”) shall be equal to one-twelfth of the product of (a) the Class B Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount.

• The share of the Monthly Servicing Fee allocable to the Class A Certificateholders with respect to any Distribution Date (the “Class A Servicing Fee”) shall be equal to one-twelfth of the product of (a) the Class A Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount.

• The share of the Monthly Servicing Fee allocable to the Collateral Interest with respect to any Distribution Date (the “Collateral Servicing Fee”) shall be equal to one-twelfth of the product of the (a) Collateral Floating Percentage, (b) the Servicing Fee Rate and (c) the Servicing Base Amount.

More Definitions of Servicing Base Amount

Servicing Base Amount shall have the meaning specified in Section 3.1. "Servicing Fee Rate" shall mean 2.0% per annum. "Telerate Page 3750" shall mean the display page currently so designated on the Dow ▇▇▇▇▇ Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). "Transferor Percentage" shall mean 100% minus (a) the Floating Allocation Percentage, when used at any time with respect to Finance Charge Receivables and Defaulted Receivables, or (b) the Principal Allocation Percentage, when used at any time with respect to Principal Receivables. "Yield Supplement Account" shall have the meaning specified in subsection 4.15(a). "Yield Supplement Draw Amount" shall mean an amount equal to the sum of (a) (i) for the six Distribution Dates from and including the August 1998 Distribution Date through and including the January 1999 Distribution Date, 1/9th of the Initial Yield Supplement Deposit, (ii) for the six Distribution Dates from and including the February 1999 Distribution Date through and including the July 1999 Distribution Date, 1/18th of the Initial Yield Supplement Deposit and (iii) thereafter, zero and (b) with respect to any such Distribution Date, the investment earnings on the amounts on deposit in the Yield Supplement Account during the preceding Interest Period.