Servicing Rate means 1.00% per annum.
Servicing Rate means 1.00% per annum, payable monthly at one-twelfth of the annual rate, subject to adjustment with respect to a successor Servicer pursuant to Section 14.02.
Servicing Rate means the Servicing Fee Rate or the Successor Servicing Fee Rate (Backup Servicer), as applicable.
Examples of Servicing Rate in a sentence
The Monthly Servicing Fee for any Collection Period shall equal the product of one-twelfth (1/12) of the Servicing Rate and the Pool Balance as of the first day of such Collection Period (or, in the case of the initial Collection Period, as of the Cutoff Date); provided, however, that the Monthly Servicing Fee payable to a successor Servicer other than the Indenture Trustee may equal such other amount as may be determined in accordance with Section 8.2(a).
More Definitions of Servicing Rate
Servicing Rate means ___% per annum.
Servicing Rate shall be 3.00% per annum.
Servicing Rate shall be [ ]% per annum, payable monthly[, provided, however, that if [the Standby Servicer] becomes the successor Servicer, the "Servicing Rate" shall be equal to a percentage per annum determined pursuant to [the Servicing Assumption Agreement] not to exceed [ ]% per annum].
Servicing Rate means, _____% per annum, payable monthly at one-twelfth of the annual rate, subject to adjustment with respect to a successor Servicer pursuant to Section 14.02.
Servicing Rate means 1.00% per annum. --------------
Servicing Rate means 1.00% per annum. (NAROT 2018-A Sale and Servicing Agreement)