Owner Trustee Fee Rate. The per annum rate at which the Owner Trustee Fee is calculated.
Owner Trustee Fee Rate. With respect to any Mortgage Loan and for any Payment Date, the Owner Trustee Fee divided by the aggregate Scheduled Principal Balance of the Mortgage Loans, expressed as a percentage.
Examples of Owner Trustee Fee Rate in a sentence
The "Owner Trustee Fee Rate" is equal to the percentage obtained by dividing $3,000 by the aggregate principal balance of the HELOCs as of the beginning of the related Collection Period.
More Definitions of Owner Trustee Fee Rate
Owner Trustee Fee Rate. With respect to any Payment Date, the percentage obtained by dividing (a) the annual Owner Trustee Fee specified in clause (ii) of the definition of Owner Trustee Fee by (b) the Pool Balance as of the beginning of the related Collection Period.
Owner Trustee Fee Rate means $5,500 per annum.
Owner Trustee Fee Rate. As of the date of calculation a per annum rate equal to the Owner Trustee Fee divided by the Pool Principal Balance.
Owner Trustee Fee Rate. For any Mortgage Loan, (i) on the Payment Date occurring in July of each year, commencing in July 2009, a fraction, expressed as a percentage, the numerator of which is the portion of the Owner Trustee Fee payable from the Available Distribution Amount calculated pursuant to Section 8.05 and the denominator of which is the aggregate Scheduled Principal Balance of the Mortgage Loans and (ii) on any other Payment Date, 0.00%.
Owner Trustee Fee Rate has the meaning as defined in the Sale and Servicing Agreement.
Owner Trustee Fee Rate per annum.