Common use of Amount of Guarantee Fee; Dates of Payment Clause in Contracts

Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the Bond, payable as provided in paragraph (b) of this Section 4.2. (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond on that date. In addition, on the date of each Advance under the Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond after that date.

Appears in 3 contracts

Samples: Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the BondBonds, payable as provided in paragraph (b) of this Section 4.2. (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond Bonds on that date. In addition, on the date of each Advance under the a Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond Bonds after that date.

Appears in 3 contracts

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the BondBonds, payable as provided in paragraph (b) of this Section 4.2. (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond Bonds on that date. In addition, on the date of each Advance under the a Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond after that date.

Appears in 2 contracts

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the BondBonds, payable as provided in paragraph (b) of this Section 4.2. (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond Bonds on that date. In addition, on the date of each Advance under the a Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond Bonds after that date.. Fourth Amended, Restated and Consolidated Bond Guarantee Agreement

Appears in 1 contract

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount of Guarantee Fee; Dates of Payment. (a) The 3.The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the BondBonds, payable as provided in paragraph (b) of this Section 4.2. (ba) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond Bonds on that date. In addition, on the date of each Advance under the a Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (cb) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond Bonds after that date.

Appears in 1 contract

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the Bond, payable as provided in paragraph (b) of this Section 4.2. . (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond on that date. In addition, on the date of each Advance under the Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond after that date.

Appears in 1 contract

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount of Guarantee Fee; Dates of Payment. (a%3) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the BondBonds, payable as provided in paragraph (b) of this Section 4.2. (ba) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond Bonds on that date. In addition, on the date of each Advance under the a Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (cb) Payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond Bonds after that date.

Appears in 1 contract

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Amount of Guarantee Fee; Dates of Payment. (a) The Guarantee Fee will be in the amount of 30 basis points (0.30 percent) of the unpaid principal amount of the Bond, payable as provided in paragraph (b) of this Section 4.2. (b) The Guarantee Fee will be payable, in advance, on each January 15 and July 15 in the amount of 15 basis points (0.15 percent) of the outstanding principal amount of the Bond on that date. In addition, on the date of each Advance under the Bond, the Borrower will pay to RUS the Guarantee Fee on the principal amount of such advance in the amount of (i) 30 basis points (0.30 percent) of the principal amount of such advance multiplied by (ii) the ratio of (x) the actual amount of days from the date of such advance until the next January 15 or July 15, whichever comes first, to (y) 365 (except in calendar years including February 29, when the number shall be 366). (c) Payments payments of the Guarantee Fee are non-refundable as of the date and in the amount required to be paid hereunder, without regard to any reduction in the principal amount of the Bond after that date.

Appears in 1 contract

Samples: Bond Guarantee Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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