Annual Service Fee. SBA shall retain an annual service fee based on a percentage the guaranteed principal outstanding as listed above. This fee will be collected by the FTA from all payments received from the Lender and will be transmitted to SBA on a regular basis, no less frequently than monthly. This fee will be used to defray program expenses and is subject to change from time to time.
Appears in 6 contracts
Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
