Collateral Management Fees. 20.8.5.1 ABX shall charge a Monthly Collateral Management Fee on Full Member’s Bullion Account in accordance with this Clause 20.8.5. For the avoidance of doubt, Collateral Management Fees shall be incurred by Full Member on a day an eVW is released or cancelled, regardless of time of release or cancellation on said day.
20.8.5.2 Monthly Collateral Management Fees shall calculated as the sum of the Daily Collateral Management Fees for the previous calendar month. Monthly Collateral Management Fee = Daily Collateral Management Fees
20.8.5.3 Daily Collateral Management Fees shall be calculated by multiplying Full Member’s respective Collateral Management Fee by the sum of the Open Pledge Values.
20.8.5.4 The Open Pledge Value of each eVW shall be calculated at the time of transition of each eVW from valid status or requested (whichever is applicable) to pledged status as the Primary Close Value of the Bullion the subject of said eVW, multiplied by each eVW’s respective Lending Ratio. Open Pledge Value = Primary Close Value of Bullion X Lending Ratio
20.8.5.5 The Open Pledge Value shall remain constant from the day of transition to pledged until such time as the eVW is:
a. released from pledged to valid status; or
b. cancelled from pledged to cancelled status.
20.8.5.6 ABX shall determine the applicable Collateral Management Fee to be charged to Full Member as follows:
a. Where the Open Pledge Value of the previous calendar month reaches USD 0 to USD 1,000,000; Full Member’s Collateral Management Fee shall be 0.083% per month;
b. Where the Open Pledge Value of the previous calendar month reaches USD 1,000,001 to USD 10,000,000; Full Member’s Storage Fee shall be 0.0625% per month;
c. Where the Open Pledge Value of the previous calendar month reaches or exceeds USD 10,000,001; Full Member’s Storage Fee shall be determined by negotiation with ABX wherein said Storage Fee is less than that specified in Clause 20.8.5.6 c.
Collateral Management Fees. Borrowers shall pay to Collateral Agent, as additional interest, for its own account, a monthly fee in an amount equal to the average daily principal balance of the Loan (including the Overadvance Facility) during any calendar month multiplied by 0.042%. Such fee shall be payable monthly in arrears on the first day of each month following the Closing Date."
c. Amendment to Section 2.4(B)(1). Section 2.4(B)(1) is hereby deleted in its entirety and replaced with the following:
Collateral Management Fees. A collateral management fee in an amount equal to the percentage indicated in Section 2.6(d) of Schedule B times the average outstanding Loans during the prior month, due and payable monthly in arrears on the first day of the month and on the Final Maturity Date. Notwithstanding the foregoing, Borrower shall pay Lender at least the Minimum Collateral Management Fee each month during the term of this Agreement and Borrower shall pay any deficiency between the Minimum Collateral Management Fee and the amount of collateral management fee otherwise payable on the first day of each month and on the Final Maturity Date.
Collateral Management Fees. Subject to the waiver of fees as described below, as compensation for its performance of its obligations as Collateral Manager under this Agreement and the Indenture, the Collateral Manager will be entitled to receive on each Payment Date (in accordance with the Priority of Payments) a fee, which will accrue quarterly in arrears on each Payment Date (prorated for the related Interest Accrual Period), in an amount equal to 0.25% per annum (calculated on the basis of the actual number of days in the applicable Collection Period divided by 360) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date (the "Collateral Management Fee"); provided that the Collateral Management Fee due on any Payment Date shall not include any such fee (or any portion thereof) that has been waived by the Collateral Manager pursuant to Section 8(a) of this Agreement no later than the Determination Date immediately prior to such Payment Date. The Collateral Management Fee will be payable on each Payment Date to the extent of the funds available for such purpose in accordance with the Priority of Payments. The Collateral Management Fee is payable on each Payment Date only to the extent that sufficient Interest Proceeds or Principal Proceeds are available in accordance with the Priority of Payments. To the extent the Collateral Management Fee is not paid on a Payment Date due to insufficient Interest Proceeds or Principal Proceeds (and such fee was not voluntarily waived by the Collateral Manager), the unpaid portion of the Collateral Management Fee due on such Payment Date (the "Collateral Management Fee Shortfall Amount") will be automatically deferred for payment on the succeeding Payment Date, with interest, in accordance with the Priority of Payments. Interest on Collateral Management Fee Shortfall Amounts shall accrue at the prime rate for the period beginning on the first Payment Date on which the related Collateral Management Fee was due (and not paid) through the Payment Date on which such Collateral Management Fee Shortfall Amount (including accrued interest) is paid. At such time as all of the Secured Notes are redeemed in connection with an Optional Redemption, Tax Redemption or Clean-Up Call Redemption without duplication, all accrued and unpaid Collateral Management Fees and Collateral Management Fee Shortfall Amounts (including accrued interest) (collectively, the "Aggregate Collateral Management Fee") shall be due and payable to ...
Collateral Management Fees. ABX shall charge a Monthly Collateral Management Fee on PTM’s Bullion Account in accordance with this Clause 20.8.5. For the avoidance of doubt, Collateral Management Fees shall be incurred by PTM on a day an eVW is released or cancelled, regardless of time of release or cancellation on said day.
Collateral Management Fees. During the period from and including the Closing Date until the Commitments have been terminated and the principal of and interest and premium (if any) on each Loan, all Fees and all other expenses or amounts due and payable under any Loan Document have been paid in full, Borrower agrees to pay to Lender $50,000 per month, payable monthly in arrears on the last Business Day of each calendar month (the “Collateral Management Fees”).
Collateral Management Fees. A collateral management fee in an amount equal to the percentage indicated in Section 2.6(d) of Schedule B times the average outstanding Loans during the prior month, due and payable monthly in arrears on the first (1st) day of the month and on the Final Maturity Date.
Collateral Management Fees. Borrower shall pay to Lender a collateral management fee of $300.00 per month payable monthly in arrears on the first day of each calendar month hereafter. In addition to such monthly fee, Borrower shall reimburse Lender for field exam expenses at a rate of $750.00 per man or woman, per day.
Collateral Management Fees. (a) Borrowers shall pay Agent a collateral management fee equal to Two Thousand Dollars ($2,000) per month commencing on March 1, 2000 and on the first day of each month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.
Collateral Management Fees. 3 2.6 Collection Charges.....................................................3 2.7 Audit and Appraisal Fees...............................................3 2.8 Letter of Credit Fee...................................................3 2.9 Reimbursement of Expenses..............................................4
