Credit Enhancement Fee Sample Clauses

Credit Enhancement Fee. The Credit Enhancement Rate multiplied by the result of subtracting (i) the aggregate principal amount (without regard to earnings) on deposit in each Principal Reserve Fund (but not in excess of the amount then scheduled to be on deposit in such Principal Reserve Fund in accordance with the attached Schedule 3), from (ii) the aggregate unpaid principal balance of the Bond Loans.
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Credit Enhancement Fee. To the extent that a Pooling and Servicing Agreement relating to a particular Series provides for the payment to the Transferor of a Credit Enhancement Fee, such Credit Enhancement Fee is to be paid to the Transferor by distribution of such amounts to the Collateral Agent for deposit and distribution pursuant to this Agreement. The Transferor hereby agrees that payment of the Credit Enhancement Fee in the manner and subject to the conditions set forth herein and in the related Pooling and Servicing Agreement is adequate consideration and the exclusive consideration to be received by the Transferor for the obligations of the Transferor pursuant hereto (including, without limitation, the transfer by the Transferor to the Collateral Agent of the Initial Spread Account Deposit related to such Series). The Transferor hereby agrees with the Trustee and with Financial Security that payment of the Credit Enhancement Fee to the Transferor is expressly conditioned on subordination of the Credit Enhancement Fee to payments on the senior Certificates of any Series, payments of amounts due to Financial Security and the other obligations in respect of each Trust, in each case to the extent provided in the applicable Pooling and Servicing Agreement and Section 3.03 hereof; and the Security Interests of the Secured Parties in the Collateral is intended to effect and enforce such subordination and to provide security for the Secured Obligations related to such Series and, except as otherwise provided in the related Series Supplement, for Secured Obligations with respect to other Series.
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Credit Enhancement Fee. In consideration of CEB's ratification and confirmation of the Collateral Agreement pursuant to Section 7 hereof and the grant of a security interest in the Intellectual Property pursuant to the provisions of Section 1 thereof, CFL agrees to pay CEB an additional Credit Enhancement Fee of Fourteen Thousand Five Hundred Fifteen Dollars ($14,515), payable within three (3) business days of the date of this Amendment, by wire transfer to CEB. CFL agrees to provide notice of payment of the Credit Enhancement Fee to Secured Party concurrently with the payment thereof to CEB. If the Credit Enhancement Fee is not paid as aforesaid, then this Amendment shall become null and void.
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Credit Enhancement Fee. Credit Enhancement Fee Rate..................................................
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Credit Enhancement Fee. 2.6.1 In addition to all other payments paid to the Developer under the Financing Documents, Tribe shall pay to Developer from Available Cash Flow the Credit Enhancement Fee. Payment to Developer of the Credit Enhancement Fee is in consideration of Developer providing the Credit Enhancer and all other services under this Agreement, and shall be paid to Developer during the entire Credit Enhancement Term and during the period between the Commencement Date and the Final Completion Date (the "Pre-Completion Period"), unless Tribe exercises the Buy-Out Option. The Credit Enhancement Fee is considered due and payable on the 15th day of each month of the Credit Enhancement Term and of the Pre-Completion Period. 2.6.2 As additional security for Tribe's payment obligations with respect to the Credit Enhancement Fee, Tribe grants to Developer a first lien security interest in the Collateral, which security interest shall be superior to all other claims against the Collateral. Tribe will execute and deliver all documents required and reasonably requested by Developer and or the Lender to evidence such security interest. It shall be Tribe's sole responsibility to cause the removal of any lien, encumbrance or other claim against the Collateral, including without limitation any lien, encumbrance or other claim, from a Third Party Dispute. Notwithstanding the foregoing provisions of this Section 2.6.2, Developer agrees to subordinate the foregoing lien to any lien required by Lender as a condition of funding the Loan. 2.6.3 The Tribe shall pay interest on overdue Credit Enhancement Fees at the rate equal to 12% per annum to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any bankruptcy law) on overdue installments of such interest (without regard to any applicable grace period) at the same rate to the extent lawful. All interest shall be automatically included into the next month's Credit Enhancement Fee payment. Insufficient Available Cash Flow from which to pay any portion of the Credit Enhancement Fee shall not be deemed to render payment of such fee "overdue" or to constitute an event of default under this or any other agreement.
Sample 1
Credit Enhancement Fee. Xxxxxx will pay to MRVT, at the execution of the Guaranty and this Agreement, a credit enhancement fee equal to two percent (2%) of the borrowed amount, not to exceed SEVEN MILLION SIX HUNDRED THOUSAND DOLLARS ($7,600,000), payable in MRVT stock (the "Fee Shares") at the closing price on the date of this Agreement.
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Credit Enhancement Fee. As consideration to Manager for making the Manager Advance and executing the Bank Guaranty, Owner agrees to pay to Manager an annual fee of $20,000 ("Credit Enhancement Fee"), the first installment of which shall be paid at the closing of the Manager Advance, and subsequent installments of which shall be payable on the same date each year until the Manager Advance has been paid in full, and the Bank Guaranty shall have been satisfied and finally canceled.
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Credit Enhancement Fee. The Company and Subscriber agree to indemnify the other against and hold the other harmless from any and all liabilities to any persons other than those listed on Schedule 8(a) claiming brokerage commissions, finder’s fees, credit enhancement fees or due diligence fees on account of services purported to have been rendered on behalf of the indemnifying party in connection with this Agreement or the transactions contemplated hereby or in connection with any investment in the Company at any time, whether or not such investment was consummated and arising out of such party’s actions. The Company represents that there are no parties entitled to receive fees, commissions, credit enhancement fees, due diligence fees, lead investor fees, or similar payments in connection with the Offering except as described on Schedule 8(a). The Company is solely responsible for payment of the fees described on Schedule 8(a) and agrees to pay all such fees at the times stated on Schedule 8(a).
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Credit Enhancement Fee 
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Related to Credit Enhancement Fee

  • Credit Enhancement 55 SECTION 12.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Letter of Credit Fees, Interest Rate The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum;

  • Servicer Fee The Servicer, including any successor Servicer, shall be entitled to payment of the Servicing Fee as defined herein, which shall be payable in accordance with Section 5.08(a) hereof. In no event shall the Indenture Trustee or the Trust Collateral Agent be responsible for the Servicing Fee or for any differential between the Servicing Fee and the amount necessary to induce a successor Servicer to assume the obligations of Servicer hereunder.

  • Net WAC Rate Carryover Reserve Account (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, "Net WAC Rate Carryover Reserve Account, [_______________], as Trustee, in trust for the registered holders of [_______________], New Century Home Equity Loan Trust, Series 200_-__, Asset Backed Pass-Through Certificates." The amount on deposit in the Net WAC Rate Carryover Reserve Account will consist of any amounts deposited into the Net WAC Rate Carryover Reserve Account pursuant to Section 4.01(a)(4). All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Offered Certificates in the manner set forth in Section 4.01(a)(4). (b) On each Distribution Date as to which there is a Net WAC Rate Carryover Amount payable to the Offered Certificates, the Trustee has been directed by the Class CE-1 Certificateholders to, and therefore will, deposit into the Net WAC Rate Carryover Reserve Account the amounts described in Section 4.01(a)(4), rather than distributing such amounts to the Class CE-1 Certificateholders. On each such Distribution Date, the Trustee shall hold all such amounts for the benefit of the Holders of the Offered Certificates, and will distribute such amounts to the Holders of the Offered Certificates in the amounts and priorities set forth in Section 4.01(a). On each Distribution Date, any amounts remaining in the Net WAC Rate Carryover Reserve Account after the payment of any Net WAC Rate Carryover Amounts on the Offered Certificates for such Distribution Date, shall be payable to the Trustee. (c) For federal and state income tax purposes, the Class CE-1 Certificateholders will be deemed to be the owners of the Net WAC Rate Carryover Reserve Account and all amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC III to the Holders of the Class CE-1 Interset and by the Class CE-1 Interest to the Class CE-1 Certificates. Upon the termination of the Trust Fund, or the payment in full of the Offered Certificates, all amounts remaining on deposit in the Net WAC Rate Carryover Reserve Account will be released by the Trust Fund and distributed to the Class CE-1 Certificateholders or their designees. The Net WAC Rate Carryover Reserve Account will be part of the Trust Fund but not part of any REMIC and any payments to the Holders of the Offered Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a "regular interest" in a REMIC within the meaning of Code Section 860(G)(a)(1).

  • Servicing Fee On each Payment Date, the Indenture Trustee on behalf of the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds on deposit in the Collection Account and the Reserve Account during each Collection Period.

  • Letter of Credit Fee Borrowers shall pay Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee (the “Letter of Credit Fee”) (which fee shall be in addition to the fronting fees and commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per annum rate equal to the LIBOR Rate Margin times the undrawn amount of all outstanding Letters of Credit.

  • Master Servicing Fee Rate The rate used to calculate the Master Servicing Fee for each Mortgage Loan is 0.017% per annum.

  • Commitment Fee The Borrowers agree to pay to the Administrative Agent for the account of any Revolving Credit Lender under each Class of Revolving Credit Commitments in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee equal to the product of the Applicable Rate with respect to unused Revolving Credit Commitment fees for such Class and the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Class of Revolving Credit Commitments exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Class of Revolving Credit Commitments and (B) the Outstanding Amount of L/C Obligations for such Class of Revolving Credit Commitments; provided that any commitment fee accrued with respect to any of the Revolving Credit Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrowers prior to such time; provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Class of Revolving Credit Commitments (unless otherwise specified in the relevant Additional Facility Joinder Agreement, Extension Amendment or Refinancing Amendment) shall accrue at all times starting from the first day of the Revolving Credit Availability Period for such Class until the earlier of (x) the last day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments, and (y) the date of the termination of the Revolving Credit Commitments of such Class, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable (i) quarterly in arrears on the last Business Day of each of March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the first day of the Revolving Credit Availability Period for such Class of Revolving Credit Commitments and (ii) on the earlier of (x) the Maturity Date for such Class of Revolving Credit Commitments and (y) the date of the termination of the Revolving Credit Commitments of such Class. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Yield Supplement Account On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes. The Yield Supplement Account shall be the property of the Issuer subject to the rights of the Indenture Trustee for the benefit of the Securityholders.

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