CREDIT RESERVE COMMISSION Sample Clauses

CREDIT RESERVE COMMISSION. 12.1) The BENEFICIARY shall pay to Financial Agents, in the proportion stipulated on Sub-item 7.3, the Credit Reserve Commission, determined in Sub-item 1.9, due every 30-day (thirty) period or fraction thereof, calculated on
Sample 1
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CREDIT RESERVE COMMISSION. The BENEFICIARY shall pay to BNDES a credit reserve commission of 0.1% (one tenth of a percent), to be collected for a period of 30 (thirty) days, or fraction, and accruing on: I - the unused balance of each credit installment, from the day immediately subsequent to its availability until the date of use, when its payment will be due; and II - the unused balance of the credit, from the date immediately subsequent to its availability until the cancellation date, effected upon request of BENEFICIARY, or by initiative of BNDES, and whose payment will be due, on the request date, or the date of BNDES’s decision, according to the case. SOLE § The accrual of the commission contemplated in items I and II, mentioned above, will occur in the event of the establishment of the funds availability scheme. CLAUSE 8
Sample 1
CREDIT RESERVE COMMISSION. I) The Credit Reserve Commission at the rate of 0.1% (one tenth of a percent) will be owed and can be charged for a period of 30 (thirty) days or a fraction affecting: a) the unused balance of each part of the credit, beginning on closest day to the day it is available up until the day it is used, at which point its payment will be collectable. b) The unused balance of the credit, beginning on the closest day to the day it is available up until the date of cancellation, with it being done at the request of the CREDIT RECIPIENT or through the initiative of DESENBANCO or the BNDES and whose payment will be collectable on the request date or the decision date, whichever is applicable. II) In the preceding cases, the incidence of the Credit Reserve Commission depends on the BNDES establishing the availability of resources scheme.
Sample 1
CREDIT RESERVE COMMISSION. The BENEFICIARY shall pay to BNDES a credit reserve commission of 0.1% (one tenth percent) due every 30-day (thirty) period or fraction thereof, calculated on:
Sample 1
CREDIT RESERVE COMMISSION. 13.1) The BENEFICIARY shall pay to Financial Agents, in the proportion stipulated on Sub-item 7.3, the Credit Reserve Commission, determined in Sub-item 1.9, due every 30-day (thirty) period or fraction thereof, calculated on: a) the balance not drawn of each credit parcel, as of the day subsequent to the credit parcel availability up to the drawing date, when its payment will be due; and b) on the credit not drawn as of the day subsequent to its availability up to the cancellation date upon request by the BENEFICIARY or by initiative of BNDES, which payment will be due on the request date or on the date of BNDES decision, as the case may be; 13.1.1) The incidence of the commission of the cases "a" and "b", above mentioned, shall depend on the determination of the scheme of availability of resources by the BNDES.
Sample 1

Related to CREDIT RESERVE COMMISSION

  • Letter of Credit Reports Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all such Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank.

  • Letter of Credit Commissions Subject to Section 5.15(a)(iii)(B), the Borrower shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit in the amount equal to the daily amount available to be drawn under such Letter of Credit times the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this Section 3.3(a) in accordance with their respective Revolving Credit Commitment Percentages.

  • Federal Reserve Regulations; Use of Loan Proceeds Except for the Federal Reserve Form to be executed and delivered by the Borrower, no filing or other action is required under the provisions of Regulations T, U or X in connection with the execution and delivery by the Borrower of this Credit Agreement and neither the making of any Loan in accordance with this Credit Agreement nor the use of the proceeds thereof, will violate or be inconsistent with the provisions of Regulations T, U or X.

  • Letter of Credit Liabilities At any time and in respect of any Letter of Credit, the sum of (a) the maximum undrawn face amount of such Letter of Credit plus (b) the aggregate unpaid principal amount of all drawings made under such Letter of Credit which have not been repaid (including repayment by a Revolving Credit Loan). For purposes of this Agreement, a Revolving Credit Lender (other than the Revolving Credit Lender acting as the Issuing Lender) shall be deemed to hold a Letter of Credit Liability in an amount equal to its participation interest in the related Letter of Credit under §2.10, and the Revolving Credit Lender acting as the Issuing Lender shall be deemed to hold a Letter of Credit Liability in an amount equal to its retained interest in the related Letter of Credit after giving effect to the acquisition by the Revolving Credit Lenders other than the Revolving Credit Lender acting as the Issuing Lender of their participation interests under such Section.

  • Federal Reserve Regulations (a) None of Holdings, the Borrower or any of the Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock.

  • Letter of Credit Requirements (a) Any Letter of Credit required under this Loan Agreement must satisfy the following conditions:

  • Credit Reports Borrower authorizes Lender to obtain a credit report on Borrower at any time.

  • Supporting Letter of Credit; Cash Collateral If, notwithstanding the provisions of this Section 2.18 and any other provision of this Agreement, any Letter of Credit is outstanding upon the termination of this Agreement, then upon such termination the Borrowers shall deposit with the Agent, for the ratable benefit of the Agent and the Lenders, with respect to each Letter of Credit then outstanding, as the Majority Lenders, in their discretion, shall specify, either (A) a standby letter of credit (a “Supporting Letter of Credit”) in form and substance satisfactory to the Agent, issued by an issuer satisfactory to the Agent in an amount equal to the greatest amount for which such Letter of Credit may be drawn plus any fees and expenses associated with such Letter of Credit, under which Supporting Letter of Credit the Agent is entitled to draw amounts necessary to reimburse the Agent and the Lenders for payments made by the Agent and the Lenders under such Letter of Credit or under any credit support or enhancement provided through the Agent with respect thereto and any fees and expenses associated with such Letter of Credit or credit support, or (B) cash in amounts necessary to reimburse the Agent and the Lenders for payments made by the Agent or the Lenders under such Letter of Credit or under any credit support or enhancement provided through the Agent and any fees and expenses associated with such Letter of Credit or credit support. Such Supporting Letter of Credit or deposit of cash shall be held by the Agent, for the ratable benefit of the Agent and the Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit or such credit support remaining outstanding. At Agent’s or Letter of Credit Issuer’s request, Borrowers shall cash collateralize in a manner satisfactory to Agent the Fronting Exposure of any Defaulting Lender.

  • Letter of Credit Compliance Notwithstanding any other provision of this Agreement, the Servicer shall comply with all the requirements of any Letter of Credit so as to assure the full benefit of such Letter of Credit to the Trustee.

  • Investment of Cash Collateral Pursuant to the SLA, the Client shall have the right to invest Cash Collateral received in respect of any loan, subject to an obligation, upon the termination of the loan, to return to the Approved Borrower the amount of cash initially pledged (as adjusted for any interim marks-to-market).

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