Credit Support Fee Sample Clauses

Credit Support Fee. 4.1.1 Credit Support Fee. NEE Operating LP, on behalf of the NEP Group, hereby agrees to pay, during the term of this Agreement, the Credit Support Fee. The Credit Support Fee shall be paid quarterly in arrears.
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Credit Support Fee. As compensation for the Lender's issuance of each Credit Support, the Borrowers agree to pay the Lender a Credit Support Fee on each Funding Date in an amount equal to .0035 per annum times the principal amount of the loan or other payment obligation or exposure which is the subject of such Credit Support, unless a different fee amount is otherwise agreed upon and reflected on the Credit Support Commitment. Such amount will be calculated based on the actual number of days such Credit Support is in effect and a 360-day year and will be payable monthly, in arrears.
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Credit Support Fee. (a) In consideration of the obligations of HOC and HET set forth in the HET/HOC Guaranty and Loan Purchase Agreement, each Bank hereby severally agrees to pay to HOC a Credit Support Fee equal to the remainder (if positive) of (i) interest and Letter of Credit Fees actually paid to the Administrative Agent for the benefit of such Bank in respect of Tranche A-2 Term Loans, Tranche B-2 Term Loans (in the case of Tranche B-2 Term Loans, only in respect of the aggregate outstanding principal amount thereof from time to time in excess of $10,000,000), Revolving Loans, Swingline Loans and Letters of Credit, as the case may be, for any period, minus (ii) the amount of such interest and Letter of Credit Fees for such period calculated as if (x) in the case of Base Rate Loans, the rate of interest applicable thereto were the Base Rate plus the HET Base Rate Applicable Margin (as defined below), each as in effect from time to time during such period, (y) in the case of Eurodollar Loans, the rate of interest applicable thereto were the Eurodollar Rate plus the HET Eurodollar Applicable Margin (as defined below) in effect from time to time during such period and (z) in the case of Letter of Credit Fees, such fees accrued at a rate per annum equal to the HET Eurodollar Applicable Margin in effect from time to time during such period; provided, however, that no Credit Support Fee shall accrue or be due and payable (i) with respect to the Revolving Credit Facility (including Revolving Loans, Swingline Loans and Letters of Credit issued thereunder), until the Carry Obligation Termination Date or (ii) at any time during which HOC or HET is in default of any of its obligations under the HET/HOC Guaranty and Loan Purchase Agreement or any Guarantor Event of Default under, and as defined in, the HET/HOC Guaranty and Loan Purchase Agreement is then in existence; provided further, that in no event shall the amount of any Credit Support Fee paid by the Banks to HOC hereunder exceed 2.0% per annum (which 2.0% per annum amount shall be reduced, (1) with respect to Base Rate Loans, from time to time to the extent that the remainder of (x) the rate of interest actually applicable to such loans less (y) the sum of the Base Rate plus the HET Base Rate Applicable Margin as from time to time in effect, is less than 2% and (2) in all other cases, for any period during which the HET Eurodollar Applicable Margin exceeds 1.5%, by a percentage per annum equal to such excess), unless the
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Credit Support Fee. As compensation for the Lender's issuance of ------------------ each Credit Support, the Borrowers agree to pay the Lender a Credit Support Fee on each Funding Date in the amounts as shown in the Schedule of Credit Support Fees (Exhibit B). These amounts may be amended from time to time by the parties hereto.
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Credit Support Fee. Communications shall pay the Credit Enhancement Fee to Willxxxx xxxinning upon the earlier of (i) the existence or incurrence of any Reimbursement Obligations, as such term is defined in that certain Participation Agreement among Willxxxx, Xxmmunications, Willxxxx Xxxmunications, LLC, WCG Note Trust, WCG Note Corp., Inc., Willxxxx Xxxre Trust, United States Trust Company of New York, and Wilmington Trust Company dated as of March 22, 2001, upon or after March 15, 2004, or (ii) the WCG Free Cash Flow, and continuing upon the first day of each quarter thereafter (e.g., January 1, April 1, July 1 and October 1) until all of the Willxxxx Xxxrantees have been terminated and no member of the Willxxxx Xxxup has any continuing liabilities or obligations, contingent or otherwise, with respect thereto.
Sample 1
Credit Support Fee. TMCC shall, in connection with the Credit Support Agreement, make payment to TFS in the form of a credit support fee (the "Credit Support Fee") in US Dollars for each Reference Period not later than 30 days after the relevant Payment Date, at the rate of 0.05% per weighted average outstanding amount of all of the Securities, so long as such Securities are issued under the programs, agreements or other arrangements that have been implemented and have the benefit of the Credit Support Agreement. In calculating the amount of Credit Support Fee, the following conditions are to be met: a) The amount of Credit Support Fee shall be computed on the basis of a year of 365/6 days for the actual number of days elapsed. b) In calculating the number of days elapsed in a Reference Period, the first day shall be included and the last day excluded. c) The issue date shall be included and the maturity date excluded in calculating the number of days elapsed in a Reference Period in respect of the Securities. d) The US Dollar equivalent of Securities outstanding in any Other Currency shall be conclusively determined by TFS. e) Fractions of the amount of Credit Support Fee as a result of the above calculation shall be excluded from the amount to be paid by TMCC to TFS.
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Credit Support Fee 
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Related to Credit Support Fee

  • Credit Support A Credit Support Document between the Parties may apply to obligations governed by the Agreement. If the Parties have executed a Credit Support Document, such Credit Support Document shall be subject to the terms of the Agreement and is hereby incorporated by reference in the Agreement. In the event of any conflict between a Credit Support Document and the Agreement, the Agreement shall prevail, except for any provision in such Credit Support Document in respect of governing law.

  • Credit Support Obligations (i) Delivery Amount, Return Amount and Credit Support Amount.

  • Credit Support Provider Credit Support Provider means in relation to Party A: (1) Party A in its capacity as a party to the Credit Support Document and (2) the guarantor under any Eligible Guarantee, and in relation to Party B, Party B in its capacity as a party to the Credit Support Document.

  • Certain Credit Support Events If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

  • Credit Support Default (1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed; (2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or (3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document;

  • Child Support Obligation Under Section 231.006(d) of the Texas Family Code regarding child support, Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive the specified payment and acknowledges that the Contract may be terminated and payment may be withheld if this certification is inaccurate. If the certification is shown to be false, Contractor may be liable for additional costs and damages set out in 231.006(f).

  • Credit Support Documents Details of any Credit Support Document, each of which is incorporated by reference in, and made part of, this Agreement and each Confirmation (unless provided otherwise in a Confirmation) as if set forth in full in this Agreement or such Confirmation: (i) Guaranty dated as of the date hereof by Enron Corp. in favor of Party B as beneficiary thereof in the form attached hereto as Exhibit A, and (ii) ISDA Credit Support Annex attached hereto as Annex A.

  • Credit Support Document Party A: The Credit Support Annex, and any guarantee in support of Party A’s obligations under this Agreement. Party B: The Credit Support Annex, solely in respect of Party B’s obligations under Paragraph 3(b) of the Credit Support Annex.

  • Delinquent Child Support Obligations A child support obligor who is more than 30 days delinquent in paying child support and a business entity in which the obligor is a sole proprietor, partner, shareholder, or owner with an ownership interest of at least 25 percent is not eligible to receive payments from state funds under an agreement to provide property, materials, or services until all arrearages have been paid or the obligor is in compliance with a written repayment agreement or court order as to any existing delinquency. The Texas Family Code requires the following statement: “Under Section 231.006, Texas Family Code, the vendor or applicant certifies that the individual or business entity named in this contract, bid, or application is not ineligible to receive the specified grant, loan, or payment and acknowledges that this contract may be terminated and payment may be withheld if this certification is inaccurate.”

  • 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.

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