Deficiency Fee Sample Clauses

Deficiency Fee. Borrower is to pay Agent a monthly fee on the first day of each month equal to the Prime Rate plus three (3%) percent of the difference between required minimum deposit balances in accordance with Section 1.3(f) hereof and the actual (if less) average monthly deposit balances maintained by the Borrower during the preceding month. The deficiency fee is deemed earned in full on the date when same is due and payable hereunder and is not subject to rebate or pro ration upon termination of this Agreement for any reason.
Sample 1
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Deficiency Fee. The KFC Cooperative hereby agrees to pay to the Bank, in respect of each calendar quarter during the term of the KFC Line of Credit, a deficiency fee (the "KFC Deficiency Fee") in an amount equal to the product of (a) the Prime Rate plus two percent (2%) per annum as of the last day of such calendar quarter, and (b) the positive difference, if any, between (i) the KFC Minimum Compensating Balances Requirement, less (ii) the sum of the average daily collected balances maintained in the KFC Demand Deposit Account during such calendar quarter. The KFC Deficiency Fee shall be due and payable to the Bank quarterly in arrears within ten (10) days after the KFC Cooperative has received an invoice for the KFC Deficiency Fee from the Bank. Any KFC Deficiency Fee not paid to the Bank when due shall bear interest at the Default Rate, and the KFC Deficiency Fee, together with all accrued interest thereon, shall continue to be immediately due and payable to the Bank.
Sample 1
Deficiency Fee. The Pizza Hut Cooperative hereby agrees to pay to the Bank, in respect of each calendar quarter during the term of the Pizza Hut Line of Credit, a deficiency fee (the "Pizza Hut Deficiency Fee") in an amount equal to the product of (a) the Prime Rate plus two percent (2%) per annum as of the last day of such calendar quarter, and (b) the positive 37 38 difference, if any, between (i) the Pizza Hut Minimum Compensating Balances Requirement, less (ii) the sum of the average daily collected balances maintained in the Pizza Hut Demand Deposit Account during such calendar quarter. The Pizza Hut Deficiency Fee shall be due and payable to the Bank quarterly in arrears within ten (10) days after the Pizza Hut Cooperative has received an invoice for the Pizza Hut Deficiency Fee from the Bank. Any Pizza Hut Deficiency Fee not paid to the Bank when due shall bear interest at the Default Rate, and the Pizza Hut Deficiency Fee, together with all accrued interest thereon, shall continue to be immediately due and payable to the Bank.
Sample 1
Deficiency Fee. The Taco Bell Xxxperative hereby agrees to pay to the Bank, in respect of each calendar quarter during the term of the Taco Bell Xxxe of Credit, a deficiency fee (the "Taco Bell Xxxiciency Fee") in an amount equal to the product of (a) the Prime Rate plus two percent (2%) per annum as of the last day of such calendar quarter, and (b) the positive difference, if any, between (i) the Taco Bell Xxximum Compensating Balances Requirement, less (ii) the sum of the average daily collected balances maintained in the Taco Bell Xxxand Deposit Account during such calendar quarter. The Taco Bell Xxxiciency Fee shall be due and payable to the Bank quarterly in arrears within ten (10) days after the Taco Bell Xxxperative has received an invoice for the Taco Bell Xxxiciency Fee from the Bank. Any Taco Bell Xxxiciency Fee not paid to the Bank when due shall bear interest at the Default Rate, and the Taco Bell Xxxiciency Fee, together with all accrued interest thereon, shall continue to be immediately due and payable to the Bank.
Sample 1
Deficiency Fee. (i) Subject to the other provisions of this Agreement, Producer shall pay Gatherer [***], commencing [***], in accordance with the terms of this Agreement for Services provided by Gatherer during the [***], an amount equal to the difference between (such difference, the “Xxxxx Xpress Deficiency Fee”):
Sample 1
Deficiency Fee. If a net Deposit Deficiency exists for a full calendar quarter with respect to Balance Supported Loans, the Company shall pay to the Bank a deficiency fee ("Deficiency Fee") equal to the product of (a) such net Deposit Deficiency, times (b) the Average Daily Reference Rate for such quarter, times (c) the quotient of (i) the actual number of days in such quarter divided by 3, divided by (ii)
Sample 1

Related to Deficiency Fee

  • Payment of Reimbursement Amount To effect the expense reimbursement provided for in this Agreement, the Fund may offset the appropriate Reimbursement Amount against the management fees, Rule 12b-1 fees and/or shareholder servicing fees payable under the Investment Management Agreement, Rule 12b-1 Plan and/or the Shareholder Servicing Agreement. Alternatively, the Reimbursement Amount shall be paid directly by IICO, IDI and/or WISC. Such offset shall be taken, or such direct payment shall be paid, two times per year within 30 days following the date of a Fund’s applicable semi-annual or annual reporting period.

  • Agency Fee The Borrower shall pay to the Agent (for its own account) an agency fee in the amount and at the times agreed in a Fee Letter.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Funding Fee Seller shall pay to Bank a Funding Fee for each Participated Mortgage Loan as compensation for Bank’s costs and expenses incurred in connection with underwriting and processing its purchase of the Participation Interest in such Participated Mortgage Loan and administering such Participation Interest hereunder. The Funding Fee with respect to any Participated Mortgage Loan shall be: (a) earned in full by Bank on the related Purchase Date; and (b) payable to Bank by Seller upon the earlier to occur of the date on which: (i) all or any portion of the related Participation Interest is to be repurchased by Seller from Bank as contemplated by and in accordance with the terms of this Agreement; (ii) such Participated Mortgage Loan is sold to a Take-Out Purchaser as contemplated by and in accordance with the terms of this Agreement; or (iii) the entire principal balance of such Participated Mortgage Loan has been paid in full by the related Borrower.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Default Interest; Late Charge Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin plus five percent (5.0%) (the “Default Rate”), until such amount shall be paid in full (after as well as before judgment), and the fee payable with respect to Letters of Credit shall be increased to a rate equal to five percent (5.0%) above the Letter of Credit fee that would otherwise be applicable to such time, or if any of such amounts shall exceed the maximum rate permitted by law, then at the maximum rate permitted by law. In addition, the Borrower shall pay a late charge equal to four percent (4.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the other Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due (or, in the case of amounts due at the Revolving Credit Maturity Date or Term Loan Maturity Date, as applicable, within fifteen (15) Business Days of such date).

  • Maintenance Fee The Maintenance Fee (SEE SCHEDULE - ACCUMULATION PERIOD) will be deducted during the Accumulation Period from the Account Value on each anniversary of the Account Effective Date and upon withdrawal of the entire Account.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2015-1) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • Payment Amount Each Restricted Stock Unit represents one (1) Share of Common Stock.

  • Loan Fee Borrower agrees to pay Lender a single loan fee per Loan (a “Loan Fee”) equal to $0.001 per Loaned Share. The Loan Fee shall be paid by Borrower on or before the time of transfer of the Loaned Shares pursuant to Section 2(d) on a delivery-versus-payment basis through the facilities of the Clearing Organization.

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