Accrued and Unpaid Inv Servicing Fees Recv'd 0.00 End. Accrued and Unpaid Inv. Servicing Fees 0.00 Number of Mortgage Loans Retransferred pursuant 0 to 2.07 Cumulative Number of Mortgage Loans Retransferred 0 pursuant to 2.07 Mortgage Loans Retransferred pursuant to 2.07 ($) 0.00 Cumulative Mortgage Loans Retransferred pursuant 0.00 to 2.07 ($) Aggregate Investor Liquidation Loss Amount 688,431.28 Investor Loss Reduction Amount 0.00 Beginning Pool Balance 450,027,320.94 Ending Pool Balance 430,145,011.75 Beginning Invested Amount 430,483,757.30 Ending Invested Amount 410,633,629.93 Beginning Seller Principal Balance 19,543,563.64 Ending Seller Principal Balance 19,511,381.82 Additional Balances 878,396.57 Beginning Funding Account Balance 0.00 Ending Funding Account Balance 0.00 Ending Funding Account Balance % (before any 0.00% purchase of Subsequent Loans or release to Certs.) Ending Funding Account Balance % (after purchase 0.00% of Subsequent Loans or release to Certs.) Principal Balance of Subsequent Funding Loans $0.00 Purchased in Period Principal Collections to purchase Additional $0.00 Balances and/or paid to Cert. Investment Earnings on Funding Account $0.00 Excess Funding Amount $0.00 Beginning Spread Account Balance 2,786,983.00 Ending Spread Account Balance 2,786,983.00 Beginning Seller Interest 4.34% Ending Seller's Interest 4.54% Delinquency & REO Status 30 - 59 days (Del Stat 1) No. of Accounts Trust Balance 980 60 - 89 days (Del Stat 2) 34,489,784.62 No. of Accounts 267 Trust Balance 8,626,866.55 90+ (Del Stat 3+) No. of Accounts 524 Trust Balance 17,547,056.20 REO No. of Accounts 83 Trust Balance 3,084,139.44 Rapid Amortization Event ? No Failure to make payment within 5 Business Days No of Required Date ? Failure to perform covenant relating to No Trust's Security Interest ? Failure to perform other covenants as No described in the Agreement ? Breach of Representation or Warranty ? No Bankruptcy, Insolvency or Receivership No relating to Seller ? Subject to Investment Company Act of 1940 No Regulation ? Servicing Termination ?
ACCRUED AND UNPAID AMOUNTS After giving effect to the withdrawals and transfers to be made in accordance with this notice, the following amounts will be accrued and unpaid with respect to all Monthly Periods preceding the current calendar month.
Unused Fees For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Unused Fee for such day. The Unused Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.
L/C Fees Borrower shall pay to Agent for the account of each Lender in accordance with its Applicable Percentage an L/C fee (the “L/C Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. L/C Fees shall be (A) due and payable on the first Business Day of each of April, July, October and January, in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand and (B) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all L/C Fees shall accrue at the Default Rate.
Interest on Amounts Paid Under Letters of Credit (i) Payment of Interest by Company. Company agrees to pay to each Issuing Lender, with respect to drawings honored under any Letters of Credit issued by it, interest on the amount paid by such Issuing Lender in respect of each such honored drawing from the date such drawing is honored to but excluding the date such amount is reimbursed by Company (including any such reimbursement out of the proceeds of Revolving Loans pursuant to subsection 3.3B) at a rate equal to (a) for the period from the date such drawing is honored to but excluding the Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (b) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.
01 Fees 13 2.02 Voluntary Reduction of Commitments..................... 14 2.03 Mandatory Adjustments of Commitments, etc.............. 14
Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
Compensation and Fees (a) As Dealer-Manager you shall receive from the Managing General Partner the following compensation, based on each Unit sold to investors in a Partnership whose subscriptions for Units are accepted by the Managing General Partner:
Late Fees All overdue accrued and unpaid interest to be paid hereunder shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law (the “Late Fees”) that shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.
Termination and Reduction of Aggregate Maximum Credit Amounts (a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.
