Float-Down Fee Sample Clauses

Float-Down Fee. In the event that, prior to closing, the ProLoan interest rate specified in the Rate Schedule during the Float-Down Window, as described in the Terms Sheet, would be more favorable to the borrower than the interest rate set on the Rate Determination Date, the Subadviser may, in its discretion, approve terms and conditions upon which the borrower's interest rate may be lowered for an additional Float-Down Fee from the borrower as described in the Terms Sheet. The Lender must receive prior approval from the Subadviser before allowing any float-down.
Sample 1
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Float-Down Fee. If the ProLoan interest rate specified in the Rate Schedule no more than 30 days and no less than 5 days prior to closing of a ProLoan (“Float-Down Window”) is more favorable to the borrower than the interest rate set on the Rate Determination Date, the Subadviser, in its sole discretion, may allow a borrower to “float-down” to the lower interest rate. Lender shall charge borrower a Float-Down Fee of 0.50% of the principal amount of the ProLoan, payable at the time of the float-down. This option is available to a borrower only once. The Lender must obtain approval from the Subadviser prior to granting a float-down. Lender shall notify the Manager via facsimile or e-mail by at least 12 noon CST on the next business day after a Float-Down Fee has been paid.
Sample 1
Float-Down Fee. In the event that the interest rate specified -------------- in the Rate Schedule in effect fifteen (15) days (or such other time period as specified in the Terms Sheet) prior to the closing of a Qualified Mortgage Loan would be more favorable to the borrower than the interest rate set on the Rate Determination Date, the Subadviser may, in its discretion, approve terms and conditions upon which the borrower's interest rate may be lowered for an additional fee from the borrower as described in the Terms Sheet. The Originator must receive prior approval from the Subadviser before allowing any float-down.
Sample 1
Float-Down Fee. In the event that the interest rate specified in the -------------- Rate Schedule in effect fifteen (15) days prior to the closing of a Qualified Mortgage Loan is more favorable to the borrower than the interest rate set on the Rate Determination Date, the borrower may pay a fee of -----% of his or her principal loan amount to reduce the interest rate on his or her Qualified Mortgage Loan. This "float-down fee" will be retained by the Fund.
Sample 1

Related to Float-Down Fee

  • 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.

  • Origination Fee The Borrower shall pay the Lender a fully earned and non-refundable origination fee of $50,000, due and payable upon the execution of this Agreement.

  • PAYMENT OF LOAN FEE Borrower shall pay Bank a fee in the amount of Eleven Thousand Two Hundred Fifty Dollars ($11,250) ("Loan Fee") plus all out-of-pocket expenses.

  • Utilisation fee (a) The Company must pay to the Facility Agent for each Lender a utilisation fee computed at the rate of:

  • Default Interest Rate From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing, a late payment charge equal to five percent (5%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver of any Event of Default under the Agreement. In no event shall the interest payable under this Addendum and the Agreement at any time exceed the maximum rate permitted by law.

  • Usage Fee For all days on which the Aggregate Outstanding Credit Exposure exceeds 50% of the Aggregate Commitment, the Parent agrees to pay to the Administrative Agent for the account of each Lender according to its Pro Rata Share a usage fee at a per annum rate equal to the Applicable Fee Rate on the amount of the Aggregate Outstanding Credit Exposure from the date hereof to and including the Facility Termination Date, payable on each Payment Date hereafter, on each respective Commitment Maturity Date, and on the Facility Termination Date.

  • Late Fee 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”) which shall accrue daily from the date such interest is due hereunder through and including the date of actual payment in full.

  • Interest Rates and Letter of Credit Fee RATES, PAYMENTS, AND CALCULATIONS.

  • Loan Origination Fee In consideration of the Commitment, the Company agrees to pay to Agent on the execution hereof a loan origination fee in the amount of $50,000.00. The Arrangement Fee of $225,000.00 has already been received.

  • Monthly Fee Programmer will pay Licensee for the broadcast of the programs hereunder a fee each month as described in more detail in Appendix A to this Agreement (the "Monthly Fee"). The Monthly Fee will be payable on the first day of each calendar month during the Term, to Clearly Superior Radio, L.L.C., 0000 Xxxxx Xxxxx Xxxxxx, Xxx Xxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx 00000, or to such other address as Licensee may designate in writing. The failure of Licensee to demand or insist upon prompt payment of the Monthly Fee will not constitute a waiver of its right to do so.

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