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 to Lender a fee in the amount of One Thousand Five Hundred and 00/100 Dollars ($1,500.00) (the "Loan Fee") plus all out-of-pocket expenses.

  • 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.

  • 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.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.

  • Transaction Fee In connection with the creation or redemption of Creation Units, the Transfer Agent shall charge, and the Participant agrees to pay to the Transfer Agent, the Transaction Fee prescribed in the Prospectus and such additional amounts as may be prescribed pursuant to the Prospectus. Such Transaction Fee and additional amounts, if any, shall be included in the calculation of the Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the creation or redemption order.

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