Common use of Guaranty Fee Clause in Contracts

Guaranty Fee. HGP and HGP LP, jointly and severally, agree to pay Prime LP an annual fee of $400,000 which shall accrue from the date hereof until the date of the termination and unconditional release of any and all obligations under the Guaranty and be payable in equal quarterly installments in arrears on each March 31, June 30, September 30 and December 31, commencing June 30, 1998 (and on the date of termination and release).

Guaranty Fee. HGP and HGP LP, jointly and severally, agree to pay Prime LP an annual fee of $400,000 150,000 which shall accrue from the date hereof June 15, 2001 until the date of the termination and unconditional release of any and all obligations under the Guaranty and the Reaffirmation of Guaranty and be payable in equal quarterly installments in arrears on each March 31, June 30, September 30 and December 31, commencing June September 30, 1998 2001 (and on the date of termination and release).