HIGH TOWER PREMIUM Sample Clauses

The "High Tower Premium" clause establishes a specific premium or additional fee that must be paid under certain conditions outlined in the agreement. Typically, this premium may apply in scenarios such as early repayment of a loan, triggering of a particular event, or as compensation for heightened risk or exclusivity. For example, if a borrower repays a loan ahead of schedule, they might be required to pay the High Tower Premium as an extra charge. The core function of this clause is to compensate the receiving party for potential losses or risks associated with the triggering event, thereby ensuring financial fairness and discouraging actions that could disadvantage the other party.