Common use of Lender Servicing Fee Clause in Contracts

Lender Servicing Fee. There shall be a minimum lender servicing fee required by SBA. This fee shall be published from time to time in the Federal Register. The minimum servicing fee as of the date of publication of this Form is 0.4% per annum for all loans. There shall also be a minimum premium protection fee for any Guaranteed Interest sold at a price greater than Par Value. This fee shall be published from time to time in the Federal Register. The minimum premium protection fee for those Loans sold on the secondary market at a premium as of the date of publication of this Form is 0.6% per annum. For any Guaranteed Interest sold at a price greater than Par Value, the total minimum lender fees, as of the date of publication of this Form, are 1.0% per annum. Except for the period between final disbursement and the first interest adjustment date, Xxxxxx’s total fees must remain constant for the life of the loan. Xxxxxx’s total fees, as computed on the unpaid principal amount of the Guaranteed Interest, shall be entered next to the phrase "Xxxxxx’s Permanent Fee" below. If this Agreement relates to a variable rate loan, the total fee may be adjusted for the period from final disbursement to the first adjustment date to conform the rate to market rates. If such an adjustment is used, enter the initial fee next to the phrase "Lender’s Initial Fee" below.

Lender Servicing Fee. There shall be a minimum lender servicing fee required by SBA. This fee shall be published from time to time in the Federal Register. The minimum servicing fee as of the date of publication of this Form is 0.4% per annum for all loans. There shall also be a minimum premium protection fee for any Guaranteed Interest sold at a price greater than Par Value. This fee shall be published from time to time in the Federal Register. The minimum premium protection fee for those Loans sold on the secondary market at a premium as of the date of publication of this Form is 0.6% per annum. For any Guaranteed Interest sold at a price greater than Par Value, the total minimum lender fees, as of the date of publication of this Form, are 1.0% per annum. Except for the period between final disbursement and the first interest adjustment date, Xxxxxx’s total fees must remain constant for the life of the loan. XxxxxxLender’s total fees, as computed on the unpaid principal amount of the Guaranteed Interest, shall be entered next to the phrase "Xxxxxx’s Lender Permanent Fee" below. .” If this Agreement relates to a variable rate loan, the total fee may be optionally adjusted for the period from final disbursement to the first interest rate adjustment date to conform the rate to market rates. If such an adjustment is used, enter the initial adjusted fee next for the period shall be the “Lender Initial Fee.” The Lender Initial Fee must confirm to the phrase "Lender’s Initial Fee" belowminimum fee requirements above.