Levy and Fee Caps Sample Clauses

Levy and Fee Caps. Seller agrees that for three (3) years after the date of Closing, Seller will reimburse Purchaser for any of the following imposed against the Lots by Sky Ranch Metropolitan District Nos 1 through 5, the CAB, the Regional Improvement Authority, Rangeview, or any other metropolitan district, the board of which is controlled by Seller (collectively, the “Seller-Controlled Districts”): (i) any mill levies for debt service, which in the aggregate exceed 56.000 mxxxx, as the same may be adjusted as set forth below (the “Debt Mill Levy Cap”); (ii) any mill levies for operations and maintenance, which in the aggregate exceed 15.000 mxxxx, as the same may be adjusted as set forth below (the “O&M Cap”); and (iii) any other costs, expenses, fees, taxes, exactions or other amounts imposed by the Seller-Controlled Districts, except those fees set forth on the Lot Development Fee Schedule or otherwise contemplated by this Contract (including any water and sewer tap fees payable to Rangeview), any increases in the fees charged by Rangeview which are Purchaser’s obligation under Section 16(a), and those fees charged by Rangeview as set forth on Rangeview’s current rate schedule (the “Fee Cap”). Notwithstanding the foregoing, the Debt Mill Levy Cap, the O&M Cap, and the Fee Cap, shall not apply to, and Purchaser, its successors and assigns, shall remain obligated for, payment of the Regional Improvement Mill Levy as set forth in Section 4(d)(ii). If during the period Purchaser owns any of the Lots and Seller’s representatives hold a majority of seats on the District Board (or the boards of such other Seller-Controlled Districts), the Debt Mill Levy Cap or the O&M Cap on any Lot is exceeded (as the same may be adjusted as herein provided) or if the Fee Cap is exceeded, Seller shall promptly, upon written notice from Purchaser thereof, pay such excess amounts (or if Purchaser has previously paid such excess amounts, reimburse Purchaser for such excess amounts). Notwithstanding the foregoing, the Debt Mill Levy Cap may be increased or decreased to reflect any legislation or constitutional amendment implementing changes in the ratio of actual valuation to assessed valuation for residential real property from 7.15% (an “Assessment Adjustment”). For purposes of the foregoing, a change in the ratio of actual valuation to assessed valuation shall be deemed to be an Assessment Adjustment.
Sample 1
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Related to Levy and Fee Caps

  • Points and Fees No Mortgagor was charged “points and fees” (whether or not financed) in an amount greater than (i) $1,000, or (ii) 5% of the principal amount of such Mortgage Loan, whichever is greater. For purposes of this representation, such 5% limitation is calculated in accordance with Xxxxxx Mae’s anti-predatory lending requirements as set forth in the Xxxxxx Xxx Guides and “points and fees” (x) include origination, underwriting, broker and finder fees and charges that the mortgagee imposed as a condition of making the Mortgage Loan, whether they are paid to the mortgagee or a third party; and (y) exclude bona fide discount points, fees paid for actual services rendered in connection with the origination of the Mortgage Loan (such as attorneys’ fees, notaries fees and fees paid for property appraisals, credit reports, surveys, title examinations and extracts, flood and tax certifications, and home inspections), the cost of mortgage insurance or credit-risk price adjustments, the costs of title, hazard, and flood insurance policies, state and local transfer taxes or fees, escrow deposits for the future payment of taxes and insurance premiums, and other miscellaneous fees and charges which miscellaneous fees and charges, in total, do not exceed 0.25% of the principal amount of such Mortgage Loan. This representation and warranty is a Deemed Material and Adverse Representation;

  • Services and Fees (a) The Advisor will, if requested by the Company:

  • Costs and Fees If you hire an attorney to enforce this agreement I will pay your reasonable attorney's fees, where permitted by law. I will also pay your court costs and costs of collection, where permitted by law.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers The Borrower shall pay directly to each L/C Issuer for its own account a fronting fee (a “Fronting Fee”) with respect to each Letter of Credit issued by it, at the rate per annum equal to 0.125% computed on the daily maximum amount then available to be drawn under such Letter of Credit. Such fronting fees shall be computed on a quarterly basis in arrears. Such fronting fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable within ten Business Days of demand and are nonrefundable.

  • Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

  • Commissions and Fees Pentegra has not incurred any obligation for any finder's, broker's or similar fees in connection with the transactions contemplated hereby.

  • Compensation and Fees (a) As Dealer-Manager you shall receive from the Managing General Partner the following compensation, based on each Unit sold to investors in a Partnership whose subscriptions for Units are accepted by the Managing General Partner:

  • Taxes and Fees Each Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

  • Expenses and Fees Except as expressly provided otherwise herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the Party incurring such expenses.

  • Costs, Expenses and Fees 6.1 Clause 10.11 (Transaction Costs) of the Amended Facility Agreement applies to this Agreement as if it were expressly incorporated in it with any necessary modifications.

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