LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $12,000,000. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.
LOAN SERVICE FEE. The Loan Service Fee is estimated as $33,609 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $1,680,443. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment. Capitalized Interest is computed on the assessed Loan Service Fee at the Financing Rate, or rates and included in the Final Amendment. It accrues and is compounded annually from the Final Amendment date until six months before the first Semiannual Loan Payment is due.
LOAN SERVICE FEE. 6.1. The Loan Service Fee consists of the fee payable by the Borrower to the Lender for received Services from the Lender as the case may be under the Agreement and in accordance with the terms and conditions hereof.
6.2. The amount of Loan Service Fee shall be as specified in the Special terms of this Agreement.
6.3. The Loan Service Fee shall be paid by the Borrower in accordance with the terms and conditions of the Agreement along with the Loan repayment and other costs and charges (if applicable) to the Lender.
6.4. The Loan Service Fee will not be refunded for any reason in any event. If the Borrower repays the approved and disbursed Loan amount and any other payments before the Due date, the Loan Service Fee will remain unchanged.
LOAN SERVICE FEE. The Loan Service Fee is estimated as $255,378 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest; that is, two percent of $12,768,910. The Loan Service Fee amount shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final amendment. The Local Borrower shall pay the Loan Service Fee from the first available repayments following the final amendment. Capitalized Interest is computed on the assessed Loan Service Fee at the Financing Rate, or rates and included in the final amendment. It accrues and is compounded annually from the final amendment date until six months before the first Semiannual Loan Payment is due. A service fee assessed in a final amendment occurring later than six months before the first Semiannual Loan Payment date would not accrue Capitalized Interest charges.
LOAN SERVICE FEE. The Borrower shall pay to Lender a monthly loan service fee ("Loan Service Fee") that shall be computed at the rate of fifty (50) basis points per annum times the sum of (i) the average daily
LOAN SERVICE FEE. The Loan Service Fee is $42,657 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest; that is, two percent of $2,132,834. An additional Loan Service Fee amount will be assessed for any additional funding provided by amendment to this Agreement. The fee shall be adjusted downward if adjustment of Project costs results in a Loan decrease, provided that the decrease amendment is executed before the first Semiannual Loan Payment due date. Interest shall accrue on the Loan Service Fee at the rate, or rates, set for the Loan until the fee is paid. Loan Service Fee interest shall be compounded annually from the effective date of the Loan until six months before the first Semiannual Loan Payment is due at which time it is capitalized. The estimated Loan Service Fee capitalized interest is $540.
LOAN SERVICE FEE. The Loan Service Fee is estimated as $602,000 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $30,100,000. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayments following the final amendment. Capitalized Interest is computed on the assessed Loan Service Fee at the Financing Rate, or rates and included in the final amendment. It accrues and is compounded annually from the final amendment date until six months before the first Semiannual Loan Payment is due. A service fee assessed in a final amendment occurring later than six months before the first Semiannual Loan Payment date would not accrue Capitalized Interest charges.
LOAN SERVICE FEE. The Loan Service Fee is estimated as $7,534 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $376,693. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. Capitalized Interest is computed on the assessed Loan Service Fee at the Financing Rate, or rates and included in the Final Amendment. It accrues and is compounded annually from the Final Amendment date until six months before the first Semiannual Loan Payment is due. A service fee assessed in a Final Amendment occurring later than six months before the first Semiannual Loan Payment date would not accrue Capitalized Interest charges.
