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Common use of LOAN SERVICE FEE Clause in Contracts

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.

Appears in 2 contracts

Samples: Clean Water State Revolving Fund Construction Loan Agreement, Clean Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 43,428 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0002,171,400. 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 will be assessed in the final loan Loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) repayments following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Design Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 156,499 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0007,842,930. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 73,129 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 $12,000,0003,656,470. 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.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 77,403 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment. Service Fees previously assessed and paid on amounts transferred from loan number DW530450 have been excluded from assessment in this Agreement.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 36,392 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Principal Forgiveness and Capitalized Interest amountInterest; that is, two percent of $12,000,0001,819,577. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 140,531 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0007,026,540. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 25,312 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0001,265,602. 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 will be assessed in the final loan Loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) repayments following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Planning and Design Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 20,900 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0001,045,000. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Planning, Design and Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 58,587 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Principal Forgiveness and Capitalized Interest amountInterest; that is, two percent of $12,000,0002,929,351. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 100,000 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0005,000,000. 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 Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 50,097 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0002,504,850. 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 Loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 84,300 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 $12,000,0004,215,000. 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.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement