Common use of On-going Program Administration Fee Clause in Contracts

On-going Program Administration Fee. The Benefit Assessment Lien payment will include an on-going program administration fee due to Program Administrator equal to one-quarter of one percent (0.25%) per annum based upon of the outstanding balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee is specifically detailed in the ATTACHMENT 1-E – ASSESSMENT PAYMENT SCHEDULE attached to the Benefit Assessment Lien and will be collected by Capital Provider as part of the periodic installments collected from Property Owner.

Appears in 1 contract

Samples: Financing Agreement

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On-going Program Administration Fee. The Benefit Assessment Lien payment will include an on-on- going program administration fee due payable to Program Administrator equal to one-quarter half of one percent (0.250.50%) per annum based upon of the outstanding principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee is shall be specifically detailed in the ATTACHMENT 1-E – ASSESSMENT PAYMENT SCHEDULE attached to the Benefit Assessment Lien Payment Schedule and will be collected by Capital Provider as part of the periodic installments collected from payments paid by Property Owner.

Appears in 1 contract

Samples: Property Owner Agreement

On-going Program Administration Fee. The Benefit Assessment Lien payment will shall include an on-on- going program administration fee due payable to Program Administrator equal to one-quarter half of one percent per annum (0.250.50%) per annum based upon of the outstanding principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee is shall be specifically detailed in the ATTACHMENT 1-E – ASSESSMENT PAYMENT SCHEDULE attached to the Benefit Assessment Lien payment schedule and will shall be collected by Capital Provider as part of the periodic installments installment payments collected from Property Owner. Capital Provider shall hold these funds for the benefit of Program Administrator and will remit them to Program Administrator as outlined in Article III.

Appears in 1 contract

Samples: Capital Provider Agreement

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On-going Program Administration Fee. The Benefit Assessment Lien payment will include an on-going program administration fee due payable to Program Administrator equal to one-quarter of one percent (0.25%) per annum based upon of the outstanding principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee is shall be specifically detailed in the ATTACHMENT 1-E – ASSESSMENT PAYMENT SCHEDULE attached to the Benefit Assessment Lien Payment Schedule and will be collected by Capital Provider as part of the periodic installments collected from payments paid by Property Owner.

Appears in 1 contract

Samples: Property Owner Agreement

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