On-going Program Administration Fee. The Benefit Assessment Lien payment shall include an on-going program administration fee payable to Program Administrator equal to one quarter of one percent per annum (0.25%) based upon the principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee shall be specifically detailed in the payment schedule and shall be collected by Capital Provider as part of the periodic 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
On-going Program Administration Fee. The Benefit Assessment Lien payment shall will include an on-on- going program administration fee payable to Program Administrator equal to one quarter one-half of one percent (0.50%) per annum (0.25%) based upon the outstanding principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee shall be specifically detailed in the payment schedule Payment Schedule and shall will be collected by Capital Provider as part of the periodic installment installments payments collected from paid by 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: Property Owner Agreement
On-going Program Administration Fee. The Benefit Assessment Lien payment shall include an on-on- going program administration fee payable to Program Administrator equal to one quarter one-half of one percent per annum (0.250.50%) based upon the principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee shall be specifically detailed in the payment schedule and shall be collected by Capital Provider as part of the periodic 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
On-going Program Administration Fee. The Benefit Assessment Lien payment shall will include an on-going program administration fee payable due to Program Administrator equal to one one-quarter of one percent per annum (0.25%) per annum based upon of the principal outstanding balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee shall be is specifically detailed in the payment schedule ATTACHMENT 1-E – ASSESSMENT PAYMENT SCHEDULE attached to the Benefit Assessment Lien and shall will be collected by Capital Provider as part of the periodic installment payments installments 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: Financing Agreement
On-going Program Administration Fee. The Benefit Assessment Lien payment shall will include an on-going program administration fee payable to Program Administrator equal to one one-quarter of one percent per annum (0.25%) per annum based upon the outstanding principal balance of the Benefit Assessment Lien (the “Program Administration Fee”). The Program Administration Fee shall be specifically detailed in the payment schedule Payment Schedule and shall will be collected by Capital Provider as part of the periodic installment installments payments collected from paid by 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: Property Owner Agreement