Payments and Transfers to the Reserve Fund Sample Clauses

Payments and Transfers to the Reserve Fund. The Lender shall set the premium charges payable to the Reserve Fund by the Lender and the Borrower in connection with an Eligible Loan being filed for enrollment with the VSBFA pursuant to Section 4.2. The amount paid by the Borrower and Lender shall not be less than 2.0% of the amount of the Enrolled Loan and shall not be greater than 7.0% of the amount of the Enrolled Loan. The amount paid by the Lender shall be equal to the amount paid by the Borrower. The Lender may recover from the Borrower the cost of the Lender’s payment of the premium charges described in this Section in any manner in which the Lender and Borrower agree. When enrolling an Eligible Loan under Article IV, the VSBFA shall transfer into the Reserve Fund an amount determined as follows:

Payments and Transfers to the Reserve Fund. The premium charges payable to the Reserve Fund by the Lender and the Borrower in connection with a loan being filed for enrollment with MBDC pursuant to Section 4.2 shall be prescribed by the Lender provided that (i) the amount paid by the Borrower shall not be less than 3% or greater than 7% of the amount of the loan and (ii) the amount paid by the Lender shall be equal to the amount paid by the Borrower. The Lender may recover from the Borrower the cost of the Lender’s payment hereunder in any manner agreed to by the Lender and the Borrower. Such premium charges of the Lender and Borrower are referred to herein collectively as the “Lender Premium.” With respect to each loan enrolled by the Lender in the Program pursuant to this Agreement, for purposes of creating reserve funds with financial institutions that participate in the Program then, to the extent such funds remain available, MBDC shall transfer into the Reserve Fund at or about the time such loan is so enrolled an amount determined as follows and to be referred to herein as the “Matching Premium”:

Payments and Transfers to the Reserve Fund. The Lender shall set the premium charges payable to the Reserve Fund by the Lender and the Borrower in connection with a loan being filed for enrollment with IBGC pursuant to Section 4.2. The total amount paid by the Borrower and Lender shall not be less than 3% of the enrolled amount of the loan, and shall not be greater than 7% of the enrolled amount of the loan. The Lender must pay into the Reserve Fund an amount at its discretion, which may be recovered from the Borrower. When enrolling a loan under Article IV, IBGC shall transfer into the Reserve Fund, solely from available funds that have been allocated to the Program, a matching amount equal to the premium charges paid to the Reserve Fund account by the Borrower and Lender. In connection with a loan that the Lender anticipates will become an Enrolled Loan, if the Lender wishes to assure itself that allocated funds are available to enable IBGC to make a Transfer of Fees upon enrollment, the Lender may obtain a reservation from IBGC of the appropriate amount, in accordance with procedures specified by IBGC. The reservation may be obtained before or after the Lender enters into the contract for the loan, and shall be binding on IBGC if IBGC receives the documentation identified in Section 4.2 of this Agreement with respect to such loan within Thirty (30) Business Days after the date of the reservation, provided that the Lender complies with all the requirements of Section 4.2.

Payments and Transfers to the Reserve Fund. The Lender shall set the premium charges payable to the Reserve Fund by the Lender and the Borrower in connection with a loan being filed for enrollment with the MSF pursuant to Section 4.2. The amount paid by the Borrower shall not be less than 1.5% of the amount of the loan, and shall not be greater than 3.5% of the amount of the loan. The amount paid by the Lender shall be equal to the amount paid by the Borrower. The Lender may recover from the Borrower the cost of the Lender’s payment, in any manner in which the Lender and Borrower agree. When enrolling a loan under Article IV, the MSF shall transfer into the Reserve Fund, from available funds that have been allocated by the Board of Directors of the MSF to the Program, an amount determined as follows:

Payments and Transfers to the Reserve Fund. The premium charges payable to the Reserve Fund by the Lender and the Borrower in connection with a loan being filed for enrollment with BDC pursuant to Section