Payments to Issuer. Out of funds provided by the Company, there shall be paid (i) all of the Issuer’s reasonable actual out-of-pocket expenses and costs of issuance in connection with the Bonds, and (ii) on the date of delivery of the Bonds, an issuance fee to the Issuer in the amount of 1/20th of 1% of the face amount of the Bonds. The Company agrees to make administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the outstanding Bonds on January 1 of each year unless waived by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer agrees that it will notify the Company in writing prior to March 15 of each year thereafter whether it shall waive such administrative payments for such year. If these fees are not waived, such written notice shall advise the Company of the amount that is to be paid (not to exceed 1/10 of 1% per annum of the outstanding Bonds on January 1 of each year), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.
Payments to Issuer. The Company shall pay or cause to be paid all of the Issuer's reasonable, actual out-of-pocket expenses and costs in connection with the issuance of the Bonds, including, without limitation, all financing, legal, printing, and other expenses and all Costs of Issuance incurred in issuing the Bonds (including the fees and expenses of bond counsel and the Issuer's financial advisor) and the Issuer's fee of .75% of the principal amount of the Bonds for issuing the Bonds, less an application fee of $1,500. Also, in the future the Company shall pay to the Issuer upon receipt of statements therefor from time to time, such amounts as are necessary to pay or reimburse the Issuer for its reasonable and necessary expenses and costs attributable to the Bonds and the Project, including an annual audit/service fee.
Payments to Issuer. Out of funds provided by the Company, there shall be paid all of the Issuer's reasonable actual out- of-pocket expenses and Costs of Issuance in connection with the Bonds. Also the Company agrees to pay directly to the Issuer on the Issue Date an amount equal to 1/2 of 1% of the aggregate principal amount of the Bonds. In addition, while any of the Bonds are outstanding, the Company shall pay to the Issuer an amount sufficient to pay and reimburse the Issuer for any of its actual costs reasonably and necessarily incurred in connection with the Bonds and the Projects during the prior twelve month period within 60 days of receiving a written bill xx statement therefor.
Payments to Issuer. The Borrower shall be obligated to pay the Issuer the full amount of all Reimbursement Obligations, together with interest thereon, when due, as set forth hereinabove, irrespective of: (i) any lack of validity or enforceability of this Agreement or any of the other Credit Documents; (ii) the existence of any claim, set-off, defense or other right which the Borrower may have at any time against a beneficiary named in a Letter of Credit or any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), Wachovia, the Agent, any Lender or any other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated transactions; (iii) any draft, certificate or any other document presented under the Letter of Credit proves to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; (iv) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Credit Documents; (v) payment by the Issuer under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; (vi) payment by the Issuer under any Letter of Credit against presentation of any draft or certificate that does not comply with the terms of such Letter of Credit, except payment resulting from the gross negligence or willful misconduct of the Issuer; or (vii) any other circumstances or happenings whatsoever, whether or not similar to any of the foregoing, except circumstances or happenings resulting from the gross negligence or willful misconduct of the Issuer.
Payments to Issuer. Out of funds provided by the Company, there shall be paid (i) all of the Issuer's reasonable actual out-of-pocket expenses and costs of issuance in connection with the Bonds, and (ii) on the date of delivery of the Bonds, a financing acceptance fee in the amount of $10,000.00. Such payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees incurred by the Issuer in enforcing the provisions of this Agreement.
Payments to Issuer. On or prior to the date of this Agreement, the Closing Date Seller has directed Xxxxx Fargo Bank, National Association, in its capacity as Collateral Agent under the Credit Agreement, to release the Collateral Obligations set forth on Annex A hereto from the lien of the Collateral Agent for the benefit of the secured parties under the Credit Agreement and to release to the Issuer all payments and distributions in respect of such Collateral Obligations (including Income Collections thereon) received by the Collateral Agent and due to the Issuer pursuant to the terms of this Agreement. The Collateral Agent acknowledges and agrees that the Collateral Obligations listed on Annex A hereto have been released from the lien of the Collateral Agent for the benefit of the secured parties under the Credit Agreement, that all conditions precedent thereto have been satisfied, and that the Collateral Agent will release to the Issuer all payments and distributions in respect of such Collateral Obligations (including Income Collections thereon) received by the Collateral Agent and due to the Issuer pursuant to the terms of this Agreement
Payments to Issuer. It shall be a condition of making the ------------ ------------------ Loan to the Corporation that the Corporation pay the following amounts to the Issuer:
(a) An application fee of $1,000, payable on or before the Date of Issue of the Bonds;
(b) An administration fee equal to 1/10th of 1% of the principal amount of Bonds Outstanding, payable annually in arrears on each November 1 commencing November 1, 2000; and
(c) Within 10 days of a request from the Issuer therefor, reimbursement of expenses incurred by the Issuer under the Indenture, including but not limited to the fees of the Rating Agency and the Trustee, all stamp or other documentary taxes or duties to which the Indenture is subject, the costs of calculating rebate amounts, if any, and of enforcing the provisions of the Indenture or this Agreement. The Corporation acknowledges that it has the sole obligation to pay the fees and expenses of the Trustee, the Remarketing Agent and the Bank under the Indenture, the Remarketing Agreement and the Reimbursement Agreement, respectively.
Payments to Issuer. SECTION 6.7. Obligations of the Company Absolute and Unconditional.
Payments to Issuer. The Company shall pay or cause to be paid all of the Issuer's Administrative Expenses, including but not limited to; reasonable, actual out-of-pocket expenses and costs in connection with the issuance of the Bonds, including, without limitation, all financing, legal, printing, and other expenses and all Costs of Issuance incurred in issuing the Bonds (including the fees and expenses of bond counsel and the Issuer's financial advisor) and the Issuer's fee of .75% of the principal amount of the Bonds for issuing the Bonds, less an application fee of $2,000. Also, in the future the Company shall pay to the Issuer upon receipt of statements therefor from time to time, such amounts as are necessary to pay or reimburse the Issuer for its reasonable and necessary expenses and costs attributable to the Bonds and the Project, including, but not limited to, an annual audit/service fee of $350 and any costs reasonably and necessarily incurred by the Issuer in connection with requests related to the Bonds made by the Internal Revenue Service. Sums payable to the Issuer hereunder, if not paid within forty-five (45) days of demand, shall bear interest at the prime rate.
Payments to Issuer. The Company shall pay all of the Issuer's reasonable, actual out-of-pocket expenses and costs of issuance in connection with the Bonds, including, without limitation, all financing, legal, printing, and other expenses and costs of issuance incurred in issuing the Bonds. Also, in the future the Company shall pay to the Issuer, upon receipt of statements therefore from time to time, such amounts as are necessary to pay or reimburse the Issuer for its reasonable and necessary expenses and costs attributable to the Bonds and the Facilities.
