Administrative Expense Surcharge definition

Administrative Expense Surcharge means a surcharge on the Loan charged by the DNRC to the City equal to 0.75% per annum on the outstanding principal amount of the Loan, payable by the City on the same dates that payments of interest on the Loan are due.

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Administrative Expense Surcharge means a surcharge on the Loan charged by the District to the Borrower at the rate set forth in Section 5.1, payable by the Borrower on the same dates that payments of interest on the Loan are due.

Administrative Expense Surcharge means a surcharge equal to seventy-five hundredths of one percent (0.75%) per annum on the outstanding principal amount of the 2013 Loans from the date of each advance thereof, payable by the Borrower on a Payment Date.

Examples of Administrative Expense Surcharge in a sentence

• In addition, the Borrower shall pay an Administrative Expense Surcharge on the outstanding principal amount of this Borrower Bond at a rate of .50% per annum.

• If the District consents to a prepayment, such prepayment must be accompanied by payment of accrued interest and Administrative Expense Surcharge to the date of prepayment on the amount of principal prepaid.

• The payments of principal, interest and the Administrative Expense Surcharge with respect to the Loan shall be due on the dates and in the amounts shown in Schedule B to the Borrower Bond, as such Schedule B shall be modified from time to time as provided below.

• The portion of each such Loan Payment consisting of principal and the portion consisting of interest and the amount of Administrative Expense Surcharge shall be set forth in Schedule B to the Borrower Bond.

• If the advance was made to pay costs of the Project pursuant to Section 4.1 (a) or to reimburse the Borrower pursuant to Section 4.1 (c) for costs of a Project not yet completed (a “Construction Advance”), interest and Administrative Expense Surcharge on such advance shall accrue from the date the advance is made.

More Definitions of Administrative Expense Surcharge

Administrative Expense Surcharge means, upon the delivery of an ARRA Noncompliance Statement as provided by this Supplemental Resolution, a surcharge equal to seventy-five hundredths of one percent (0.75%) per annum on the outstanding principal amount of the 2009 Loans from the date of each advance thereof, payable by the Borrower on a Payment Date.

Administrative Expense Surcharge means in respect of a Loan, upon the delivery of a Noncompliance Statement as provided by this Amended and Restated Resolution, a surcharge equal to twenty-five hundredths of one percent (0.25%) per annum on the outstanding principal amount of the Loan from the date of each advance thereof, payable by the Borrower on a Payment Date.

Administrative Expense Surcharge means a surcharge on the 2014 Loan charged by the DNRC to the Borrower equal to twenty-five hundredths of one percent (0.25%) per annum on the outstanding principal amount of the 2014 Loan, payable by the Borrower on the same dates that payments of interest on the 2014 Loan are due.

Administrative Expense Surcharge means in respect of the 2019 Loan, a surcharge equal to twenty-five hundredths of one percent (0.25%) per annum on the outstanding principal amount of the 2019 Loan from the date of each advance thereof, payable by the Borrower on a Payment Date.

Administrative Expense Surcharge means, with respect to the Series 2023 Bond, the surcharge by that name charged by the DNRC to the Borrower, at the rate per annum set forth in the Series 2023 Bond and payable by the Borrower on the same dates that payments of interest on the Series 2023 Bond are due.

Administrative Expense Surcharge means a surcharge equal to twenty-five hundredths of one percent (0.25%) per annum on the outstanding principal amount of the 2023 Loan payable on the same dates that payments of interest on the 2023 Loan are due.

Administrative Expense Surcharge means, with respect to the Series 2022 Bond, a surcharge by that name charged by the DNRC to the Borrower at a rate of twenty-five hundredths of one percent (0.25%) per annum on the outstanding principal amount of the 2022 Loan from the date of each advance thereof, payable by the Borrower on each Payment Date.