Authority Annual Fee definition

Authority Annual Fee. An amount equal to 1/10 of one percent of the outstanding principal amount of the Series A Bonds payable to the Authority 1/12 of such amount monthly, on the 15th day of each month, from the General Account of the Administration Fund, commencing January 15, 2019 and ending with the end of the term of this Regulatory Agreement. In addition, the Borrower agrees to reimburse the Authority up to $3,000 per year for costs, if any, incurred by the Authority for any audit report relating to the Bonds, such amount to be paid from amounts in the General Account of the Administration Fund promptly upon receipt by the Borrower and the Trustee of an invoice detailing the costs incurred by the Authority.

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Authority Annual Fee shall have the meaning set forth in the Regulatory Agreement. “Coverage Requirement Certificate” means the certificate filed by the Borrower as required by Section 6.16 hereof.

Authority Annual Fee shall have the meaning set forth in the Regulatory Agreement. “Authorized Denominations” shall mean, with respect to the Bonds, $5,000 or any integral multiple thereof.

Examples of Authority Annual Fee in a sentence

The Borrower will pay to the Authority the Authority Annual Fee, including the portion thereof billed currently by the Authority to the Borrower for the Authority’s audit fees and expenses, which shall be paid by the Borrower promptly upon receipt of such invoice and to the Oversight Agent, the Oversight Agent’s Fee, each when due.
The Borrower agrees to pay the Authority Annual Fee to the Authority pursuant to the terms of the Regulatory Agreement.
Moneys deposited in the General Account of the Administration Fund shall be applied by the Trustee to the payment of the (i) Oversight Agent Fee which is payable in quarterly installments on each January 15, April 15, July 15 and October 15 beginning 15, 20 and (ii) the Authority Annual Fee which is payable on each 15, beginning 15, 20 .
Moneys deposited in the General Account of the Administration Fund shall be applied by the Trustee to the Authority Annual Fee (payable on a monthly basis to the Authority) and the Administration Fee and, from time to time as directed by a certificate of a Borrower Representative, with a copy to the Authority, to the payment of ordinary fees and expenses of Fiduciaries, including expenses of purchase or redemption of Bonds.
The Trustee shall transfer the Additional Payments constituting the Authority Annual Fee to or at the direction of the Authority when due, to the extent of amounts received from the Corporation therefor.

More Definitions of Authority Annual Fee

Authority Annual Fee shall have the meaning set forth in the Regulatory Agreement.

Authority Annual Fee means an amount equal to 1/10 of one percent of the outstanding principal amount of the Bonds payable to the Authority 1/12 of such amount monthly, on the 15th day of each month, from the General Account of the Administration Fund, commencing [October 15, 2016] and ending with the end of the term of the Regulatory Agreement. In addition, the Borrower agrees to reimburse the Authority up to $3,000 per year for costs, if any, incurred by the Authority for any audit report relating to the Bonds, such amount to be paid from amounts in the General Account of the Administration Fund promptly upon receipt by the Borrower and the Trustee of an invoice detailing the costs incurred by the Authority.

Authority Annual Fee means the greater of (i) of 0.035% of the aggregate principal amount of Bonds Outstanding on the date of calculation, or (ii) $1,450. The Authority Annual Fee is due on the Installment Payment Date preceding each Principal Payment Date, beginning with the Installment Payment Date preceding the April 1, 2025 Principal Payment Date.

Authority Annual Fee. An amount equal to 1/10 of one percent of the outstanding principal amount of the Bonds payable to the Authority 1/12 of such amount monthly, on the 15th day of each month, from the General Account of the Administration Fund or as otherwise provided in Section 5.7 of the Indenture, commencing 15, 2014 plus an annual amount to pay the costs of the Authority audit report with respect to the Bonds, which is expected to be approximately $3,000 per year, such amount to be billed by the Authority to the Borrower and to be paid by the Borrower promptly upon receipt of such invoice and ending with the end of the term of this Regulatory Agreement.

Authority Annual Fee shall have the meaning set forth in the Regulatory Agreement. “City Law” shall have the meaning set forth in the Regulatory Agreement.

Authority Annual Fee means $ , payable in accordance with Section 3.04 herein. “Authority Documents” means this Master Loan Agreement, the Assignment Agreement and the Tax Agreement.

Authority Annual Fee means the greater of (i) 1.5 basis points (0.015%) times the principal amount of the Bonds outstanding on the issuance date (for the initial Authority Annual Fee) or on the first day of the month in which the anniversary of the issuance date occurs (for each subsequent Authority Annual Fee), or (ii) $500.