Credit Fees means the credit fees payable as provided in Section 2.11.
Credit Fees. We may charge credit fees as specified in the Specific Terms. All such credit fees shall be payable on demand.
Credit Fees means fees or charges payable by the debtor under the credit contract, or payable by the debtor to, or for the benefit of the creditor in connection with the credit contract, other than interest charges, charges for optional services, default fees or default interest charges and government charges, duties, taxes or levies. Establishment fees, prepayment fees and insurance premiums payable for credit-related insurance in some cases are credit fees. In determining whether an establishment fee is unreasonable the court must have regard to whether the fee is equal to or less than the reasonable costs of the creditor in connection with the application for credit, processing and considering the application, documenting the contract and advancing the credit, or whether those costs are equal to or less than the average costs for that category of credit contract. Prepayment fees will only be unreasonable where they exceed a reasonable estimate of the creditor's loss from the part or full prepayment of the contract. A formula for calculating reasonable credit fees on full prepayment is prescribed by regulations. Creditors can use the prescribed formula or may use another appropriate formula set out in the relevant consumer credit contract. Where the creditor uses the prescribed formula to calculate the fee on full prepayment, the fee will be treated by a court as a reasonable estimate of the creditor's loss. In determining whether other fees payable under Existing Contracts are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs incurred by the creditor and to the reasonable standards of commercial practice. For 2015 Contracts, in determining whether other fees are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for any costs incurred by the creditor. In determining whether the fee reasonably compensates the creditor for any costs, the court must have regard to reasonable standards of commercial practice. In relation to 2015 Contracts, every lender must comply with the "lender responsibility principles". The lender responsibility principles set out lenders' responsibilities to borrowers and guarantors and generally require lenders to exercise the care, diligence and skill of a responsible lender when advertising, before agreeing to provide credit or taking guarantees, and in all subsequent dealings with borrowers and guarantors. The lender responsibility principles ...
Examples of Credit Fees in a sentence
Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.
Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.
Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.
Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.
Notwithstanding anything to the contrary contained herein, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.
More Definitions of Credit Fees
Credit Fees. “Credit Limit”, “Daily Interest rate”, “Default Fees”, “Electronic”, “Electronic Communication”, “Full Prepayment”, “Part Prepayment”, “Unpaid Balance”, “Unpaid Daily Balance”, and “Working Day”;
Credit Fees means the First Credit Fee and the Second Credit Fee.
Credit Fees means fees or charges payable by the debtor under the credit contract, or payable by the debtor to, or for the benefit of the creditor in connection with the credit contract. It includes establishment fees, prepayment fees and insurance premiums payable for credit-related insurance in some cases. It does not include interest charges, charges for optional services, default fees or default interest charges and government charges, duties, taxes or levies. In determining whether an establishment fee is unreasonable the court must have regard to whether the fee is equal to or less than the reasonable costs of the creditor in connection with the application for credit, processing and considering the application, documenting the contract and advancing the credit or whether those costs are equal to or less than the average costs for that category of credit contract. Prepayment fees will only be unreasonable where they exceed a reasonable estimate of the creditor's loss from the part or full prepayment of the contract. A formula for calculating reasonable credit fees on full prepayment is prescribed by regulations. Creditors can use the prescribed formula or may use another appropriate formula set out in the relevant consumer credit contract. Where the creditor uses the prescribed formula to calculate the fee on full prepayment, the fee will be treated by a court as a reasonable estimate of the creditor's loss. In determining whether other fees payable under Existing Contracts are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs and losses incurred by the creditor and to the reasonable standards of commercial practice. For New Contracts, in determining whether other fees are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs (and, in the case of default fees only, losses) incurred by the creditor. In determining whether the fee reasonably compensates the creditor for costs (and, in the case of default fees only, losses) the court must have regard to reasonable standards of commercial practice. In relation to New Contracts (and, in limited circumstances where there are variations or the customer is suffering unforeseen hardship, in relation to Existing Contracts), every lender must comply with the "lender responsibility principles". The lender responsibility principles set out lenders' responsibilities to borrowers and guarantors and generally require lend...
Credit Fees means the fees and charges in the Loan Documents relating to (a) the timely payment of principal or interest on the Loan (including, without limitation, late fees and prepayment penalties), and (b) the use or non use of a Commitment during the stated term thereof.
Credit Fees. Tranche A – 3.00% per annum on the undrawn face amount of each Letter of Credit; Tranche B -- 4.50% per annum on the undrawn face amount of each Letter of Credit, plus, in each case, customary fees for fronting, issuance, amendments and processing.
Credit Fees means three-fourths of one percent (3/4%) per annum on the face amount of each Credit; provided, however, that the minimum fee per Credit shall not be less than $500.00; provided, further, that all Credit Fees shall be due and payable at the time of the issuance of each Credit and shall be fully earned and non-refundable when paid.
Credit Fees means fees or charges payable by the debtor under 20 a credit contract, or payable by the debtor to, or for the benefitof, the creditor in connection with a credit contract (including any insurance premiums payable if the creditor requires the debtor to obtain insurance cover from a particular insurer),and— 25