Credit Support Fee definition

Credit Support Fee means, for any Quarter, a reasonable fee for the provision of Net Credit Support during such Quarter in an amount determined in good faith by XXXX in its sole discretion but that shall not exceed the product of (a) the borrowing costs paid by the members of the Manager Group to provide Net Credit Support in the form of letters of credit during such Quarter under their credit facilities, expressed as a percentage of the face amount of such letters of credit, multiplied by (b) the aggregate amount of Net Credit Support outstanding during such Quarter, in each case (i) as calculated by XXXX in its sole discretion (whose calculation shall be conclusive absent manifest error) based on the weighted average amount of Net Credit Support outstanding during such Quarter, and (ii) subject to any changes to the Credit Support Fee for Net Credit Support that satisfies New Credit Support Obligations as agreed by XXXX and NEE Operating LP in accordance with Section 2.1.3. For illustrative purposes only, for the Quarter ended June 30, 2014, the percentage described in clause (a) of this definition is thirty-nine hundredths of one percent (0.39%), which percentage, for the avoidance of doubt, shall be adjusted in accordance with changes to the borrowing costs described in clause (a);
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Credit Support Fee has the meaning set forth in Section 2.7(a).
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Credit Support Fee has the meaning set forth in Section 4.4 of this Settlement Agreement.
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Examples of Credit Support Fee in a sentence

  • The Credit Support Fee is equal to 6% annually on the aggregate of the outstanding principal amount and interest payable under the BMO Loan and is payable quarterly in arrears in cash or, at the option of the Issuer (with the consent of its Special Committee), in shares of the Issuer’s Series B Convertible Preferred Stock (“Series B Preferred”).

  • As soon as practicable following delivery of the computation of the Credit Support Fee for any Quarter, but in no event later than the fifteenth (15th) day following receipt of such computation, NEE Operating LP shall remit the corresponding payment for the corresponding Quarter to XXXX.

  • NEE Operating LP, on behalf of the NEP Group, hereby agrees to pay, during the term of this Agreement, the Credit Support Fee.

  • In accordance with the Credit Support Agreement, the Issuer paid the portion of the Credit Support Fee due and owing for the second quarter of 2010 by issuing 8,896 shares of Series B Preferred to the Credit Support Parties (8,367 shares of which were issued to Sector Performance Fund and 529 shares of which were issued to SPF).

  • XXXX will compute the Credit Support Fee for each Quarter as soon as practicable following the end of the Quarter with respect to which such payment is due, but in any event no later than the thirtieth (30th) day of the immediately succeeding Quarter.

  • With respect to any outstanding Credit Support Amount, Party B shall pay to Party A a Credit Support Fee.

  • For the avoidance of doubt, the provision of the Credit Support discussed in the preceding sentence will incur the Credit Support Fee.

  • In accordance with the Credit Support Agreement, the Issuer paid the portion of the Credit Support Fee due and owing for the first quarter of 2010 by issuing 6,336 shares of Series B Preferred to the Credit Support Parties (5,959 shares of which were issued to Sector Performance Fund and 377 shares of which were issued to SPF).

  • The Credit Support Fee will not be reduced by the amount of (a) any fees for Operational and Other Services that are paid or payable by any member of the NEP Group to any member of the Manager Group; (b) any Expenses or any Support Expenses; (c) any Transaction Fees; or (d) any Reimbursement Amount or return of Reserved Cash.

  • The applicable Credit Support Fee shall be paid as described on Schedule 2 attached hereto.


More Definitions of Credit Support Fee

Credit Support Fee has the meaning set forth in the Loan Summary.
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Credit Support Fee means, for any day, an amount calculated as follows:
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Credit Support Fee means (i) with respect to the period beginning on the Closing Date and ending on the date that is twelve (12) months following the Closing Date (the “First Credit Support Period”), an amount equal to 2% of the weighted average of the guaranteed amounts under the Seller Credit Support outstanding during the First Credit Support Period; (ii) with respect to the period beginning on the date that is twelve (12) months following the Closing Date and ending on the date that is eighteen (18) months following the Closing Date (the “Second Credit Support Period”), an amount equal to 4% of the weighted average of the guaranteed amounts under the Seller Credit Support outstanding during the Second Credit Support Period; and (iii) with respect to the period beginning on the date that is eighteen (18) months following from the Closing Date and ending on the date that is twenty-four (24) months following the Closing Date (the “Third Credit Support Period” and, together with the First Credit Support Period and the Second Credit Support Period, the “Credit Support Periods”), an amount equal to 6% of the weighted average of the guaranteed amounts under the Seller Credit Support outstanding during the Third Credit Support Period.
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Related to Credit Support Fee

  • Credit Support Instrument" "Credit Support Provider"

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • QFC Credit Support has the meaning specified in Section 11.21.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Posted Credit Support means Posted Collateral and Other Posted Support.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Support Fees means the fees, if any, payable by the State for Maintenance and Support Services as set forth in the Maintenance and Support Schedule.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Credit Support Document means any agreement or instrument that is specified as such in this Agreement.

  • Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Unpaid Amount has the meaning specified in Section 7.05.