Fixed Facility Fee definition
Fixed Facility Fee means the applicable fixed facility fee shown on the Summary of Credit Facility Structure as adjusted, if applicable, as set forth in Section 15.03 of this Agreement.
Fixed Facility Fee means the fee described in Paragraph 2 of Exhibit “E” hereto.
Fixed Facility Fee means for any Fixed Advance drawn or converted from a Variable Advance, the number of basis points determined by Lender as the Fixed Facility Fee at the time of draw or conversion of such Fixed Advance.
Examples of Fixed Facility Fee in a sentence
The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.
Each Fixed Facility Advance shall bear interest at a rate, per annum, equal to the sum of (i) the MBS Pass-Through Rate determined for such Fixed Facility Advance and (ii) the Fixed Facility Fee.
The MBS Pass-Through Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note.
In addition to paying the partial month interest, if any, Borrower shall pay monthly installments of the MBS Pass-Through Rate and the Fixed Facility Fee to Lender for each Fixed Advance from the applicable MBS Issue Date to its maturity date.
The Cash Interest Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note.
More Definitions of Fixed Facility Fee
Fixed Facility Fee means [*] on the Initial Closing Date and for any Fixed Loan with a MBS execution resulting from a conversion or for any Supplemental Loan with a MBS execution, the number of basis points determined at the time of such MBS execution by Lender as the Fixed Facility Fee for such Fixed Loan or such Supplemental Loan.
Fixed Facility Fee means the fixed fee payable by Buyer to Seller as provided in Section 8.2.
Fixed Facility Fee means (i) 50 basis points per annum (0.50%) for a Fixed Advance drawn from the Fixed Facility Commitment or converted from the Variable Facility Commitment in effect on or prior to the First Anniversary (whether or not drawn by such date) or for any Fixed Advance drawn from the Reserved Amount, and (ii) (a) for any Fixed Advance drawn from any portion of the Fixed Facility Commitment (excluding the Reserved Amount increased pursuant to Article 4, after the period ending on the First Anniversary, or (b) for any Fixed Advance that maturity extends beyond the Variable Facility Termination Date, the number of basis points determined at the time of such increase or conversion by Lender as the Fixed Facility Fee for such Fixed Advances.
Fixed Facility Fee has the meaning given in Appendix A.
Fixed Facility Fee means for any Fixed Advance, the number of basis points mutually agreed to by Borrower and Lender at the time as the Fixed Facility Fee for such Fixed Advance (which shall be no more than the amount then being charged by Lender to other borrowers on credit facilities having similar characteristics regarding leverage, recourse and other material terms as determined by Lender), provided that for any Fixed Advance converted from a Variable Advance within five (5) years of the Closing Date of such original Variable Advance, the Fixed Facility Fee shall be the same as the original Variable Facility Fee for such Advance.
Fixed Facility Fee means 35 basis points per annum (0.35%) for a Fixed Advance drawn from the Fixed Facility Commitment or converted from the Variable Facility Commitment in effect on or prior to the First Anniversary (whether or not drawn by such date) or for any Fixed Advance drawn from the Reserved Amount, and (ii) for any Fixed Advance drawn from any portion of the Fixed Facility Commitment (excluding the Reserved Amount) increased pursuant to Article 4 after the period ending on the First Anniversary, the number of basis points determined at the time of such increase or conversion by Lender as the Fixed Facility Fee for such Fixed Advances, and In the event the Unused Capacity Fee is being paid, there shall be no change in the Fixed Facility Fee with respect to the portion of the Commitment on which the Unused Capacity Fee is being paid.
Fixed Facility Fee means (i) 48 basis points for a Fixed Advance drawn from the Fixed Facility Commitment in effect during the period ending on the First Anniversary (whenever such Fixed Advance is made) and (ii) for any Fixed Advance drawn from any portion of the Fixed Facility Commitment (excluding the Reserved Amount), increased under Article 4 or converted under Section 1.08 from any portion of the Variable Commitment after the period ending on the First Anniversary, the number of basis points determined at the time of such increase by Lender as the Fixed Facility Fee for such Fixed Advances (which shall be based on the amount then being charged by Lender to other borrowers of comparable financial condition as Borrower (taking into account the financial condition of Sun to the extent and in a similar manner as the financial condition of Sun was taken into account in the original underwriting of the Credit Facility) on credit facilities secured by manufactured housing properties having similar characteristics regarding leverage, geographic diversity, recourse and other material terms as reasonably determined by Lender). In the event the Rate Preservation Fee is being paid, there shall be no change in the Fixed Facility Fee with respect to the portion of the Fixed Facility Commitment on which the Rate Preservation Fee is being paid.