Governmental Lender Annual Fee definition

Governmental Lender Annual Fee means: for the period from the Closing Date to but not including January 1, 2021, $ (which is an amount equal to one 1/8 of 1% of the principal amount of the Governmental Note as of the Closing Date); and, thereafter, on each January 1 during the remainder of the Compliance Period commencing January 1, 2021, the greater of an amount equal to 1/8 of 1% of the then outstanding principal amount of the Governmental Note, or $5,000.00.

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Governmental Lender Annual Fee means, for the period from the Closing Date to but not including September 1, 2017, an amount equal to one-eighth of one percent (1/8%) of the maximum principal amount of the Funding Loan; and, thereafter, on each September 1 during the remainder of the Compliance Period, commencing September 1, 2017, an amount equal to the greater of (a) one-eighth of one percent of the then outstanding principal amount of the Funding Loan, or (b) $5,000.

Governmental Lender Annual Fee means the greater of (i) 0.125% of the then currentlyoutstanding principal amount of the Governmental Lender Note or (ii) $2,500. For purposes of this definition, the fullIssuance Fee” means an amount equal to $ [ ], (0.30% of

Examples of Governmental Lender Annual Fee in a sentence

• If the Borrower fails to make payment of the Governmental Lender Annual Fee for a period of two consecutive years or more, the Governmental Lender may, in its sole discretion, declare the total amount of the Governmental Lender Annual Fee through the end of the Compliance Period immediately due and payable, such amount to be discounted at a rate equal to the then current market rate for U.S. Treasury obligations of a maturity equal to the remaining term of the Compliance Period.

• The full Governmental Lender Annual Fee shall continue to be payable unless and until the Governmental Lender has confirmed receipt of all amounts then due and payable in arrears by the Borrower to the Governmental Lender in connection with the Borrower Loan, at which point the Governmental Lender Annual Fee shall become effective.

• As provided in Section 7(d) of the Regulatory Agreement, the Governmental Lender Issuance Fee and the initial Governmental Lender Annual Fee shall be paid to the Governmental Lender by the Borrower on the Closing Date.

• Notwithstanding the foregoing, the Governmental Lender shall not be required to submit a ▇▇▇▇ to the Borrower for payment of the Governmental Lender Issuance Fee, the Governmental Lender Annual Fee or any amounts due with respect to arbitrage rebate under Section 148 of the Code, the calculation and payment for which is the responsibility of the Borrower.

• The full Governmental Lender Annual Fee shall continue to be payable unless and until the Governmental Lender has confirmed receipt of all amounts then due and payable in arrears by the Borrower to the Governmental Lender in connection with the Project Loan, at which point the Governmental Lender Annual Fee shall become effective.

• The Servicer shall be entitled to retain its Servicing Fee (if any) collected from the Borrower and shall remit the Governmental Lender Annual Fee to the Governmental Lender and shall remit the Ordinary Fiscal Agent’s Fees and Expenses to the Fiscal Agent, together with any other amounts due to the Governmental Lender and the Fiscal Agent collected by the Servicer from the Borrower, in each case in accordance with their respective instructions.

• Thereafter, the Governmental Lender Annual Fee shall be due and payable by the Borrower in advance on November 1 of each year commencing with the first such date following the Closing Date.

• The offeror further certifies that the contractor and any subcontractors will maintain these insurance coverages during the entire term of the contract and that all insurance coverages will be provided by insurance companies authorized to sell insurance in Virginia by the Virginia State Corporation Commission.

• Notwithstanding the foregoing, only one Governmental Lender Issuance Fee, and annually only one Governmental Lender Annual Fee, shall be payable under this Regulatory Agreement and the Other Regulatory Agreement.

More Definitions of Governmental Lender Annual Fee

Governmental Lender Annual Fee means (i) $ on the Note closing date, and (ii) the annual amount payable January 1 of each year beginning January 1, 2019 to the Issuer for its ordinary monitoring fees and expenses under the Indenture in an amount equal to the greatest of

Governmental Lender Annual Fee means: for the period from the Closing Date to but not including September 1, 2021, $ ; and, thereafter, on each September 1 during the remainder of the Compliance Period commencing September 1, 2022, $ .

Governmental Lender Annual Fee has the meaning given such term in the Regulatory Agreement.

Governmental Lender Annual Fee shall have the meaning given to the term “Annual City Fee” in the Regulatory Agreement.