Governmental Lender Fee means the Governmental Lender’s issuance fee payable to the Governmental Lender on or before the Closing Date from amounts in the Closing Costs Fund or otherwise by the Borrower, and the Ongoing Governmental Lender Fee, all as set forth in Section 7(n) of the Regulatory Agreement.

Governmental Lender Fee means the ongoing fee of the Governmental Lender in connection with the making of the Project Loan equal to [______________].

Governmental Lender Fee means (i) the Governmental Lender’s issuance fee in the amount of .50% of the original principal amount of the Governmental Lender Notes, payable by the Fiscal Agent to the Governmental Lender on or before the Closing Date from amounts in the Closing Costs Fund, or otherwise by the Borrower, and (ii) the annual fee of the Governmental Lender equal to greatest of (x) $1,200 or (y) $12 per Project rental unit or (z) .03% of the principal balance of the Governmental Lender Notes outstanding. The annual fee shall be paid in advance, initially at closing for the two years ending , 2025, and thereafter on of each year until the Governmental Lender Notes are no longer outstanding (but not before 15 years after the commencement of the Qualified Project Period).

Examples of Governmental Lender Fee in a sentence

Notwithstanding anything herein to the contrary, the Fiscal Agent, on behalf of the Governmental Lender, shall prepare and submit a written invoice to the Borrower for payment of the Governmental Lender Fee not later than 30 days prior to the due date for payment of such the Governmental Lender Fee, and shall remit moneys received by the Borrower to the Governmental Lender for payment of such fee.
Written notice of any insufficiency, which results in the Governmental Lender not receiving the Governmental Lender Fee on the applicable due date, shall be provided by the Fiscal Agent to the Governmental Lender (with a copy to the Borrower and the Funding Lender) within 10 days of the respective due date.

More Definitions of Governmental Lender Fee

Governmental Lender Fee means (i) the Governmental Lender’s initial fee payable in accordance with the Governmental Lender’s current fee schedule and (ii) the Ongoing Governmental Lender Fee.

Governmental Lender Fee. The administrative fee of the Governmental Lender payable on the Closing Date and on each July 1 thereafter, commencing July 1, 2017, in an amount equal to 0.125% of the aggregate principal amount of the maximum original principal amount of the Borrower Loan throughout the term of the Regulatory Agreement; provided, that the pro rata payment of 0.125% for the period through June 30, 2017 shall also be made on the Closing Date.

Governmental Lender Fee means the financing fee in the amount of one-eighth of one percent (0.125%) of the principal amount of the Governmental Notes to be paid on or before the Delivery Date.

Governmental Lender Fee means the ongoing fee of the Governmental Lender in connection with the making of the Project Loan as described in Section 7(n) of the Tax Regulatory Agreement.

Governmental Lender Fee means (i) $ payable on the Closing Date.

Governmental Lender Fee means the Governmental Lender’s issuance fee in the amount of 0.5% of the original principal amount of the Governmental Lender Notes, payable by the Fiscal Agent to the Governmental Lender on or before the Closing Date from amounts in the Closing Costs Fund, or otherwise by the Borrower, and the annual fee of the Governmental Lender in the amount of .10% per annum of the aggregate principal amount of the Funding Loan Outstanding at the inception of each payment period, payable by the Borrower and remitted by the Fiscal Agent to the Governmental Lender annually in arrears on each September 1; provided that the first payment collected by the Fiscal Agent shall be made on September 1, 2020.

Governmental Lender Fee means the ongoing fee of the Governmental Lender in connection with the making of the Project Loan due annually on each anniversary of the Closing Date, an amount equal to the greater of: (i) 0.125% of the average outstanding principal amount of the Governmental Note over the immediately preceding 365 or 366 days (as applicable), or (ii) $2,500.00.