Guaranty Fees definition

Guaranty Fees means, collectively, all of the fees payable to ▇▇▇▇ for the guarantee of a Loan as described in each of the Guaranty Agreements.

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Guaranty Fees shall have the meaning specified in Section 7.28 hereof.

Guaranty Fees shall have the meaning specified in Section 7.30 hereof.

Examples of Guaranty Fees in a sentence

• All Letter of Credit Guaranty Fees shall be due and payable monthly on the first day of each month.

• With respect to all other changes, the parties shall exchange requests for modification of the Program Guidelines, including without limitation any requested changes to the provisions of the Program Guidelines concerning the Guaranty Fees, in the first part of the first calendar quarter of each year.

• All of the foregoing property in which the Owner has been granted a security interest is herein collectively referred to as “Collateral.” It is expressly understood and agreed that this security interest and assignment shall automatically attach to any and all future deposits to, earnings from, and proceeds of the Pledged Account immediately upon deposit or accrual, and all Guaranty Fees and Recoveries immediately upon the receipt thereof, without the making or doing of any further act or thing whatsoever.

• In order that services to the Trusts will be provided, fees and expenses payable under the Trust Documents for a Trust (including Servicing Fees and ancillary charges, LPMI Charges, Excess Spread, Trust Administration Fees and Guaranty Fees) are payable prior to any distribution to Holders.

• It is expressly understood and agreed that this security interest and assignment shall automatically attach to any and all future deposits to, earnings from, and proceeds of the Pledged Account immediately upon deposit or accrual, and all Guaranty Fees and Recoveries immediately upon the receipt thereof, without the making or doing of any further act or thing whatsoever.

• In the event that FMC fails to purchase any Loan under the Note Purchase Agreement, and the LENDER sells such Loan to a third party, the Guaranty Fees due with respect to such loan at the time of a Securitization Transaction will instead be paid by the LENDER at the time the loan is sold to the third party.

• If the terms of Schedule 3.3 call for any Guaranty Fees to be paid concurrent with the Securitization Transaction, the LENDER shall pay such fees directly (and be reimbursed in the Securitization Transaction to the extent provided in the Note Purchase Agreement).

• Lender Guaranty Fees shall be payable monthly in arrears on the first day of the month following the date of issuance of any such Lender Guaranty and the first day of each month thereafter during which such Lender Guaranty shall remain outstanding and on the Termination Date.

• Upon the execution of this Agreement, the Owner shall establish with the Trustee an account (the “Pledged Account”), which Pledged Account shall be pledged by the Owner to the Trustee pursuant to the Indenture, for the purpose of depositing upon receipt portions of the Guaranty Fees, Recoveries and earnings as provided in this Section 2.

• Upon the execution of this Agreement, the Owner shall establish with the Trustee pursuant to the Indenture an account (the “Pledged Account”) for the purpose of depositing upon receipt portions of the Guaranty Fees, Recoveries and earnings as provided in this Section 2.

More Definitions of Guaranty Fees

Guaranty Fees means, collectively, all of the fees payable to ▇▇▇▇ for the guarantee of a Loan as described in each of the Guaranty Agreements. (i) "Indenture" means the Indenture dated as of October 1, 2004, by and between the Owner and the Trustee, as may be amended or supplemented from time to time. (j) "Intangibles" shall have the meaning set forth in Section 5(a)(ii). (k) "Recoveries" shall mean and include: (i) any and all cash, checks, drafts, orders and all other instruments for the payment of money received by ▇▇▇▇ from or on behalf of Borrowers in payment of principal of, interest on, late fees with respect to, and costs of collecting defaulted Loans with respect to which ▇▇▇▇ has paid, in full, Guaranty Claims, from funds in the Pledged Account, and the proceeds of all of the foregoing, (ii) any amount received by ▇▇▇▇ upon the sale or other transfer of defaulted Loans with respect to which ▇▇▇▇ has paid, in full, Guaranty Claims (including the sale of such Loans to the Owner as provided in each of the Guaranty Agreements or the sale of the right to collect such Loans or other similar rights with respect thereto), and (iii) in connection with any pledge or assignment of defaulted Loans (or rights with respect thereto) to secure a loan to ▇▇▇▇, the amount of such loan. In all cases, "Recoveries" shall be computed net of TERI's Costs of Collection. TERI's "Costs of Collection" for purposes of this Agreement shall mean all fees and expenses paid to third party collectors and attorneys, and, to cover TERI's internal costs, an amount equal to two and one-half percent (2.5%) of the amount recovered (excluding amounts recovered upon the sale of loans to the Owner as provided in each of the Guaranty Agreements). (l) "Secured Obligations" shall have the meaning set forth in Section 6. (m) "▇▇▇▇ Guarantee Fee Entitlement" means a portion of Guaranty Fees equal to 1.75% of the principal amount of a Loan, payable in accordance with each of the Guaranty Agreements.

Guaranty Fees in the Deposit and Security Agreement includes all Guaranty Fees paid to ▇▇▇▇ under the Guaranty Agreement with respect to CEDU prepGATE Loans, as set forth in this Amendment.

Guaranty Fees shall have the meaning provided in the Guaranty pursuant to which a Loan was extended.