Late Fee Rate definition

Late Fee Rate means, in respect of any Repurchase Price amount of any Transaction or any other amount under this Agreement, that is not paid when due to Buyer (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum during the period from and including the due date to but excluding the date on which such amount is paid in full equal to 4% per annum plus the Base Rate.
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Late Fee Rate has the meaning assigned in the Confirmation.
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Examples of Late Fee Rate in a sentence

  • Buyer shall determine any Pricing Rate or Late Fee Rate payable with respect to Transactions hereunder, and such determination shall be conclusive and binding, absent manifest error.

  • Notwithstanding the foregoing, Seller hereby promises to pay to Buyer, to the extent permitted by applicable law, a late fee (the “Late Fee”) at the applicable Late Fee Rate with respect to any Repurchase Price Amount and to any other amount payable by Seller hereunder that shall not be paid in full when due for the period from and including the due date thereof to but excluding the date the same is paid in full.

  • Members were apprised of the attendant risks to the existing inter- agency structures and the on-going efforts to improve the communication and information sharing processes between the Garda Síochána and these partners.

  • If Seller fails to perform or comply with any of its agreements contained in the Transaction Documents and Buyer may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of Buyer incurred in connection with such performance or compliance, together with Late Fees thereon at a rate per annum equal to the Late Fee Rate, shall be payable by Seller to Buyer on demand and shall constitute Repurchase Obligations.

  • The late fee will be calculated daily based on the outstanding Loaned Assets based on the Late Fee Rate (quoted in the Confirmation on an annualized rate).

  • Conference registration deadlines apply.Prior to September 23, 2013$1000 (Early Bird Rate) September 23 - October 17, 2013$1000 + $75 (Regular Rate) October 18 - October 24, 2013$1000 + $125 (Late Fee Rate) Includes one complimentary conference registration and oneexhibitor pass.

  • If a Seller fails to perform or comply with any of its agreements contained in the Transaction Documents and Buyer may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of Buyer incurred in connection with such performance or compliance, together with Late Fees thereon at a rate per annum equal to the Late Fee Rate, shall be payable by the relevant Seller to Buyer on demand and shall constitute Repurchase Obligations.

Related to Late Fee Rate

  • Applicable Fee Rate means, at any time, the percentage rate per annum at which Commitment Fees are accruing on the unused portion of the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Unused Fee Rate means 0.50% per annum.

  • Expense Fee Rate As to each Mortgage Loan, a per annum rate equal to the sum of the Servicing Fee Rate and the Trustee Fee Rate.

  • Program Fee Rate is defined in the Fee Letter.

  • Workout Fee Rate With respect to each Corrected Mortgage Loan, 1.00%.

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Insurance Fee Rate With respect to each Mortgage Loan insured by an Insurance Policy paid for by the lender, the per annum rate specified in the Mortgage Loan Schedule.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Liquidation Fee Rate With respect to each Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable, 1.0%.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Servicing Fee Rate With respect to each Mortgage Loan, 0.50% per annum.

  • Administrative Fee Rate The sum of the Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Licensing Fee Rate.

  • Subservicing Fee Rate The per annum rate designated on the Mortgage Loan Schedule as the "SUBSERV FEE".

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Trustee Fee Rate 0.0025% per annum.

  • Net Servicing Fee Rate means (a) so long as the Seller or The Bank of New York is the Servicer, 1.25% per annum and (b) if the Seller or The Bank of New York is no longer the Servicer, 2.0% per annum.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).