Loan Maintenance Fee definition

Loan Maintenance Fee. Is defined in Section 1-9(b).
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Loan Maintenance Fee means the fee, in the amount of $50 per Unit subscribed for, payable to the Lender on February 1 in each year that such Unit Loan is outstanding, beginning in 2022, in respect of the preceding calendar year, by each Subscriber who qualifies for and obtains the initial advance of the Unit Loan;
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Loan Maintenance Fee. Is defined in Section 1.9(b).
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Examples of Loan Maintenance Fee in a sentence

  • Loan Maintenance Fee A loan maintenance fee of [Annualised Maintenance Fee Amount] per annum is payable in equal instalments with the Interest Payment.

  • An indicative [Interest Payment Frequency instalment amount required to reduce the Advance as stated is: Scheduled Repayment (principal and interest) [Repayment Amount] {Loan Maintenance Fee (currently) [Maintenance Fee Amount]} [Interest Payment Frequency] instalment amount [Instalment Amount] We will notify you of the [Interest Payment Frequency] instalment amount after the Drawdown Date.

  • The Term Loan Maintenance Fee and the Term Loan Success Fee shall be deemed fully earned upon Closing and are non-refundable in all instances.

  • The Term Loan Maintenance Fee shall be paid in forty-seven (47) equal monthly installments of Four Thousand One Hundred Sixty-Six and 77/100 Dollars ($4,166.77) each, commencing on the first day of February, 1995, and continuing on the first day of each month thereafter until fully paid; and the unpaid balance of the Term Loan Maintenance Fee shall be due and payable by Borrower on the earlier (a) of the prepayment of the Term Loan Obligations or (b) the Maturity Date.

  • An indicative monthly instalment amount required to fully repay the Advance on the Facility Expiry Date is: Scheduled Repayment (principal and interest) [Repayment Amount] {Loan Maintenance Fee (currently) [Maintenance Fee Amount]} Monthly instalment amount [Instalment Amount] We will notify you of the monthly instalment amount after the Drawdown Date.} The monthly instalment amount will vary in line with any changes to the Loan Maintenance Fee notified to you.

  • All remaining principal, accrued and unpaid interest, the Term Loan Success Fee, any balance of the Term Loan Maintenance Fee and any other sums due and owing pursuant to the Term Loan Documents shall be due and payable on the Maturity Date.

  • On the date of execution hereof and on each monthly anniversary of the date of execution hereof, a loan maintenance fee equal to Twenty Five Thousand Dollars ($25,000.00) (the "Loan Maintenance Fee").

  • Borrower shall pay to Lender a ------------------------- fee ("Term Loan Maintenance Fee") in an amount equal to Two Hundred Thousand Dollars ($200,000).