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

  • Use of the effective interest method means that the interest income and charges are allocated to the relevant period, based on the effective interest rate, by means of an annuity calculation.

  • A $240 annual Loan Maintenance Fee applies to this account and is raised based on the interest raising period selected, either monthly, quarterly, half yearly or annually and is payable in arrears.

  • An annual Loan Maintenance Fee applies to this account and is raised in advance with the interest component.

  • 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.

  • Loan Maintenance Fee A loan maintenance fee of $240.00 per annum is payable in equal instalments with the Interest Payment.

  • If you choose to purchase an optional benefit, you will pay additional charges, as shown below.Annual Contract Fee(1)NoneBase Contract Expenses(2)(as a percentage of your average Account Balance in the Separate Account).95%Annual Account Reduction Loan Maintenance Fee (per loan outstanding)(3)$501 A $20 Annual Contract Fee is imposed on money in the Fixed Interest Account.

  • 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.

  • Page 2 of 11 R CBA.4000.0074.7992 Loan Maintenance Fee A loan maintenance fee of $240,00 per annum is payable in equal instalments with the Interest Payment, We will notify you of the loan maintenance fee payment details after the Drawdown Date and any changes to those fee payment details from time to time (such as where there is a New Payment Date).

  • Loan Maintenance Fee $0.00Monthly instalment amount $30,492.10The Bank will notify the Borrower of the monthly instalment amount and of any future variations.

  • Annual Contract Fee(3)NoneBase Contract Charge(4)(as a percentage of your average Account Value in the Separate Account).95%Annual Account Reduction Loan Maintenance Fee (per loan outstanding)(5)$50 3 A $20 Annual Contract Fee is imposed on money in the Fixed Interest Account.

Related to Loan Maintenance Fee

  • Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Administrative Fee is defined in Section 4.1(a).

  • Advance fee means any consideration paid or given, directly or indirectly, to a mortgage lender, secondary mortgage broker or originator required to be licensed or registered pursuant to sections 36a-510 to 36a-524, inclusive, as amended by this act, prior to the closing of a secondary mortgage loan to any person, including, but not limited to, loan fees, points, broker's fees or commissions, transaction fees, or similar prepaid finance charges;

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Modification Fee means a fee, if any, collected from a Mortgagor by the Master Servicer in connection with a modification of any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note other than a Specially Serviced Mortgage Loan or collected in connection with a modification by the Special Servicer of a Specially Serviced Mortgage Loan.

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Yield Maintenance Agreement The yield maintenance agreement between the Trustee, on behalf of the Trust, and the Counterparty, which will be primarily for the benefit of the Class 1-A-2 Certificates, substantially in the form attached hereto as Exhibit Q. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.