Examples of Loan Service Fee in a sentence
The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment.
A Final Amendment establishing the final costs financed by this Loan and the actual Loan Service Fee shall be completed after the Department’s final inspection of relevant documents and records.
The Project Sponsor shall pay the Loan Service Fee from the first available repayments following the Final Amendment.
The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan less the Principal Forgiveness plus the estimated Loan Service Fee and the principle of level debt service.
Interest also shall be computed on the unpaid balance of the Loan Service Fee.
The Semiannual Loan Payment amount is based on the total amount owed of $679,013, which consists of the Loan principal and the estimated Loan Service Fee.
After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments.
The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment.
The Loan Service Fee is estimated as $25,312 for the Loan amount authorized to date.
The Loan Service Fee is based on actual Project costs and will be assessed in the final Loan amendment.