Security Agency Fee definition

Security Agency Fee. Bus or Holding (as applicable) will pay to the Security Agent under the definitive agreement for the Mezzanine Facility an annual: security agency fee of EUR 25,000 (pro-rata in accordance with the amount owed by each of them under the Mezzanine Facility). The first payment of such agency fee shall be made on the first date a drawing is made under the Mezzanine Facility and thereafter such fee shall be paid annually in advance (on each anniversary of the initial payment) for as long as any amount remains outstanding under the Mezzanine Facility or any commitment thereunder remains in force. Upon the first drawdown under the Mezzanine Facility, Bus or Holding (as applicable) will also pay to the Security Agent all of the costs and expenses (including, without limitation, legal fees and an acceptance fee of EUR 30,000) incurred by the Security Agent in relation to the Mezzanine Facility pro rata in accordance with the amount owed by each of them under the Mezzanine Facility.
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Examples of Security Agency Fee in a sentence

  • In consideration of Wilmington Trust (London) Limited acting as Security Agent under the Finance Documents, the Company shall pay (or procure the payment of) an annual fee of $40,000 to the Security Agent (for its own account or its designated Affiliates) (the Security Agency Fee).

  • Without prejudice to paragraph 2.1 (Agency and Security Agency Fee) above, the Agent is hereby authorised to deduct the amount of the first fees payable under paragraph 2.1 (Agency and Security Agency Fee) from the proceeds of the first Utilisation under the Senior Facilities Agreement for the accounts of the Agent and Security Agent in accordance with the terms of this Fee Letter.

  • For the avoidance of doubt, if the Initial Closing Date does not take place, no Interim Security Agency Fee is payable under this Fee Letter.

  • In consideration of us performing the role of Security Agent in connection with the Facility Agreement, you will pay to us, as Security Agent, for our own account, a security agency fee of USD 8,000 per year (the Security Agency Fee) in advance.

  • The same shall apply mutatis mutandis in respect of the agency fee pursuant to Clause 22.4 (Agency Fee) and the security agency fee pursuant to Clause 22.5 (Security Agency Fee).

  • Written statement confirming that the fees, costs and expenses required to be paid by the Borrower pursuant to Clause 21.3 (Front End Fee), 21.5 (Facility Agency and Security Agency Fee), Clause 22.1 (Transaction Expenses) and Clause 22.3 (Stamp Taxes) are being or have been paid or will be paid on the later of 2 January 2002 or out of the proceeds of the first Advance.

  • A copy of the executed fee letters referred to in Clauses 21.3 (Front End Fee) and 21.5 (Facility Agency and Security Agency Fee).