Standby Fees definition

Standby Fees means the fees described in Section 2.28.

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Standby Fees shall have the meaning set out in Section 6.1(iii)(B).

Standby Fees is defined in Section 2.05.

Examples of Standby Fees in a sentence

Standby Fees shall be payable monthly by the Master Servicer on a loan-by-loan basis out of its Master Servicing Fees received with respect to each Mortgage Loan and each REO Loan.
Upon final payment of the Loan Obligations, the Borrower shall also pay any accrued but unpaid Standby Fees on the Credit Facility.
The accrued Standby Fees shall be payable quarterly in arrears on each Quarterly Date, on the Termination Date, and thereafter on demand.
No Standby Fees shall be payable in respect of the portion of the Credit Facility so cancelled as and from the effective date of its cancellation.
Subsequent Standby Fees payments shall be made no later than March 1st of each calendar year during the term of this Agreement, beginning with the March 1st of the year immediately following the Initial Payment Year.
The first Standby Fees payment shall be made no later than March 1st of the Initial Payment Year.
Notwithstanding the foregoing, Standby Fees shall cease to accrue on the unfunded portion of the Commitment of a Lender while it is a Defaulting Lender.
In respect of Loans and Standby Fees, the Borrower shall pay interest and Standby Fees calculated with reference to the new Applicable Pricing Margin effective on the first day following the end of such Quarter, notwithstanding that any Accommodation was made prior to such date.
On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid Standby Fees.
In the case of the Revolving Facility, the Applicable Margin applicable to the Standby Fee shall be adjusted based on the Leverage Ratio in in accordance with the terms set out in Section 4.3. The Standby Fees shall be payable monthly in arrears on the first Business Day after the end of each month, with the first payment to be made on the first Business Day of the month which immediately follows the Closing Date based on the number of days elapsed between the Closing Date and the end of the month.

More Definitions of Standby Fees

Standby Fees means the standby fees payable by the Borrower to Royal pursuant to §3.28; (sssss) "Stock" means all shares, options, warrants, general or limited partnership interests, units or other equivalents (regardless of how designated) of or in a corporation, general partnership, limited partnership, limited liability company, unlimited liability company, joint stock company, or equivalent entity whether voting or nonvoting, including common stock and preferred stock; (ttttt) "Subordination Agreement" means the subordination agreement dated for reference November 30, 2001 among the Borrower, the Guarantor, certain Guarantor Affiliates and Royal wherein all Indebtedness owing by the Borrower to such Guarantor Affiliates and to the Guarantor except for trade accounts payable (including payables for management services) incurred in the ordinary course of business prior to receipt from Royal of a notice of default, in the case of a default in respect of which Royal is required to give notice before it becomes an Event of Default or, an Event of Default, is expressly made subordinate and subject in right of payment as therein provided to the prior payment in full of all indebtedness of the Borrower to Royal under this Agreement; (uuuuu) "Subsidiary" of a Person means any corporation, association, partnership, joint venture or other business entity of which more than 50% of the Voting Shares or other equity interests (in the case of Persons other than corporations) is owned or controlled directly or indirectly by the Person, or one or more of the Subsidiaries of the Person, or a combination thereof; (vvvvv) "Sufficient Copies" means three copies or such other reasonable number of copies of reports, financial statements, certificates and other material required to be delivered by the Borrower or the Guarantor, as the case may be, to Royal pursuant to the Agreement as advised by Royal from time to time in writing;

Standby Fees means the Syndicated Facility Standby Fees and the Swingline Facility Standby Fees or either one of them as the context herein may require.

Standby Fees means the standby fees payable by the Borrower to Royal pursuant to §3.26;

Standby Fees means the standby fees payable by the Borrower pursuant to Section 2.10(a).

Standby Fees means the standby fees payable to the Operating Lenders at the times and in the manner provided for in Section 7.3;