Acceptance Fee Sample Clauses

Acceptance Fee. Waived Initial Fees as they relate to Wilmington Trust acting in the capacity of Escrow Agent – includes review of the Escrow Agreement; acceptance of the Escrow appointment; setting up of Escrow Account(s) and accounting records; and coordination of receipt of Escrow Information for deposit to the Escrow Account(s). Acceptance Fee payable at time of Escrow Agreement execution.
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Acceptance Fee. Waived Initial Fees as they relate to Wilmington Trust acting in the capacity of Escrow Agent – includes review of the Escrow Agreement; acceptance of the Escrow appointment; setting up of Escrow Account(s) and accounting records; and coordination of receipt of Escrow Information for deposit to the Escrow Account(s). Acceptance Fee payable at time of Escrow Agreement execution. Escrow Agent Administration Fee: $4,000 For ordinary administrative services by Escrow Agent – includes daily routine account management; monitoring claim notices pursuant to the agreement; and disbursement of Escrow Information in accordance with the agreement. Wilmington Trust’s bid is based on the following assumptions: ● Number of Escrow Accounts to be established: 1 ● Est. Term: Under 12 months ● Escrow funds remain un-invested Out-of-Pocket Expenses: Billed At Cost Exhibit A Extension Notice Date: WILMINGTON TRUST, N.A. 000 Xxxxxx Xxxxxx, Suite 2R New York, NY 10012 Attention: Xxxxx Xxxxxxx Dear Mr./Ms. [_____]: In accordance with the terms of Section 1.2(c) an Escrow Agreement dated [ ] , 2020 by and among Ebang International Holdings Inc., a company organized under the laws of the Cayman Islands (the “Company”); UNIVEST SECURITIES, LLC (the “Placement Agent”), and WILMINGTON TRUST, NATIONAL ASSOCIATION (the “Escrow Agent”), the Company and Placement Agent hereby notify the Escrow Agent that the Closing Date has been extended from __________, 2020 to __________ __, 2020. Very truly yours, EBANG INTERNATIONAL HOLDINGS INC. By: Name: Title: UNIVEST SECURITIES, LLC By: Name: Xxxxx Xx XXx Title: Chief Operating Officer Exhibit B FORM OF ESCROW DISBURSEMENT INSTRUCTIONS AND RELEASE NOTICE Date: WILMINGTON TRUST, NATIONAL ASSOCIATION 000 Xxxxxx Xxxxxx, Suite 2R New York, NY 10012 Attention: Xxxxx Xxxxxxx Dear Mr./Ms _______: In accordance with the terms of Section 1.2(d) of an Escrow Agreement dated as of June __, 2020 (the “Escrow Agreement”), by and among Ebang International Holdings Inc., a company organized under the laws of the Cayman Islands (the “Company”); UNIVEST SECURITIES, LLC (the “Placement Agent”), and WILMINGTON TRUST, NATIONAL ASSOCIATION (the “Escrow Agent”), the Company and the Placement Agent hereby direct the Escrow Agent to distribute all of the Escrow Funds (as defined in the Escrow Agreement) in accordance with the following wire instructions: ________________________: $ ________________________: $ ________________________: $ Very truly yours, EBANG INTERNATI...
Acceptance Fee. Waived Initial Fees as they relate to Wilmington Trust acting in the capacity of Trustee and includes review of the Investment Management/Trustee Agreement; acceptance of the Trustee appointment; setting up of the Trust Account(s) and associated records; and coordination of receipt of funds, if any, for deposit to the Trust Account(s). Acceptance Fee payable at time of Trust Agreement execution
Acceptance Fee. An acceptance fee (the “Acceptance Fee”) shall be payable by the Canadian Borrowers to each Canadian Lender and each Canadian Lender shall deduct the amount of such Acceptance Fee from the BA Discount Proceeds (in the manner specified in Section 2.19(a)(vii) in respect of each Bankers’ Acceptance), said fee to be calculated at a rate per annum equal to the Applicable Rate calculated on the face amount of such Bankers’ Acceptance and computed on the basis of the number of days in the term of such Bankers’ Acceptance and a year of 365 days.
Acceptance Fee. To cover the acceptance of the Escrow Agent appointment, the study of the Agreement, and supporting documents submitted in connection with the execution and delivery thereof, and communication with other members of the working group: Fee: WAIVED
Acceptance Fee. If the Borrower notifies the Administrative Agent pursuant to Section 3.2, 3.8 or 10.2 that a Borrowing or a Conversion Advance or a Rollover Advance is to be made by way of Bankers’ Acceptances (or, as the case may be, BA Equivalent Advances), the Borrower shall pay in CDollars at or prior to the time of the Acceptance of each Bankers’ Acceptance an Acceptance Fee on the face value of each Bankers’ Acceptance accepted by a Lender. The Acceptance Fee shall be computed on the basis of the actual number of days of the Bankers’ Acceptance divided by the actual number of days of the year.
Acceptance Fee. The Borrowers agree to pay to the Administrative Agent, for the account of the Lenders, in accordance with their respective Commitment Percentages, for each Acceptance, a fee (the “Acceptance Fee”) equal to the Acceptance Fee Percentage, multiplied by the face amount of each Acceptance, plus all reasonable out-of-pocket costs, fees, and expenses incurred by the applicable Acceptance Lender in connection with the application for, processing of, issuance of, or amendment to any Acceptance. The Acceptance Fee shall be payable in arrears on the fifteenth day of each January, April, July, and October and on the Termination Date for any three (3) month period, or shorter period if calculated for the period beginning on the Effective Date or for such period ending on the Termination Date, in which an Acceptance was issued and/or in which an Acceptance remained outstanding. After the occurrence and during the continuance of an Event of Default, at the option of the Administrative Agent or upon the direction of the Required Lenders, the Acceptance Fee shall be increased by an amount equal to two percent (2%) per annum. Subject to Section 9.14, the Acceptance Fee shall be computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable. In addition, the Borrowers shall pay to the Acceptance Lender for its own account a fronting fee with respect to each Acceptance, at a rate equal to 0.125% percent per annum, computed on the amount of such Acceptance, computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable, and payable on the fifteenth day of each January, April, July and October, in arrears.
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Acceptance Fee. An Acceptance Fee shall be:
Acceptance Fee. Waived The Acceptance Fee includes the review of the Second Tranche 568 Settlement Fund Custodian/Escrow Agreement, acceptance of the role as the Second Tranche 568 Settlement Fund Custodian/Escrow Agent, establishment of the Second Tranche 568 Custodian/Escrow Account(s), and receipt of funds. Annual Administration Fee: Waived The Annual Administration Fee includes the performance of administrative duties associated with the Second Tranche 568 Settlement Fund Custodian/Escrow Account including daily account management, generation of account statements to appropriate parties, and disbursement of funds in accordance with the Second Tranche 568 Custodian/Escrow Agreement. Administration Fees are payable annually in advance without proration for partial years. Out of Pocket Expenses: Waived
Acceptance Fee. For initial services associated with establishing the Escrow Account. This is a one-time fee payable upon execution of the agreement. $500.00 ANNUAL ADMINISTRATION FEE: An annual charge or any portion of a 12-month period thereof. This fee is payable 45 days after the opening of the Escrow Account or prior to the final disbursement of the Escrow Fund, whichever event occurs first, and in advance of the annual anniversary date thereafter. This charge is not prorated for the first year. There is an additional annual charge of $250.00/subaccount opened. $1,500.00 covering up to 100 deposits. There will be an additional administration fee of $750.00 for each block of 50 deposits over the initial 100 deposits. TRANSACTION FEES: Wire transfer of fund: $35.00/domestic wire initiated; $50.00/international wire initiated Checks Cut: $10.00/check cut Securities Purchase (Buy and Sell): $50.00/transaction Returned Check: $30.00/returned item Out-of-pocket expenses, fees and disbursements and services of an unanticipated or unexpected nature are not included in the above schedule.
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