Common use of Guaranty Fee Clause in Contracts

Guaranty Fee. If this Guaranty has not terminated by the fourth anniversary of its inception, then beginning on the fourth anniversary of this Guaranty and on each anniversary thereafter until this Guaranty is terminated, EMC shall cause the Partnership to pay to the Guarantor, a fee equal to 2% of the amount by which the Consolidated partners' equity is less than Four Million Dollars ($4,000,000.00).