Common use of Guaranty Fee Clause in Contracts

Guaranty Fee. In the event Legacy is required to guaranty any Development Loan or any Permanent Loan, the Company shall pay to Legacy an annual guaranty fee ("Guaranty Fee"), which Guaranty Fee shall be determined and payable in accordance with the provisions of this Section 8.13.

Appears in 2 contracts

Sources: Operating Agreement (Excel Legacy Corp), Operating Agreement (Excel Legacy Corp)