LOAN FEE; DEPOSIT Sample Clauses

LOAN FEE; DEPOSIT. Borrower shall pay the Lender a loan fee ----------------- in connection with the Construction Loan of one percent (1%) of each Advance (the "Loan Fee") which shall be deemed fully earned by Lender on the Closing -------- Date. The Loan Fee in the amount of one percent (1%) of each Advance shall be payable on the earlier of forty five (45) days following the making of such Advance or concurrently with the making of the next succeeding advance of the Receivables Loan or Working Capital Loan and such Loan Fee may be withheld from the advance of the Receivables Loan or Working Capital Loan so made. The payment of the Loan Fee is in addition to Borrower's obligation under Paragraph 15.7 -------------- hereof and is an addition to Borrower's obligation to pay a loan fee under the Receivables Loan Agreement.
Sample 1
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LOAN FEE; DEPOSIT. Within one (1) Business Day after the Effective Date, Buyer shall deposit the Loan Fee Deposit with Escrow Holder by cashier’s check or by wire transfer of immediately available funds, as a deposit on account of the Loan Assumption Fees. Immediately upon Escrow Holder’s receipt of the Loan Fee Deposit, Escrow Holder shall place the same in a single interest-bearing account, reasonably acceptable to Buyer and Seller. The Loan Fee Deposit shall be deemed to include any interest accrued thereon. The Loan Fee Deposit (as and when paid to Escrow Holder) shall be held by Escrow Holder in accordance with this Agreement, and, if applicable, in accordance with Escrow Holder's standard form of escrow agreement which Buyer and Seller agree to execute in addition to this Agreement. If the transaction contemplated hereby closes as provided herein, the Loan Fee Deposit shall be credited toward the Loan Assumption Fees payable by Buyer at Closing. If this Agreement terminates prior to Closing for any reason other than Seller’s default, then Buyer hereby irrevocably instructs and directs the Escrow Holder to pay to Lender any Loan Assumption Fees that are due, owing and unpaid as of the date of such termination from the Loan Fee Deposit; in the event after such payment there remains a credit balance of the Loan Fee Deposit, Escrow Holder shall refund such amount to Buyer, however, in the event such Loan Assumption Fees exceed the Loan Fee Deposit, Buyer shall remain liable to pay such excess, which obligation of Buyer shall survive the termination of this Agreement. If this Agreement terminates as a result of a Seller default, then the Loan Fee Deposit shall be returned to the Buyer.
Sample 1

Related to LOAN FEE; DEPOSIT

  • Loan Fee Borrower agrees to pay Lender a single loan fee per Loan (a “Loan Fee”) equal to $0.001 per Loaned Share. The Loan Fee shall be paid by Borrower on or before the time of transfer of the Loaned Shares pursuant to Section 2(d) on a delivery-versus-payment basis through the facilities of the Clearing Organization.

  • Loan Fees The Borrower shall pay the Administrative Agent for the account of the parties specified therein the various fees in accordance with the Fee Letter.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Cash Advance Fee If you request a Cash Advance, in addition to the Interest Charge which will accrue on the Cash Advance, you agree to pay a fee of three percent (3%) of the amount of the Cash Advance subject to a minimum fee of $10.00.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Loan Amount 4. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Interest Reserve Account The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee, for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained as a non-interest bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year) or February (commencing in 2018) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Mortgage Loans that accrue interest on the basis of a 360-day year and the actual number of days in the related month, an amount equal to one day’s interest at the related Net Mortgage Rate on the Stated Principal Balance of each such Mortgage Loan as of the close of business on the Distribution Date in the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent a Monthly Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable) and February, “Withheld Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the final Distribution Date occurs in such month) of each calendar year (commencing in 2018), the Certificate Administrator shall transfer to the Lower-Tier REMIC Distribution Account the aggregate of all Withheld Amounts on deposit in the Interest Reserve Account.

  • Collection Fees If collection fees are assessed or attorney’s fees are expended by the University in the process of obtaining unpaid housing charges, the student will be responsible for the payment of those fees in addition to the unpaid housing charges.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

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