Common use of LOAN SERVICE FEE Clause in Contracts

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $12,000,000. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 2 contracts

Samples: Grant Agreement, Construction Loan Agreement

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LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 156,499 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0007,842,930. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 73,129 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $12,000,0003,656,470. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 50,097 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0002,504,850. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan Loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 100,000 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amountInterest; that is, two percent of $12,000,0005,000,000. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

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LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 84,300 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Capitalized Interest amount; that is, two percent of $12,000,0004,215,000. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 58,587 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Principal Forgiveness and Capitalized Interest amountInterest; that is, two percent of $12,000,0002,929,351. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Fund Construction Loan Agreement

LOAN SERVICE FEE. The Loan Service Fee is estimated as $240,000 36,392 for the Loan amount authorized to date. The fee represents two percent of the Loan amount excluding Principal Forgiveness and Capitalized Interest amountInterest; that is, two percent of $12,000,0001,819,577. The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment. The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment. The Local Government Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

Appears in 1 contract

Samples: Construction Loan Agreement

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