State Guarantee Fee Clause Samples
The State Guarantee Fee clause establishes the obligation for a party to pay a fee in exchange for a guarantee provided by a state or government entity. Typically, this fee is calculated as a percentage of the guaranteed amount and is payable either as a lump sum or in periodic installments, depending on the agreement's terms. By specifying the payment terms and conditions for the guarantee fee, this clause ensures that the guarantor is compensated for assuming the risk, thereby facilitating the provision of state-backed financial support or credit enhancement.
State Guarantee Fee. The Borrower will pay to the State Guarantor a guarantee fee on each 1 April and 1 October. The guarantee fee will be calculated for each half year starting at these dates at a per annum rate of 0.25 % of the amount guaranteed by the State Guarantor at those dates and is payable to C&L Deutsche Revision AG, Düsseldorf, Anderkonto Bundesminister der Finanzen, account 301 51 12 with Westdeutsche Landesbank Girozentrale, by making reference to the State Guarantee number. An amount of 0.25 % of the maximum guaranteed amount is due and payable by the Borrower in accordance with the sliding scale granted by the State Guarantor. The Borrower will promptly inform the Agent of any payments made pursuant to this Clause 26.5 (State Guarantee Fee).
State Guarantee Fee. The Borrower will pay on the last day of each Interest Period a guarantee fee in accordance with the provisions of clause 9.4.3 of the Pulp Mill Facility Agreement in the amount of 1% per annum of the outstanding Advances. Upon the expiration of a period of 6 months following the granting of the State Guarantee, the Borrower will pay a commitment fee of 0,25% of the Commitments which have not been drawn down yet.
State Guarantee Fee. The Borrower will pay to the State Guarantor a guarantee fee on each 1 April and 1 October. The guarantee fee will be calculated for each half year starting at these dates at a per annum rate of 0.25 % of the amount guaranteed by the State Guarantor at those dates and is payable to PWC (account number: ▇▇▇▇▇▇▇, sort code: 300 500 00 with Westdeutsche Landesbank, Girozentrale) by making reference to the State Guarantee number. An amount of 0.25 % of the maximum guaranteed amount is due and payable by the Borrower in accordance with the sliding scale granted by the State Guarantor. The Borrower will promptly inform the Agent of any payments made pursuant to this Clause 26.5 (State Guarantee Fee).